The Rise of Exchanges
The Rise of Exchanges
Bloomberg has released a report recently that shows the massive amounts of money crypto exchanges are pulling in each day. The largest crypto exchanges are processing as much as $2 billion a day in trades every day. These figures might some absurdly large, but the trend is only showing a growth in these. CoinBase reports that it is still adding a good number of new users; it’s not as much as it was in Q3 2017, but the trajectory is still great.
Even if the market cap of crypto, according to some analysts, is heading towards a correction, more users are being pulled into the market and that means more trades are being made every day. Whether the market rises or falls, trades are being made. Even smart money is interested in the money exchanges are generating. Circle International Financial Ltd., which is funded by Goldman Sachs, recently purchased Poloniex for a staggering $400 million. Exchange token sales offer an opportunity to invest parallel to the big guys.
Exchanges function out of the internal spectrum of crypto. Think of the Texas oil run. As people speculated where the next oil well would be found and bought lands in those areas, the refineries simply stood aside and let the successful speculators use their service. Exchanges are the refineries of the crypto market. As traders speculate, exchanges provide services and make on-the-spot money. They benefit from the successful operations in the market, and they also benefit from the unsuccessful operations in the market—trades happen for both strong and weak tokens/coins.
Lots of Potential
The chart above shows the exponential growth in the price of the Binance Coin in roughly half a year. KuCoin Shares have also done quite well. Despite Binance taking up a much larger market share that KuCoin, the exchange remains quite strong.
The market for crypto exchanges is becoming more fertile, but there’s still a lot of room for new innovative improvements in this market. The gap between the ease of trading traditional investments and trading crypto is absurdly high. This means that even if investors missed the opportunity on KuCoin Shares or Binance coin, there’s plenty of upcoming opportunity as this market is far from mature.
A current opportunity is CoinMetro Tokens, which are the native currency of the CoinMetro exchange.
CoinMetro ITO
CoinMetro is a venture launched by the founders of FXPIG and its ITO is live right now. CoinMetro is offering some of the lowest exchange fees ever, investment management, advanced trading options, and much more (more details here).
While many of the opportunities to invest in the powerful returns exchanges have yielded, CoinMetro is one that is still available. At present, it’s market cap based on presently sold tokens sums close to Binance’s opening market cap. If the team can deliver the product they are promising, CoinMetro has a bright future ahead; the potential for XCM is no different.
Exchanges are a great opportunity in general as the amount of money moving along them is staggeringly high, especially given that crypto market is still novel to many. Here’s a look at the daily estimated volume on some existing exchanges, based on data derived from Coin Market Cap.
The numbers shown above are not transactional volumes on the exchanges; these are revenues. There’s a staggering amount of money in the exchange market, and CoinMetro will be the newest addition to the menu above. To have an opportunity reap the benefits that exchanges are enjoying in this market, there are two options: either build an exchange or invest in one. The latter is far, far easier.
🌐 Website: https://coinmetro.com/
💡 Whitepaper: https://coinmetro.com/whitepaper/
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2540667.0
💻 Telegram: https://t.me/CoinMetro
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CoinMetro Website: https://coinmetro.com/
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its really great news
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