Create your own exchange with a customizable cryptocurrency exchange script.

Posted by john smith on January 6th, 2020

The emergence of a countless number of cryptocurrencies together with their high progression rates has now made the market capitalization of crypto projects touch around 18 billion US Dollars.

With this faster developmental pace, the crypto industry has been attracting a wide range of potential investors across the globe towards its never-ending trading strategies. But to make such trades efficiently, the crypto users must go for the so-called trading exchanges available in the market.

Trading exchanges are nothing but the platforms that facilitate the buying and selling (trading) of cryptocurrencies on a large scale. With these exchanges, the users can exchange or trade their own digital/cryptocurrencies for some other currency types (fiat currencies) or assets as per their wish.

Any cryptocurrency trading exchange should be developed in such a way that it has to meet the fluctuating demands and requirements of the crypto community.

We all know that there seems considerable influence that the crypto exchanges have over the aspects like liquidity. Crypto exchanges too add more value to a blockchain project with no doubt.

But while we want to predict the future scope of any blockchain project, we have to analyze the fact that how far the number of feature-rich trading platforms determines the actual worth of a project.

A company that wishes to make blockchain investments should focus primarily on certain feasible use cases and their corresponding market values. At the start of the crypto era, blockchain speculation happened with the world-famous cryptocurrency bitcoin.

With greater price volatility that surged from 20 billion US Dollars into 200 billion US Dollars, bitcoin had surprised and impressed the crypto community all across the world.

Following bitcoin, a wide variety of crypto coins have been introduced daily in the market and this, in turn, gives rise to the development of a variety of ICO exchanges.

Though there is a greater buzz around ICO projects in today’s market on one side, there also exist some issues on the other side. One of the major challenges that have been declining the growth of ICO projects nowadays is the availability of scams/absence of trust. But today’s investor community is always looking for those platforms that promise an immense amount of trust.

To overcome this challenge, IEOs got emerged as safer alternatives to ICOs. Unlike the ICOs, IEOs operate in such a way that the tokens are issued to the investors via a partnering exchange. The IEO market blasted recently with funds of around 1.6 billion US Dollars. This has fueled the development of more and more IEO projects with outstanding business values.

The success rate of IEOs depends on certain aspects like exchange listing count, liquidity, token value, and business adherence. Among these, the two most crucial factors that are tied closely are the liquidity and exchange listing count. When the liquidity is higher, then there is a greater possibility for the project to get listed on more number of exchanges in the market for sure.

Some significant factors that are needed to be taken into account while accessing the chances for listing include the safety, compatibility and regulatory compliances.

Some of the examples of well-developed exchanges that support the trading of cryptocurrencies with all the above-mentioned factors include Binance, Bittrex, and Kucoin, and so on.

Conclusion:

No one can deny the fact that the blockchain projects stay beyond the hype at present with tremendous strategic business value.

Thanks to the innovative fundraising models IEOs for making us overcome the major ICO setback – liquidity!

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Source: Cryptocurrency Trading software