Bcnex has a great marketing. They have promotions every day. And volume on Bcnex is huge in first month. And this (at least mostly) real volume, as traffic to their site is huge as well. may be this will be new Binance.
But on Beaxy volume is 13k per 24h. They dont have any marketing.
Agreed, Beaxy dont have any marketing.
For fueled rapid growth, maybe it's time for Beaxy to look for a strategic partner specializing in marketing.
Like Bcnex and Kucoin who partnership with CoinAds
Beaxy is currently lacking liquidity and for me this exchange has officially ended. Very few investors are trading here and everything has changed since a few months ago. Currently any exchange is experiencing the same situation and if don't improve the trading volume soon, I will never deposit at this exchange because the risk is great and will affect profits if choose to invest here.
yeah, there are only few trading pairs, currently 17 pairs only and the trading volume is only over $20k, .. $100K would be good but they dropped now.
I keep checking on the status and its price on a regular basis, but still there's no improvement yet. (
https://coinmarketcap.com/exchanges/beaxy/)
waiting for the altcoins season, maybe it will pump a bit.
In addition Beaxy, many other exchanges also lack liquidity so it will greatly affect investors. Now is not a good choice to deposit money on this exchange because the risk is huge. I advise everyone to temporarily stay away from this trade and wait for the market to recover. Currently you should only participate in major exchanges like Kucoin, Huobi, Okex because these are good options for investors.
The trading volume and liquidity at Beaxy are almost nonexistent so this exchange will not be trusted for a long time.