ETC Group Second Quarter Market Report Reveals $ 3 Billion Annualized Revenue Rate for Bitcoin

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LONDON – (BUSINESS WIRE) – ETC Group has released the first of its regular quarterly market reports for Bitcoin, Ethereum and Litecoin. The research, available at https://etc-group.com/blog/, shows that

For the month of April 2021, Bitcoin generated annualized revenue of US $ 2.986 billion;

This exceeds Square’s ARR in 2018 ($ 2.982 billion) and Shopify in 2020 ($ 2.929 billion);

Year on year, the fees generated by Ethereum transactions have increased by more than 5,000% year-on-year.

Quarterly research, first published by ETC Group, analyzes the performance of Bitcoin, Ethereum and Litecoin as well as commentary and analysis on market and technical developments. Annualized income execution rates are calculated from the total transaction fees, also known as network income, paid to crypto miners over any period.

Bradley Duke, CEO of ETC Group, comments: Over the past few months, we’ve seen major cryptocurrencies generate more revenue through transaction fees than some of the world’s top-valued companies have done in recent years. . There was a growing adoption of crypto assets, in institutional balance sheets instead of treasuries, and now even in government pension funds. More generally, crypto payments have increased, and while some countries continue to take a cautious or hostile stance towards bitcoin, others, like El Salvador, have made historic strides in bringing bitcoin into the market. their national currency models.

Other highlights of the reports include:

Total Ethereum trading volume grew more than 2,000% year-on-year in the second quarter ($ 777.1 billion in the second quarter of 2021 compared to $ 36.7 billion in the second quarter of 2020);

Decentralized Exchange (DEX) volume grew more than 8,300% year-on-year in the second quarter ($ 283.8 billion in the second quarter of 2021, compared to $ 3.4 billion in the second quarter of 2020);

The second quarter of 2021 saw the largest US dollar value transfer in Litecoin history, totaling $ 28.1 billion. This value eclipsed the previous most important day, December 21, 2017, which reached an astonishing $ 11.5 billion.

Full second quarter reports including research notes are available at www.etc-group.com where anyone can also sign up to receive future reports as well as the ETC Groups weekly research report. #CryptoMinutes.

BTC Q2 2021 results: https://etc-group.com/blog/btc_q2_2021_report/

ETH Q2 2021 results: https://etc-group.com/blog/eth_q2_2021_report/

LTC Q2 2021 results: https://etc-group.com/blog/ltc_q2_2021_report/

Cryptocurrencies are very volatile and your capital is at risk. Disclaimer: https://bit.ly/etcdisc

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About ETC Group

ETC Group (www.etc-group.com) specializes in the development of innovative digital asset-backed securities and is supported by a number of leading financial institutions based in London. Shareholders include companies such as XTX Ventures, the venture capital arm of electronic market-making company XTX Markets. ETC Groups securities are marketed by HANetf.

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