2018 was not easy for all participants in the cryptocurrency market, but the worst of all had, perhaps, cryptocurrency exchanges. The main earnings of the stock exchange Commission with trade operations and the fee for listing. With the stagnating market, the low quality of projects and sad moods on the market will survive only the strongest. Today we will tell about the trends of the exchange market and important factors that should be taken into account to remain afloat.
The first and, perhaps, the key trend can be considered tightening competition between the stock exchanges. Today, all exchanges without exception are trying to maintain trading volumes and cover most of the market. The coinmarketcap resource in his research recently noted that in 2018 he received more applications for adding new stock exchanges than to add new cryptocurrency.
Against the background of the closure and bankruptcy reports of small stock exchanges (Ukrainian Liqui, English Cubits), Japanese giant companies began to buy shopping cryptocurrency platforms that have been hacking to secure the entrance to the cryptomic. For example,
Trend-related trend tightening can be considered the active localization of the stock exchange: Huobi launches Huobi Russia, however, the Russian ruble does not plan to add the Russian ruble,
Although analyst and forecasts on access to futures are already tired of absolutely everyone, it will probably become the most important event in the industry. Like never before, the market is waiting for the launch of the platform
The new York Stock Exchange (NYSE) operator in the partnership with Microsoft, Starbucks and BCG is engaged in creating Bakkt.
There are other enthusiasts on the topic — a number of large firms with Wall Street are going to start the exchange — Erisx, which provides access to physical delivery futures not only Bitcoin, like Bakkt, but also other cryptocurrency: Ethereum, Bitcoin Cash and Litecoin.
Despite the fact that deanonymization, personification and regulation is completely contrary to the very idea of cryptocurrency, the fourth trend will be tightening
In the Russian market, perhaps, the main exciting event was a criminal case against the WEX Cryptovaya Exchange General Director, Dmitry Vasilyeva. In Korea, only 7 cryptocurrency exchanges were audited by the government (out of 38), and the leaders of the KOMID exchange received prison terms for falsifying trading volumes of $ 45 million. Leader: general director of Romanian cryptobiri Coinflux Vlad Nistor detained at the request of the US Department of Justice on charges of fraud, cyber crime, money laundering and extortion.
All exchanges relate to regulation in different ways: Kraken stated that the control of the authorities restrains the development of cryptocurrency business. CEX and OKEX introduced mandatory verification to meet the «fifth directive to combat money laundering» of the European Union (EU), the laws of «knowing their client» and «countering money laundering» (KYC / AML). The most active traders are now required to verify verification on localbitcoins, and the owner of the Legacy accounts are required to go through the KYC procedure on POLONIEX.
Some Exchanges in such conditions are generally trying to rear in flight: the decentralized Idex exchange suddenly recognizes itself a non-dischanged, introduces forced verification for users and blocking users from Syria, Crimea, Washington and Cuba. As a reason for establishing mandatory KYC procedures, the stock exchange refers to a statement by a member of the Commission on Commodity Futures (CFTC) Brian Kvintens that developers can be held accountable for illegal operations carried out by third parties with the help of smart contracts written by them.
Safety of stock exchange and wallets in 2018 provided hackers
Gibraltar Blockchain Exchange (GBX) and Gemini insured the assets on the online and offline wallets of the Exchange. CoinBase has confirmed information on the recent movement of cryptoacivis on $ 5 billion to the updated repository. The Bithumb and UPBit South Korean Exchange received a certificate for the information security management system (ISMS) from the Korean Internet and Security Agency (KISA). BINANCE has entered into a partnership with Certik, offering security services for various blocks.
The interest of the IPO market was the curious fact (a few years ago most market participants criticized the IPO as an outdated and too complex way to attract investment).
A peculiar reverse IPO decided to hold an ExMO cryptocurrency Stock: Canadian public company GovernmentMedia Plus Canada Corp. Received exclusive rights to negotiate the purchase of the exchange for 180 days. If the transaction takes place, the combined company will continue to conduct business under the EXMO brand and will be quoted on the Canadian Stock Exchange (CSE).
Blockchain Exchange Alliance (BXA), BTHMB Holding, Bithumb Cryptobrier Operator, and the American Public Public Company Blockchain Industries (BCII) has signed an agreement on intent for reverse fusion. The Kraken Exchange is considering the possibility of private placement of securities, which letter informed its largest clients. Accommodation will be held when evaluating the company in $ 4 billion.
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