Cryptocurrency exchanges are catching up to their traditional counterparts, a new study suggests.According to a report released by global professional services company Accenture, revenue from cryptocurrency exchanges is now matching that of traditional exchanges. Some of the changes discussed in the document, “Capital Markets Vision 2022,” include the rise and growth of cryptocurrencies, and how blockchain technology could potentially help traditional firms unlock value and add new levels of efficiency to their operations. Traditional exchanges typically generate solid pre-tax margins, but their growth prospects tend to be modest at best, the document explains. Thus, many traditional firms have begun finding ways to bring cryptocurrency trading to their customers as a means of potentially increasing their revenue while offering investors the chance to build more diversified portfolios. The report says that cryptocurrency exchanges and servicing hold a 64 percent pre-tax margin. The authors say that, in just a few short years, crypto exchanges have “exploded from virtually nowhere” and now represent a substantial amount of revenue, matching that from traditional exchanges with a discrepancy in composition of margin and turnover that differs by a factor of roughly 1,000. Markus Boehme — co-author of the report and managing director at Accenture Strategy — explains, “Adapting a trillion-dollar industry for... For Further Information Click on Below Button