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Four New Members of the Cryptocurrency Exchange Landscape
South Korean game developer Axia Soft Co. Ltd recently launched the Coinbit digital currency exchange. From the beginning of the opening to the end of May, no transaction commission.
Coinbit initially listed 50 types of currencies (including BTC, Ethereum, Ripple, bitcoin cash, ethereum classic, Litecoin, etc.), and it is expected to increase to more than 100 types by the end of the year.
Jibex, a digital currency exchange in Thailand, has recently opened. Technical support is provided by IT company JIB Computer Group Co., Ltd. JIB is a reseller and seller of computer hardware and IT trade products with 150 stores nationwide.
The Jibex exchange initially supports 5 cryptocurrencies (Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple), and provides digital wallets that support these 5 cryptocurrencies. The Jibex exchange is offering digital currency investors a 0.24% commission, with no transaction fees for 45 days from the business launch date (as of June 26).
Kenninex digital currency exchange recently launched in Vietnam, headquartered in Ho Chi Minh City. According to the website, the exchange is Vietnams first real-time cryptocurrency exchange... and the first digital currency exchange in Vietnam to have a trading experience office where investors can conduct trading experience operations. , and will get some investment advice.”
On the Kenninex exchange, digital currency investors can exchange between BTC, ETH and VND. It is reported that the transaction fee of the exchange is 0.2% in the first month of operation, and will be adjusted to 0.4% after that.
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Crowded digital currency exchange track
Chain tower think tankChain tower think tankdata, currentlyThe global encrypted digital currency market value has exceeded 2.5 trillion yuan, the single-day transaction volume has exceeded 200 billion yuan, and the number of digital currency investors has exceeded 30 million.
In the entire digital currency industry chain, the digital currency exchange is the most profitable link. Regardless of the ups and downs of the currency price, the exchange is almost guaranteed to make a profit.According to recent data from howmuch.netIt shows that the average daily profit of the top five exchanges by trading volume exceeds US$1 million, of which Binance’s single-day profit reached US$3.42 million.
non trumpetnon trumpetCombined with the data of 234 digital currency exchanges of Feixiaohao on May 10, the number of digital currency trading platforms is increasing at an average rate of 1.75 per day, and the monthly growth rate is about 22.4%.
Combined with the data of 234 digital currency exchanges of Feixiaohao on May 10, the number of digital currency trading platforms is increasing at an average rate of 1.75 per day, and the monthly growth rate is about 22.4%.
The exchange is an oligopoly market,Nearly 80% of digital assets are gathered on the top 20% of digital currency trading platforms.With the entry of new users, the head effect will become more and more obvious.
In addition, the disadvantages of existing digital currency exchanges are also being highlighted. For example, the high-risk issues hidden behind high-leverage contracts, the narrowing of the survival space of cryptocurrency exchanges that play skimming the ball in the cracks of supervision, the accumulation of dissatisfaction with the exchanges privilege of being both a referee and an athlete, hackers using technology Combining financial means to manipulate profit-making behaviors has emerged...
but,
but,Decentralized digital currency exchanges are still in their infancy, with a large market space, and may subvert existing exchanges through decentralized technical means.
In February of this year, Bitfinex, the worlds largest digital currency exchange, announced that it will launch a decentralized encrypted digital currency exchange based on the Eos.io platform Eosfinex, will become the first digital currency exchange based on the decentralized application of Eos.io. In March, Binance also began to lay out decentralized exchanges, announcing the launch of Binance Chain to develop a bottom layer for decentralized exchanges public chain.
The vision of a decentralized digital currency exchange is full, but it does not mean that the time is ripe for its emergence. Zhu Weiyu, founding partner of NGC, previously told Caijing,
Decentralized exchanges are a trend. But in the short term, centralized exchanges will not be disrupted immediately.
Bai Shuo, former chief engineer of Shanghai Stock Exchange and head of ChinaLedger Technical Committee, believes that
It is still relatively difficult for decentralized exchanges to solve efficiency problems and achieve large-scale pricing. It will take a period of time to observe.
The regulatory run-in period and the market incubation period are all links that cannot be skipped in the development of new things. In the future, the existing digital currency exchange platform may be subverted. It also requires the joint development of supervision, technology, and business models and the connection in an appropriate way. It may form a completely decentralized digital currency exchange, or it may be centralized and integrated. Some form of decentralized integration exists.
