In short, trading platforms inject more strength "real money" into these currencies, just as in real markets.
Daily trading in these platforms affects the supply/demand and therefore affects the price significantly.
Perhaps the difference price between these platforms is one of the most important factors in the rise in the price of Bitcoin to 19000 dollars.
check ----> https://coinmarketcap.com/rankings/exchanges/reported/
For more read
1. Why bitcoin prices are different on each exchange
2. The factors that have the biggest impact on Bitcoin price
Topic: How do crypto exchange help a cryptocurrency? - page 4. (Read 1260 times)
I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
Crypto currency becomes tradeable in the exchanges where we can convert our crypto currency into one from another or to fiat as well,it may not bring any benefit to the core of the crypto currency but it gives the user to use his crypto in most convenient way.But now most of the crypto currencies were ought for the purpose of buying and selling so if there is no exchanges then people may not get this much interest into crypto currency,so it actually helps in the growth of crypto market.
I'm not familiar to the world of trading (even the traditional ones). Can someone explain how a crypto exchange (like Binance or Kraken) benefits a cryptocurrency?
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