Overview

A cryptocurrency exchange is simply a platform where you can buy sell or exchange one cryptocurrency for another or fiat currency. A cryptocurrency is usually the first point of participation for people that want to trade/invest in cryptocurrencies.

The cryptocurrency market seems to be growing in popularity every day. With the astronomical rise of cryptocurrencies like Bitcoin and Ethereum, there seems to be an influx of people into the market. Many cryptocurrency exchanges cannot even afford to have their account creation feature open all the time. Such is the demand for entry into the market that trading account creation for new customers is periodically disabled.

The average daily trading volume of the market is usually in trillions of dollars. The total market cap of the entire market stands at more than half a trillion dollars which is an astonishing feat considering the market is less than a decade old.

The biggest challenges facing cryptocurrency exchanges with insights on how they can solve the problem to encourage increased participation.

Current Market Problems

The following are some of the major problems in the cryptocurrency market :

Trading Fees
On average, the top 30 cryptocurrency exchanges charge 0.1 - 0.2% trading fees for both makers and takers, which impact traders’ profit margins significantly. Although many exchanges advertise low trading fees, these reduced rates only apply once a trader’s volume has reached a very high threshold.
Asset Security
Asset security is a major concern. Digital asset trading platforms hold large amounts of cryptocurrency deposits, making them unavoidably the target of hackers.
Trading Volume
One of the biggest cryptocurrency exchanges, Kraken, was recently down for more than two days, causing clients to panic. Some users are losing confidence in first-wave exchanges and are hesitant to make large deposits, which depletes liquidity on both sides.
Fiat
Due to the lack of a formal framework and high barrier to entry, most cryptocurrency exchanges lack fiat support. It's often necessary to first move BTC into a mainstream exchange with better liquidity and that supports BTC-(to fiat trading), and then make a fiat deposit or withdrawal via SEPA/Wire Transfer.
Client Support
For most exchanges, customer service is an afterthought. Their customer service model is focused on resolving issues instead of serving users. Response times are painfully slow, and some exchanges don’t respond to written or telephone inquiries at all.
Technology
Due to rate-limited trading APIs, non-real-time transaction confirmations, and delayed order book updates, it is currently exceptionally challenging, if not impossible, to monetize trading strategies that require the simultaneous execution of many trades (e.g., algorithmic trading, scalping, market making).

ETERBASE Solutions

ETERBASE is the first regulation-compliant European cryptocurrency exchange, offering fast, secure trading on a clean, powerful, user interface.

By combining the financial and currency exchange industries, ETERBASE has identified best practices from existing exchanges and eliminated current problems to set the best standards for exchanging digital assets.

ETERBASE User Interface

The ETERBASE user interface allows traders to access various advanced features with just one click.

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The ETERBASE exchange environment features an intuitive trading interface for placing buy/sell orders and a native set of technical analysis tools. The interface system is designed to be highly functional and aesthetically appealing.

Sub Accounts
To provide a high level of manageability across a range of digital assets for professional and institutional traders, ETERBASE will implement a system to manage multiple sub accounts.
Social Trading
Social trading creates a uniquely engaging trading experience by allowing the possibility of following and interacting with top traders and market leaders.

ETERBASE Features

In addition to the features of the European premier digital asset exchange above, ETERBASE also offers the following features :

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