The winter has come. At least in the world of . And it has shed a lot of victims, in particular among exchanges.
According to information from cryptowisser.com, the company maintaining listing more than 370 different exchanges, more than 10% of all exchanges that were up and running in March 2018 have now closed down their respective operations.
It makes perfect sense though. exchanges main sources of income are fees, listing fees and advertisement fees. In a bear market, less people want to trade and therefore the exchanges receive less income in fees. In a bear market, fewer ICO-projects are likely to succeed. As a result, fewer ICO-projects wants to list their coins/ at various exchanges and the exchanges receive less income in listing fees. Finally, the Google-search behaviour is also affected by the bear market. The searches for “” on Google dropped with more than 90% from December 2017 to December 2018. Accordingly, fewer people visit the exchange’s websites and consequently the exchanges earn less in advertising income (which is usually based on the number of impressions an advertising space receives).
So, all of the income sources for exchanges get slashed in this bear market and many exchanges therefore face certain death. Among the bear market’s victims, we have, inter alia: 247Exchange, Abucoins, Bitlio, Brighton Peak, Bter, Cfinex, Coinpit, CoinWinEx, EasyCoin.pl and Magnr. But there are also many others.
The increasing competition from decentralized exchanges or other “-to-” providers has also proven to be a thorn in the side for the non-decentralized exchanges out there. And they will most likely also continue to be just that.
But the good is this. Many exchanges have prepared themselves for the bear market situation and are very resilient. For a list of the world’s , visit cryptowisser.com. In their major exchange list, they provide an overview over all the different fees charged by the various exchanges, deposit methods, security scores and user scores etc. They also write thorough and detailed individual reviews on all exchanges. For instance, check out this to get a feel for how Cryptowisser’s reviews are prepared.
The exchange list is a really helpful tool in the still very opaque exchange environment!
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Published at Sun, 17 Mar 2019 12:19:22 +0000
