The growing number of crypto-exchanges and the effect of the factor on the cryptocurrency market

The growing number of crypto-exchanges and the effect of the factor on the cryptocurrency market

Recently the cryptocurrency exchanges, dealing with the exchange of Bitcoin, there were several. It now reposed Mt Gox and several competitors like BTC-e and Bitstamp. Over time, peer-to-peer Localbitcoins, and a few years later the list expanded to include several hundred titles, not counting local, which does not even know Coinmarketcap.

Local exchanges covering larger regions (AXC – Australia, Einstein – Canada, Golix – Africa) are gaining popularity, taking into account the characteristics of the markets. There are more P2P sites, not to mention secret crypto darknet platforms.

And well, that exchange was a lot? Illustrative example a sudden close of the exchange, demonstrates that more is indeed better. At least in the security market. Even if I disappear exchange Binance, the market will suffer, but not collapse. Although it is 18% of all global transactions to the crypt.

Newcomers appear, providing services or providing technical support around the clock. These include successful project Ezexchange. Convenient, considering the number of time zones.ezexchange обзор криптовалютной биржи

Success now depends largely on the ability to offer clients something no competitor. The first role come the speed, security, and not just the regular addition of new coins. Arbitration cryptocurrency traders keep track of these details when selecting.

What will happen to new players when the next crisis? Likely to survive his unit. The rest will have to close or freeze the trading activity until better times.

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