The past decade has been a stepping stone for the crypto-blockchain sphere. This is mainly due to the rapid developments that this space has witnessed in the past few years. From the rise and fall of ICO’s to the entry of hotshot corporations in devising blockchain solutions- this industry has seen it all!
Now, as we are entering this new decade, a couple of modern ideas and developments are set to change the way of blockchain investments, cryptocurrency trading, and more! In this article, we are going to take a look at some of the innovations that are likely to become the next breakthrough in the crypto-blockchain space.
Crowdfunding Investment Models
The last decade saw a better and innovative model for crowdfunding blockchain investments with Initial Exchange Offerings (IEO’s). Binance, a famous cryptocurrency exchange, was among the first ones to enlist IEO tokens on its platform. At the beginning of 2019, it offered IEO tokens of the popular client Bittorrent on its launchpad. The sale of Bittorent Token (BTT) raised almost $7 million in just the first 14 minutes of its opening.
After this, a number of exchanges have conducted successful IEO’s raising billions of dollars in the token sale. The entire model of IEO’s has been fairly successful in its short run.
Other than IEO’s, another substantial model of STO’s has also generated hype in the crypto industry. Moreover, with Security Token Offerings (STO’s), it has given birth to new business models as well as meaning to cryptocurrency tokens. According to a report, in the first quarter of 2019, STO’s witnessed a 130% increase as compared to 2018.
Bitcoin ATM’s
Another popular trend that has come up in 2019 and will very likely be developed in the upcoming year is the rise of Bitcoin ATMs. These machines are a step towards the mainstream adoption of cryptocurrencies. The basic bitcoin ATMs allow users to purchase bitcoins through credit or debit cards. As of December 2019, there are more than 6000 bitcoin ATMs across the globe.
Moreover, with this upward trend, a number of companies are moving into this space. Recently, Wolfs Group has also stepped into this arena. It has already acquired automation companies for the installation of Bitcoin ATMs through Europe. Furthermore, through its acquired platform Ferpay, it has planned to roll out multicurrency cards and Cryptocurrency to fiat gateway.
Such advancements suggest that this decade will further bring the adoption of bitcoin into the mainstream. Additionally, a number of retailers and merchants have started accepting bitcoin as a payment method. The latest addition in this long list has been the coffee retailer chain Starbucks.
Crypto Derivatives and Futures Trading
The year 2019 gave way to derivatives and futures trading for cryptocurrencies placing it alongside the methods of stock markets. Initially, only a few exchanges including Bittrex offering futures trading, have now evolved into a handful of popular exchanges offering the service on its platform.
Bakkt, a platform offering bitcoin futures contract, set the stage for this market at the end of 2019. As more exchanges jump into this picture, the crypto derivatives market will become equally competitive in the year 2020.
Other than exchanges, a number of regulated CFD brokers have started offering leveraged trading on their platforms. Playing on the volatility of cryptocurrency, such brokers allow futures trading in cryptocurrencies including bitcoin.
Robots for Cryptocurrency Trading
A modern innovation that has erupted in recent years specifically to cryptocurrency trading is robot or auto traders. Traders who do not have any particular knowledge pertaining to crypto trading can indulge in it through the use of such robots.
Using modern technologies like A.I., such robots have an inbuilt algorithm to act in milliseconds in order to take advantage of the changing prices in cryptocurrency. Moreover, such automated robots work well for those who want to trade or buy cryptocurrency but lack any knowledge in doing so. With the mainstream adoption of the crypto sphere, such methods are likely to become popular.
Stablecoins and CBD’s
Although stablecoins have been around the industry for a while, this decade will entirely change its meaning. This is because established players like J.P. Morgan are moving into the space of digital coin. Citing its project as JPM Coin, the big bank has already successfully tested the digital coin. The stablecoin, based on blockchain technology, will represent the equivalent of fiat currency.
Another governing innovation that will take a center stage in this space is the Centrally Backed Cryptocurrency (CBD’s). In the past few years, many governmental institutions have already started testing the model of CBD’s. In this decade, most of the models will be officially launched as a major step towards revolutionizing the global fintech industry.
This move of big banks and governments planning to launch regulated stablecoins will revolutionize the landscape of cryptocurrency.