Quote from: juwon55 on November 06, 2018, 01:31:21 PM

Is cryptocurrency dead? As long as cryptocurrencies exist, there will always be platforms to exchange/trade crypto. If youre referring to start-ups exchanges, they may be facing serious challenges which maybe threatening to their existence. One of the problems the cryptospace is facing is copy and paste and repetition of projects with different names, innovation and creativity is fading out in the space.

Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace, why cant other cryptocurrency exchange start-ups follow suit?

1. Lack of funds
2. The market has already been saturated
3. No original ideas

The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.

One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.

At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.

This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.

Its a normal thing for new exchanges to face difficult times, but with time they will always get better if they are legit, cause the scammers will always drop out with what they have gotten from investors. But this doesnt mean that it is over for every exchanger in the crypto market, cause a lot of them are doing just fine, especially the ones that have been around for long. And I think new exchangers only faces challenges if they didnt plan very well before starting.

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