Contextualizing LMAX Digital’s record-breaking year
Bitcoin and Ethereum are having a really good year; Bitcoin’s price has increased 156.5% YTD while Ethereum soared 348.0%. PayPal’s crypto offering is already generating “2–3x expected demand,” and Cash App generated $1.6 billion worth of bitcoin sales in 3Q (representing ~90% of all cumulative sales prior to that).
Source: The Block, 23 November 2020