Cryptocurrencies could be worth $1 trillion in 2018, CEO says

The total value of all cryptocurrencies in the world will hit $1 trillion in 2018, the CEO of one of the world's largest digital wallet platforms told CNBC Monday.

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There are over 1,300 cryptocurrencies in the world such as bitcoin and ether with the total market capitalization totaling over $587 billion, according to data from industry website Coinmarketcap.com. Market cap refers to the total value of all of the digital coins in circulation.

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