With the growing popularity of more energy-efficient networks than Bitcoin and Ethereum, staking will gain traction as a new way to grow money for institutional and retail investors alike.
United States, July 2, 2021 /AlexaBlockchain/ – JPMorgan CEO Jamie Dimon, and two senior analysts in a report this week on digital assets predicts that Staking could become a $40 billion market by 2025.
With the growing popularity of more energy-efficient networks than Bitcoin and Ethereum, staking will gain traction as a new way to grow money for institutional and retail investors alike.
According to the report, staking today generates an estimated $9 billion worth of revenue annually for the crypto industry.
Analysts estimate that ethereum’s shift to proof-of-stake after the launch of long-anticipated ethereum 2.0 next year will spur adoption of the alternative consensus mechanism and could cause staking rewards to exponentially grow to $20 billion in the quarters following the launch of Ethereum 2.0 and $40 billion by 2025.
The report also mentioned that staking will become a growing source of income for cryptocurrency intermediaries like Coinbase, especially after Ethereum 2.0 which is scheduled to be complete in 2022. The report estimates that staking presents a $200 million revenue opportunity for Coinbase in 2022, up from $10.4 million in 2020.