Dear Clients,
Tradeo ceased offering trading services last year in May. Trading and ancillary will not recommence, and the brand/platform will be permanently discontinued.

For the clients with remaining balances, kindly send a withdrawal request through your login or via chat or email. If there are any queries or concerns relating to your account or any other matter, please email us at [email protected]


Cryptocurrency Market Cap Exceeds $2 Trillion

Cryptocurrency Market Cap Exceeds $2 Trillion

For the first time ever, the market value of cryptocurrencies surpassed $2 trillion, according to data from market trackers, Blockfolio and CoinGecko. The record-breaking figure is the result of a steady increase in gains over recent months. This increase led to heightened demand from both institutional and retail investors, as well as the cryptocurrency market doubling in value this year.

The Breakdown

Bitcoin, the oldest and largest cryptocurrency, was instrumental to the surge. Its own value is positioned at around $60,000 per bitcoin (a lifetime milestone of its own), and it is worth more than $1 trillion by market cap. Analysts suspect that so long as its value remains above $53,000, it will maintain its 13-digit market cap.

But the barrier was broken by the additional price surges of smaller cryptocurrencies, too. Generally, there is significant growing interest in crypto, which is expanding far beyond the most well-known coins. After Bitcoin, the five biggest cryptocurrency coins by market cap are Ethereum, Binance Coin, Ripple, Tether, and Polkadot.

Ethereum, the second-largest cryptocurrency in terms of market cap with a total value of around $250 billion, and Binance Coin are also leading the charge. This is due to a sharp rise in interest in decentralized finance (DeFi). DeFi is a system that allows buyers, sellers, lenders, and borrowers to communicate directly with each other or through a software-based intermediary instead of going through a bank.

crypto market cap

Institutional Investors Embrace Crypto

Institutional investors have been dabbling in crypto recently, looking to boost cash returns in the near-zero interest rates arena. Most notably, Tesla Inc. started accepting Bitcoin as payment for cars while also pouring $1.5 billion into the cryptocurrency. Another to jump on the crypto bandwagon is Morgan Stanley. The investment bank now allows some of its wealthiest clients to add Bitcoin to their portfolios. Firms from Mastercard Inc. and PayPal Inc., as well as BNY Mellon, are putting measures in place so that they can embrace the token, too.

Bitcoin advanced further when the world’s largest institutional holder of the crypto, Grayscale Bitcoin Trust, announced its plans to convert the trust into an exchange-traded fund (ETF). According to the publicly listed investment vehicle, its commitment to do so will depend on the regulatory environment.


This impressive leap in value has left cryptocurrency traders feeling particularly optimistic. As the industry evolves, more and more people are getting involved, and that is from all angles. Not only are more individuals and companies investing in cryptos, but analysts expect to see more blockchain-based applications to be introduced, too.

Breaking the $2 trillion barrier is likely to spark even more interest in both Bitcoin and altcoins, so many believe that this upward trend will continue for some time.


Legal disclaimer: The material does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instruments. UR Trade Fix Ltd accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. No representation or warranty is given as to the accuracy or completeness of this information. Consequently, any person acting on it does so entirely at their own risk. The analysis does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Past performance does not constitute a reliable indicator of future results and future forecasts do not constitute a reliable indicator of future performance.

It has not been prepared in accordance with legal requirements designed to promote the independence of research, and as such it is considered to be marketing communication. Although we are not specifically constrained from dealing ahead of the publication of our research, we do not seek to take advantage of it before we provide it to our clients. We aim to establish, maintain and operate effective organizational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. We operate a policy of independence, which requires our employees to act in our clients’ best interests when providing our services.