Cryptomonnaies: round-up du marché des plateformes d’échange

exchange platform market round-up

ITen years ago, only tech-savvy, privacy-conscious people who were skeptical of centralized banking systems were interested in cryptocurrencies. Today, this asset class is considered a goldmine for insider investors. Despite the many fears and uncertainties that initially surrounded digital assets, cryptocurrencies have become a global concern, attracting retail traders and institutional investors from around the world.

Born thanks to blockchain technology, these digital currencies are scattered on more than 400 exchanges, according to the latest data from CoinMarketCap, a price tracking site for cryptos. The latter lists Binance, Coinbase and FTX as the major exchanges by volume in the world.

“There is no crypto exchange that is best for every user”says Tyrone Ross, financial advisor and CEO of Onramp Invest, a crypto investment platform. “This diversity helps to assess your own crypto interests and find a suitable trading space that matches your goals”he adds.

On the revenue side, the global market stood at $329.4 million in 2021 and is expected to reach a value of $674.9 million in 2028, says Vantage Market Research in a recent survey. Even if some cryptos are better known than others, we think in particular of Bitcoin,Ethereum or even at Dogecoin, you should know that there are more than 19,800 cryptoassets, for a value of 958 billion dollars. Today, according to specialists, Binance is the platform that offers the largest number of digital assets.

In addition to the fact that many cryptocurrencies are available, Binance has the advantage of offering different trading pairs for several assets. On the FTX side, the platform has several advantages, including transparency regarding fees (dedicated page on the site), different crypto derivatives markets and a Visa card in preparation. The number of people using smartphones reached almost 5.3 billion in July 2021, or 67% of the world’s population. According to Vantage, “The growing adoption of mobile globally is one of the major reasons for the growth of the market.”

As a result, users can access without firing a shot trading platforms. To adequately meet the needs of their customers, such as supported assets, payment methods, fees, and security, several providers are focusing more on delivering state-of-the-art mobile service. Thus, users/investors can use the mobile versions of their platform of choice to buy and sell crypto tokens. In fact, the gradual number of users has had a significant impact on the growth of the industry.

According Crypto. comthe total number of crypto users worldwide reached 221 million in June 2022. Increased acceptance of payment apps like PayPal, Skrill and the famous decentralized exchange peer to peer (P2P) have made these assets more accessible than ever. Moreover, the purchase of Bitcoin by large listed companies like Tesla, Square demonstrates a high level of confidence in the appreciation of the currency.

“In the media, we hear a lot about Bitcoin price, trading volumes, and when BTC might hit $100,000. But the truth is, it doesn’t reliably represent the biggest developments that are happening with blockchain.”, reads a post from Blockdata, a cryptocurrency data provider. In the end, it is anything but simple to find a good crypto platform for your exchanges. The multitude of cryptoassets supported by the platforms, the mobile presence or the fees applied remain the determining factors in the choice of users/investors.

#exchange #platform #market #roundup

Leave a Comment

Your email address will not be published.