Topic: While Major Crypto Exchanges Flourish, Minor Platforms Struggle in Bear Market (Read 126 times)
October 11, 2018, 07:32:21 AM
It is interesting how most of the exchanges have a business that does not depend on the massive growth of prices, so they are kind of an "stable coin", but yeah, the small ones rarely have a strategy.
October 11, 2018, 03:05:40 AM
This week, the UK’s oldest exchange, Coinfloor, has slashed the number of its employees after recording a decline in its revenues as a consequence of the drop in daily trading volume of major cryptocurrencies and the emergence of many cryptocurrency exchanges in the local market.
I would say the big exchanges know what it takes to be able to retain their user which is something that is extremely needed in this space and what has made competitions between exchanges to be very strong. No new investor actually want to be using a small exchange and unless the exchange have something pretty much huge than what is already on ground, I would rather go for a more reputable one than a new exchange. It takes a lot to be running an exchange these days, and you will also need to be able to keep your game up high otherwise it would be hard to survive.Small exchanges are not bad, they have the ability to absorb some investors, at least new investors, and early investors will not participate in these new exchanges.
Yeah, small exchanges may be good and equally, the more the exchanges we get to have the better for the competition within the space when it comes to exchange. Now, it is that competition that keeps separating the big ones from the small ones and apparently, there is no one that would not want something unique in an exchange and as the space is growing every single day, so are exchanges also trying as much as possible to step up on their feet to increase their revenue. With this in play, any small exchange that cannot keep up to the game will be left out which is one of the reasons why I said it is good for the space to be able to keep seeing multiple quality exchanges as time goes on. October 09, 2018, 05:50:17 AM
bear or bull market doesn't make much of a difference for small exchange platforms as they are not doing things right! otherwise these exchanges are making profit from fees and fees come from trading volume. in a bull market trading volume is as high as in a bear market. in other words as long as price is changing (whether rising or falling) there is someone selling and another one buying and the exchange is taking a % fee from each of them.
they problem is that they can't get enough volume or in other words enough traders to trust their platform to take their money there.
ps: this is another shitty article by CCN.com by the way!
they problem is that they can't get enough volume or in other words enough traders to trust their platform to take their money there.
ps: this is another shitty article by CCN.com by the way!
October 09, 2018, 03:29:43 AM
Small exchanges are not bad, they have the ability to absorb some investors, at least new investors, and early investors will not participate in these new exchanges.
October 08, 2018, 08:49:25 PM
The world’s largest crypto brokerage Coinbase is reportedly close to finalizing a $500 million funding round at a valuation of $8 billion, and Binance has started to become more active in the investment sector, funding blockchain startups internationally.
While major cryptocurrency exchanges like Coinbase, Binance, and BitMEX are seeing their businesses flourish with lucrative business models and high profit margins, minor exchanges are struggling in the bear market.
This week, the UK’s oldest exchange, Coinfloor, has slashed the number of its employees after recording a decline in its revenues as a consequence of the drop in daily trading volume of major cryptocurrencies and the emergence of many cryptocurrency exchanges in the local market.
https://www.ccn.com/while-major-crypto-exchanges-flourish-minor-platforms-struggle-in-bear-market/
While major cryptocurrency exchanges like Coinbase, Binance, and BitMEX are seeing their businesses flourish with lucrative business models and high profit margins, minor exchanges are struggling in the bear market.
This week, the UK’s oldest exchange, Coinfloor, has slashed the number of its employees after recording a decline in its revenues as a consequence of the drop in daily trading volume of major cryptocurrencies and the emergence of many cryptocurrency exchanges in the local market.
https://www.ccn.com/while-major-crypto-exchanges-flourish-minor-platforms-struggle-in-bear-market/
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