CRYPTONAIRE
WEEKLY CRYPTO investment journal
THE FUTURE GROWING TRENDS OF CRYPTO EXCHANGES IN 2021
Crypto exchanges in 2021 function as portals that individual traders can use for trading Bitcoin, Ripple, Ethereum, and a wide range of other cryptocurrencies. In many ways, they act as vehicles that facilitate the wide adoption of digital currencies in the future. As far as the crypto market size is concerned, it stood at USD 1.03 billion in 2019 and will likely reach 1.40 billion USD in 2024, thereby growing at 6.18% CAGR. As for crypto exchanges, after the launch of Mt. Gox’s exchange in 2010, they have been growing, thriving, and evolving, adding a range of services, crypto pairs as well as functionality in the process. Given the current pace at which the crypto exchanges, such as Bityard and others have been emerging, it wouldn’t be surprising if the market witnesses the continued growth of these digital exchanges even in 2021 and beyond. Soon crypto traders will see major crypto exchanges announcing a host of fresh features and platforms that will help them in diversifying their service offerings and attract new customers.
DISCOVER THE FUTURE GROWTH TRENDS OF THE CRYPTO EXCHANGES IN 2021 From a slow beginning in October in 2008, the crypto exchange segment has grown and matured beyond expectation. Over the next few years, crypto traders may witness the leading exchanges like Bityard, functioning more like a fully evolved ecosystem, while consolidation in the crypto market will imply that only those exchanges, which are prominent and deliver best-in-class services shall remain. Cryptonaire Weekly | January 12th 2021
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