"Cryptocurrencies future/regulation" conference held in Gibraltar (on 9th May 2017). Speaker: Jon Matonis

1. Jon Matonis
Chairman, SA Globitex
Founding Director, Bitcoin Foundation
@jonmatonis
State of Bitcoin
2017

2. First Talk in Gibraltar (2011)

3. Why Is Bitcoin
Important?

4. “MoIP”: Money over Internet Protocol

5. Bitcoin Network Computational Power

6. Bitcoin Network Computational Power

7. Bitcoin Has Controlled Supply

8. Recent Blocks and the Mempool

9. Bitcoin Transaction Volume

10. Bitcoin Average Block Size

11. Why Are
Bitcoin
Exchanges So
Important?

12. Benefits of Bitcoin Exchanges
● Stability - Increased liquidity reduces
price volatility
● Access - Exchanges provide a bridge
from national fiat currencies
● Risk Management - Exchanges with
margin trading, futures, or options
provide critical hedging opportunities

13. XBT: Proposed ISO 4217 Currency Code

14. Foreign Exchange Data Feeds Quoting XBT

15. Bitcoin
Exchange
Statistics

16. Current Leading Bitcoin Exchanges

17. Bitcoin Exchange Trading Volume

18. Exchange Volume Distribution (2-
year)

19. Exchange Volume Distribution Over
Time

20. USD/BTC Bid-Ask Spread (7 days)

21. Bitcoin Derivatives Exchanges
● BitMEX
● LedgerX
● Crypto Facilities
● SolidX Partners
● TeraExchange
● Alt-Options
● Bitnomial
● Cryex
● Coinut
▪ Bitfinex
▪ Magnr
Futures/
Options
Margin Trading

22. BitMEX

23. Implied BIBOR

24. Leading
Bitcoin Price
Indices

25. CoinDesk BPI (Bitcoin Price Index)

26. Bitcoin Price Indices
● CoinDesk BPI
● TradeBlock XBX
● BitcoinAverage
● WinkDex

27. What Does The
Future Look
Like?

28. It’s All About Liquidity

29. Future Prospects
● Business models for value transfer that exploit the
Bitcoin Blockchain will become prominent (Epiphyte,
Abra, Align Commerce)
● Private blockchains, such as the bank trials, will
begin to realize that the unparalleled security of the
Bitcoin Blockchain is critical to their success

30. Impact on Bitcoin Exchanges
● More distinct lines drawn between leading global
exchanges versus local/regional exchanges
● Sophisticated operators enter the space expanding
the product offering to include various derivatives,
such as futures, options, and swaps
● Evolution towards a collateralized broker/member
model to better manage counterparty risk

31. Primary Regulatory Issues
● Are current money service business regulations
satisfactory for exchange operators?
● Should there be a difference in treatment between
custodial and non-custodial wallets?
● It is essential to make your jurisdiction attractive as a
digital technology center.

32. The Future

33. Thank You!
Twitter: @jonmatonis