Revenues of world cryptocurrency trading platforms can grow more than twofold and reach $4 billion in 2018, analysts believe.

According to analysts of Sanford C. Bernstein & Co, the drop in cryptocurrency market capitalization is unlikely to adversely affect the profitability of trading platforms, as crypto trading volumes are increasing and exchanges launches new fee-paying services.

According to their estimates, in 2017, crypto exchanges earned $1.8 billion only on fees on sell and buy transactions. It equals to about 8% of the revenues of traditional stock exchanges.

As cryptocurrency market matures and more and more institutional investors begin to show interest in it, cryptocurrency exchanges launch more and more services, such as custodial, storages, asset management and other tools. Their appearance will also help crypto exchanges increase revenues by creating a new source of commission fees.

In the second half of 2017, Binance, one of the largest crypto exchanges in the world, reportedly earned approximately $200 million. According to Binance CEO Changpeng Zhao, Binance will record a profit of $500 million or even $1 billion in 2018, despite the fall of the cryptocurrency market. According to him, in the first half of the year, the total income of Binance was about $300 million. The average daily trading volume was about $1.5 billion, and the Binance customer base is more than 10 million accounts, he added.