How Crypto Landscape has changed?

In the early 2010s, the crypto market consisted of a handful of small, retail-focused brokers, fiat on-ramps were rare as well. Over the last decade, the market has grown to over $15B of daily volume traded across spot, derivatives, and on-chain markets. Today, Bitcoin sits among the most liquid assets in the world.

How has the space involved?

For more information: https://arjun.af/crypto-market-structure

TL;DR

Early 2010s to 2015

• Heavily focused on trading Bitcoin — As BTC dominance was way higher back then.
• Exchanges with fiat on-ramps were rare — The banking channel was a challenge.
• Liquidity was poor on most exchanges — Cross-border and cross-venue spreads were often measured in single-digit percentages.

2016–2017

• The rise of Ethereum — First mover advantage of being called blockchain 2.0.
• ICO craze — Flipping crazy multiples from ICOs. Getting exit scammed.
• Crypto bull market — Double digits gains were the norm. $20,000…