CoinDesk Presentation

CoinDesk.

Headquarters: Midtown Manhattan, New York City News: 10m monthly unique visitors Events: 4,000+ attended our 2017 Consensus and Invest conferences in New York City and San Francisco Data: Industry reference points including Bitcoin and Ether prices and Venture Capital and ICO databases Find out more at www.coindesk.com Follow us on Twitter: @CoinDesk

Current State of Blockchain Community.

16% Developers, 16% Executives, 8% Investors 4% Full-Time Blockchain, 16% Part-Time

46%

U.S. & Canada

2% work at Blockchain Technology Companies, 5% at Investment Services

36%

Europe

11% Accredited, 89% Unaccredited investors

7%

Asia

3%

Central & South America

2%

Africa

92% bought cryptocurrency in 2017, 68% in Q4, 51% in Q3, 34% in Q2, 24% in Q1

Male 97%

86% owned over 3 unique digital assets, 2% never owned

Female 3%

27% own $10k - $50k worth of cryptocurrency, 16% own $1k - $5k, 12% own $100k - $500k 94% check prices at least daily, 56% every day, 37% every hour, 5% a couple times a week

< 18 1%

18 – 25 9%

Data Sources: CoinDesk’s Q4 2017 Blockchain Sentiment Survey

26 – 35 39%

36 – 45 29%

46 - 55 15%

56 – 65 66+ 6% 2%

State of Blockchain 2017 Review | 2

Fringe goes mainstream.

What year did you start actively following cryptocurrencies?

100%

75%

50%

25%

0% 2010

2011

2012

2013

2014

Data Sources: Google Trends, CoinDesk, Autonomous NEXT, WSJ, CoinDeskâ&#x20AC;&#x2122;s Q4 2017 Blockchain Sentiment Survey

2015

2016

2017

State of Blockchain 2017 Review | 3

Fringe goes mainstream.

With the rise in popularity of cryptocurrencies in 2017, do you think the industry moved away from its cypherpunk roots?

No 31%

Yes 69%

Data Sources: Google Trends, CoinDesk, Autonomous NEXT, WSJ, CoinDeskâ&#x20AC;&#x2122;s Q4 2017 Blockchain Sentiment Survey

State of Blockchain 2017 Review | 4

Bitcoin’s price nearly hit $20k.

Dec. 17: Bitcoin nearly hits ATH of $20k

$20,000

Dec. 18: CME futures open Chart Title

20000

Dec. 28: South Korea crackdown on cryptocurrency trading Nov. 28: Bitcoin hits ATH of $10k

$15,000

15000

Oct. 24: Bitcoin Gold hard fork

$10,000

Nov. 8: SegWit2x postponed

Jan 30: Facebook bans crypto ads Dec. 10: Cboe futures open & crash website

Feb 13: Self regulatory body formed from UK crypto companies

Dec. 22: Coinbase temporarily halts trading

Mar 19: Trump sanctions Petro

10000

Oct. 12: Bitcoin hits ATH of $5k

Nov. 28:

$5,000

5000

Oct. 12: Jamie Dimon insults Bitcoin

$- 0

Oct. 31: CME & CBOE announce futures

Jan 11: Bitconnect gets 2nd cease-anddesist from US

Nov. 12: bitcoin’s hashrate falls below bitcoin cash’s for 1 day

Mar 12: Coinbase announces ERC20 token support

Feb 20: Venezuela launches Petro Feb 8: Binance suspends trading

Mar 26: Coinbase announces ERC20 token support

0

Oct-17

Nov-17

Dec-17

Jan-18

Data Sources: CoinDesk, bitcoin price page

Feb-18

Mar-18

State of Blockchain 2017 Review | 5

Beneath the hype, lies fundamentals. $20,000

$15,000

Block Size 1.10 0.83 0.55 0.28 0.00

$10,000

Transactions

$5,000

Trading Volume

400,000

$5bn

300,000

$4bn

200,000

$3bn

100,000

$1bn '-0

'-

Hashrate 11m 8m 6m 3m

$- 0 Oct-17

'-0

Nov-17 Data Sources: CoinDesk, bitcoin price page, CryptoCompare, Blockchain

Dec-17 State of Blockchain 2017 Review | 6