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Guess what? Reviews on cryptocurrency exchange are useful again!

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Guess what? Reviews on cryptocurrency exchange are useful again!

Reviews on cryptocurrency exchanges have gone from being non-existent, to being filled with CPM-triggering banners, to now – actually being useful. To being something that every interested cryptocurrency investor should read before investing somewhere. This article will describe the development.

Back when the first cryptocurrency exchanges opened up shop, in 2011, there were no competition on the market. As the cryptocurrency exchanges essentially provided a then unique service (buying/selling crypto), there was no need for them to have competitive consumer friendly trading fees. The people using the services should just be happy about the services existing at all! As there were no real competition on the market, there weren’t that many reviews either. The main purpose reviews is to compare the item of review with another item, to see which item is the right for you. If there aren’t any other items for you to choose from, then why should anyone else bother preparing a review?

Eventually, the cryptocurrency market expanded a bit and so did the cryptocurrency exchanges. Between 2011-2014, numerous new exchanges opened up shop. Mt. Gox was the biggest one until February 2014. Actually, as much as 65% of the Bitcoin trading around the world took place at this single cryptocurrency exchange. Now, as there were more cryptocurrency exchanges, there was a greater need for comparisons. Mt. Gox charged 0.60% as flat fees for trading (there was definitely some room for improvement there). New exchanges entered the market with lower trading fees and suddenly a need for cryptocurrency exchange reviews had arisen. Problem at this time however, was that many of the reviewing sites focused more on driving traffic to their banners in order to make advertising money, than what they focused on providing valuable content to its visitors/readers. There are a few review sites that still have banner traffic as their main ambition. Take a look at this site for instance:

Banners everywhere…

But every market must evolve, and so also the market of providing unbiased independent information to prospective cryptocurrency investors searching for the right cryptocurrency exchange.

So, today, the review sites are generally much more sophisticated. They are actually more about what they should be – providing guidance and help to the people in need of the review: cryptocurrency traders. Also, as the cryptocurrency exchange market has become much more competitive, there is a race to the bottom between cryptocurrency exchanges. Each exchange offering lower trading fees than the other, all in order to entice customers.

The best review sites address the things most important to readers, such as trading fees, deposit methods, available cryptocurrencies, security etc. The current industry leader when it comes to cryptocurrency exchanges and reviews of them is the company Cryptowisser.

On cryptowisser.com, they operate the world’s largest list of cryptocurrency exchanges, listing more than 400 exchanges with individual well-written reviews for each and every one of them.

A few of their reviews that you can access through the hyperlinks below are the:

Bittrex review; the

Changelly review; the

Binance review; and the

Bitsane review.

Needless to say, the review culture has come a long way since 2011 and now really serves a purpose – to help, guide and warn cryptocurrency traders in their choice of cryptocurrency exchange.

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Cryptocurrency

Tron (TRX) Finds its Way Back to the Top Ten List

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Tron CEO Justin Sun, known for his flair for publicity and announcement of any achievement on his network announced in a tweet that Tron has made its way back to the list of top ten performing cryptos. TRX’s performance has been outstanding since the second quarter of 2019 both in its level of development and features.

According to the Coinmarketcap.com index at the time of writing, the trend curve shows Tron is moving higher than most other coins including Bitcoin (BTC) and Ethereum (ETH). It currently trades at $0.039 increasing at 6.18% in 24 hours at a market cap of $2.6 billion.

A few days ago, Tron (TRX) had a new surge in price which saw it to the $0.04 trading price. This new rate has been retained seeing the digital asset performing higher than most other cryptos.

Looking at the recent happenings that have created a boost in Tron (TRX) performance; it can be easily seen that though the network has recorded few partnerships with other companies, more of what pushes up its performance is the volume of activities on the platform.

A report from Dapp.com states that Tron is the most ambitious project in the Dapp field. In the second quarter of the year, it has been able to launch $2 million projects more than other blockchain protocols in upgrading its Dapp ecosystem.

A review of TRX performance reveals that in a space of four months, the transaction volume increased from less than 130,000 transactions to  2 million transactions.

Investors may still not be so willing to stake much on this digital asset even with every sign of high returns, because the trend in activity can change any time.

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Cryptocurrency

World’s Largest Interdealer Broker to Offer Crypto Derivatives

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Why Bitcoin Is Better Than Other Cryptocurrencies

TP ICAP has entered the crypto market where it is to offer crypto derivatives, hoping to boost its dwindling core business which is in commodity, financial and energy markets. Last year, TP ICAP lost 36% of its market value in the wake of the financial crisis.

It has since salvaged about 10%. TP ICAP is set to be the intermediary between customers wanting to buy and sell Bitcoin futures, Bloomberg reports.

The firm’s new venture will be based in London and will be led by Simon Foster and Duncan Trenholme. This move is however not sudden as it might seem. Roughly a year ago, TP launched a working group tasked with examining the firm’s best approach to cryptocurrency.

Notably, a year later, they announce their approach to crypto to be trading of Bitcoin futures and they envision adding non-deliverable forwards (NDFs) tied to Bitcoin.

This is a sweet spot for the firm as it joins other big players such as Fidelity Investments, JP Morgan, and Intercontinental Exchange to engage in crypto derivatives trade. These firms’ decision to engage in Bitcoin, derivatives trade is unlike their clients’ who prefer to not trade in cryptocurrencies that are still recovering from the infamous yearlong slump.

Bakkt, a much-anticipated crypto trading platform known for its multiple delayed times is set to launch its own physically settled Bitcoin futures trading testing on July 22. Additionally, Nasdaq is set to launch its own crypto futures platform during the course of this year.

“Every institution is on an educational journey,” said Trenholme, who is co-leading TP ICAP’s new venture. “Many are exploring how tokens can legitimately be traded or stored and I’d expect more projects to hit the market over the next year or two.”

TP ICAP is also exploring other digital asset offerings. The firm is thinking about participating in the actual cryptocurrency market. “We want to be close to what’s happening within this nascent asset class because we believe it’s important to invest in the early stages of a growing market,” said Simon Foster.

“TP ICAP also understands that this technology could disrupt or impact other asset classes where we currently operate, so we feel it’s important to be informed.”

This venture will entail cash-settled futures contracts trading on a regulated market which will be managed by CME Group to avoid potential risks of fraud and market manipulation. Their clients will also have to undergo rigorous anti-money laundering and identity checks.

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