The cryptocurrency exchanges are among the main elements that make up the cryptocurrency ecosystem. The exchanges allow the conversion of cryptocurrencies into Fiat money and encryption in encryption, among others. There are many exchanges out there ranging from coinbase, local bitcoin to Huobi and others. Here we have compiled some of the exchanges that will surprise you this year in terms of performance.
Exchange of twins
Gemini Exchange is under the Gemini Trust Company, LLC in the United States. It is a digital currency exchange and a custodian that allows users to buy, sell and store a variety of digital assets. Supporters of Bitcoin and the first investors, the Winklevoss twins have found the exchange. The founders Cameron Winklevoss and Tyler Winklevoss are serial investors in many successful Internet companies including HarvardConnect.
The founders of Gemini say that the cryptocurrency should be regulated to attract the large institutional investors they wanted. The exchange has its own native cryptocurrency, the Gemini Dollar. Gemini states that the Gemini dollar directly binds to the USD. This means that the cryptocurrency can reach stability almost as much as USD. The exchange is among the first applicants for licensure for Bitcoin futures trading.
Gemini gained public attention when he occasionally appeared at various information points during his bid to obtain a license for futures trading on Bitcoin. Given the history of the Winklevoss twins, Gemini is certainly an exchange to watch this year.
The different hack catastrophe in the cryptocurrency trade has led some of the industry players to turn to a safer decentralized approach. Changelly is one of the most popular decentralized exchanges, which is already operational. Changelly has a very easy-to-use user interface and summarizes the prices of different digital resources.
This exchange has a remarkably convenient transaction fee with an open-price model. Currently the exchange charges 0.5% on each transaction as a transaction fee. Another interesting aspect of the tariffs is that it is constant for all digital resources on the platform. The platform incorporates merchant APIs to allow the exchange of cryptocurrencies via an easy-to-use widget.
Furthermore, the change is really very fast in terms of processing transactions with average transaction speeds, ranging from a few seconds to 3 minutes. Changelly is among the few big exchanges that do not require identity verification before trading on the platform.
Shapeshift is among the list of the most popular decentralized exchanges on the planet. The exchange allows trading even to unverified users from anywhere in the world. However, at the moment, the platform has surrendered to the SEC regulations, which ensured the application of a very strict KYC policy. The platform is useful from anywhere in the world, with the exception of North Korea and the State of New York.
Shapeshift does not facilitate exchanges of fiat money. The exchange exchanges only one cryptocurrency with another in a peer-to-peer setting. The platform allows users to choose between basic quick exchanges or more precise exchanges. The list of coins available for exchange on the platform varies weekly with changes in liquidity. However, all popular stable cryptocurrencies on the market retain their positions in the exchange.
OpenLedger Dex [Bitshares]
The blockchain company OpenLedger has developed its own Bitshares of decentralized exchange. BitShares boasts of many fantastic features on its platform. Recently the platform has published that it is able to manage the trading volume of the NASDAQ while it sets the orders within a few seconds from the sending.
OpenLedger hosts another decentralized exchange based on the BitShares blockchain. OpenLedger allows users to use SmartCoins to withdraw cash directly using OpenLedger's all-in-one debit card. The platform also supports money transfers via Ripple and promises to add PayPal options soon. This implies that users of OpenLedger use cryptocurrency in the same way as fiat money.
Altcoin.io is a decentralized cryptocurrency exchange powered by Atomic Swaps. Although it is still officially launched this year, Altcoin.io currently allows users to register on the platform and get the atomic trading portfolio. Altcoin.io also allows anyone who wishes to set up their own cryptocurrency to do so using their design capabilities.
Most exchanges of existing cryptocurrencies are centralized. However, recent reports have revealed that centralized exchanges are more susceptible to malicious attacks than their decentralized counterparts. In 2019, many consolidated exchanges will spend in decentralized ways to keep pace with changes in the sector.
In this list, we have shared the list of the first five cryptocurrency exchanges that we think will create this year. No part of this publication is for advertising, the article is strictly informative. Again, we recommend users to search for an exchange before registering. Some exchanges are scams and others sometimes do not survive at the end of the occasions.
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