Price Drop Affects Cryptocurrency Exchanges
The cryptocurrency price in 2017 has seen some serious profits and grown to a historic peak. With the dawn of 2018, the market has drastically lost its peak and crashed to the lowest point of all time. The masses are still counting huge losses. This radical change has left the masses to question the volatility and its trust in the market.
According to the report by Bloomberg, it is estimated that the top ten cryptocurrency firms were generating a revenue of $3 million only in fees per day. Before the historic crash, it was estimated to grow till $1 Billion by the end of 2018. The annual revenue, daily trading volume and the fees listed account for billions of dollars.
For instance, Coinbase, one of the top exchanges in the world, is reported to have raked over $1 billion in 2017. Now the price drop has affected the exchanges around the world. There are various factors at play here. The main being the fear of cybersecurity and loss of regulatory oversight. It has also seen a decline in the trade volume as investors move to greener pastures.
The extreme volatility of the cryptocurrencies has now added more weight for requirements of an exchange to trade with lowest fees. Therein came Bitstraq. Bitstraq aims to redefine, disrupt and transform cryptocurrency exchanges and acting as a bridge to connect blockchain technology and Artificial Intelligence.
With investors looking for alternative resources to invest and gain higher returns, cryptocurrencies are taking up the market’s spotlight.
Why Bitstraq?
Bitstraq exchange aims to tackle the roadblocks of the traditional exchanges and equipped to deal with the volatile market. Bitstraq exchange has notified the Maltese Regulator, the MFSA (Malta Financial Services Authority) that it intends to avail itself of the 12 month transitory period to apply for a Virtual Financial Assets (VFA) License as a Class 4 VFA Service Provider from the MFSA for its exchange. This license would allow the trading platform to initiate trading processes for its traders in a regulated manner.
Features of Bitstraq exchange
Multiple Fiat currencies support
Artificial Intelligence as Security Stronghold
Order matching engine
Listing and trading at the lowest cost
Margin and Spot trading
Conclusion
Bitstraq is gaining its stronghold as a unique and upcoming exchange that has the potential to become the one of the biggest security token exchange that protects traders without any apprehensions over currency value fluctuation.
Know more:
Website: https://bitstraq.io
Facebook : https://www.facebook.com/Bitstraq/
Twitter : https://twitter.com/bitstraq
Telegram : https://t.me/joinchat/JM0LDUqXZ5LO3kQGn_NAyw