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Cryptocurrency Market Is Becoming Even More Concentrated

  • Bitcoin, Tether and Ether account for 90% of trading volume
  • Market share of the coins up from 75% a year ago, Messari says
Bloomberg business news
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While Bitcoin has dominated the headlines in the cryptocurrency market since its introduction more than a decade ago, the sector is becoming even more concentrated among it and two rivals.

Bitcoin, Tether and Ethereum accounted for about 90% of trading volume on digital-asset exchanges this year among top-10 cryptocurrencies, up from 75% a year ago, according to researcher Messari.