Slowly and steadily, Bitcoin and altcoins are getting attention from more investors all around the world.
And why not? These cryptocurrencies are time and again proving themselves to be a safe haven against government’s inflationary policies.
Despite a wildly volatile exchange rate (which saw bitcoin plummet below $5,000), cryptocurrencies like bitcoin seem like they'll be around for a bit longer to say the least. In fact, the cryptocurrency "industry" has a market cap of over $122 billion, according to CoinMarketCap.
That’s why some people are even securing cryptocurrencies as their retirement funds, while some are doing pure speculation with short-term trading (i.e. buy low, sell high).
CoinCasso Exchange is a Estonian based first licensed cryptocurrency exchange platform together with CCX & ATM's network shares own profit with its members. Its a hybrid between Cex and Dex .
THE PROBLEM
Cryptocurrency exchanges have been at the center of attention in the world of digital currencies throughout 2017 and 2018. While these exchanges benefit greatly from new people flooding into the crypto markets, they also suffer significant scaling-issues, both on the operational and technical side.
Over the years, digital thieves have stolen millions of dollars’ worth of cryptocurrency from various exchanges. The crypto market attracts a huge number of investors and everyone hopes to get the highest returns and it doesn’t bother anyone that once your crypto is stolen, you won’t get the refund, transactions and assets are not secured in any way, which makes investing in cryptocurrencies really hazardous. The largest crypto exchanges contain vast amounts of digital cash. These facts are really attractive for hackers.
Cryptocurrencies exchanges are the widest platform to buy and sell coins and although exchanges constantly evolve and improve, there are challenges ahead and problems to solve.
At the moment, crypto exchanges are the key entry point for new and existing users. If we want to trade, we mostly rely on centralized exchanges. However, more and more decentralized variants start to pop up — many of them using atomic swap technology. Waves-NG consensus protocol is as well something to keep an eye on.
Today more than 200 crypto-exchanges offer their services and this number is constantly growing, therefore, the fall or hacking of the one exchange will not lead to a drop in the market, as it could have been before, furthermore many countries are beginning to introduce regulatory requirements for crypto-exchanges, but still nobody is fully protected from the loss of their crypto assets, therefore, invest in reliable assets, diversify your portfolio and choose good crypto exchanges.
The number of cryptocurrencies and exchange platforms is increasing each year. Currently, there are 218 exchanges (according to coinmarketcap.com), compared to 70 exchanges 3.5 years ago.
This fragmentation in the crypto exchange market wasn’t initially a problem, as this development was in line with a significant influx in new retail and institutional investors joining the markets and providing liquidity. The entire market size has risen from a mere $90 Million in 2013 to a staggering $800 billion beginning of this year.
However, as crypto valuations are decreasing in the past months, so does the liquidity on (especially small) exchanges. A recent study reported that 36% of crypto traders are upset with the problem of liquidity on prevailing exchanges.
Liquidity is a vital element for any of the market. A lack thereof creates an imbalanced environment, and things go out of control. Due to the decreased liquidity, orders are not placed/executed on time and the doors are open for large holders to manipulate prices. Additionally, with a lack of liquidity, markets become more volatile and see more price slippages.
A secondary issue of reduced liquidity is that it puts the power into the hands of cryptocurrency exchanges with large liquidity. Some major exchanges now charge up to $1 million to get tokens listed, essentially selling liquidity to the token projects.
A simple Google search of the term in “Cryptocurrency exchange” gives more than 25 million results. This tells how much Cryptocurrency exchange continuously hit in the market.
In current days many peoples are crazy about the Cryptocurrency exchange business but they don’t know, what are the issues have occurred in Crypto exchange business. Now I tell some key challenges in Cryptocurrency exchange!
Price manipulation:
The biggest issue in the Cryptocurrency market is price volatile. So know one predict when you have to get a high profit on this Crypto exchange business. The biggest contributor in this volatile is “whales”.
Normally whales are individual they have a large amount of Cryptocurrency holdings. So they are able to swing the market by changing the value of Cryptocurrencies.
Activities of Cybercriminals:
Nowadays a lot of Cybercriminals are there in the worldwide. They hack your account and collapse all your datas. So be aware of them. Cryptocurrency exchange platform continuously increasing their security to avoid hacking.
Fake news:
Obviously, there is a fake news in Cryptocurrency exchange business. This is a very big problem for Crypto traders. Because they invest the huge amount based on some fake news, Finally they get a big loss on it.
Usually, the users have no way of determining what is the fake news and what is genuine. The best solution for this problem is you need a crosscheck before you invest your money in Cryptocurrency. And also crosscheck before you get into the Cryptocurrency exchange business.
Transaction delay:
Another common problem is Cryptocurrency exchange is transaction delay. This delay occurred nearly all transactions. Most of the Crypto trading platform is do their process in slowly from open the website and withdraw the amount. This affects the quality and experience in Crypto exchange. Scalability is the major reason for this transaction delay.
In blockchain all the request stored in the queue format, so all needs to be waiting in a queue. That time the processing delay is increased. But now,this will be over come by the Decentralized Cryptocurrency exchange process.
Error in user address:
If the last digit of address is not copied properly means, all the transaction will be collapsed. So be careful to send your id to the exchange controller.
Apart from this, Cryptocurrency exchange business is rapidly growing in all over the world. It gives the high profit and growth for your business so this is the right choice for all business traders and startups. In 2019 surely it grows high, compared to current year.
After this guidance, If you want the best software solution provider for Cryptocurrency exchange business!
COINCASSO SOLUTION
With the high rate of cryptocurrency market development and wide recognition by the world community and leading economists, people start thinking about ways of investing into the cryptocurrency industry. This is a great opportunity to find a niche and start your own business. We offer to familiarize yourself with our software product that will allow you to launch cryptoexchange platform in the shortest possible time.
Our product Crypto eXchange is a boxed solution for cryptoexchange operators. It is a multi-module system that allows you to launch a white label cryptocurrency exchange platform in the shortest time from the scratch. This solution solves a lot of tasks required for the full work of the exchange:
AUTOMATION
Automatic purchase/sale of cryptocurrency, CFD trading.
UNIVERSALITY
Possibility to use this solution as a private (Windows, Web, mobile terminals) or a professional/institutional client WebREST, WebSocket, FIX, SFX API or algorithmic trading module.
Connecting the Infrastructure of the Digital Economy
A comprehensive technology solutions for clients, and opportunities for partners, across a wide range of capital markets stakeholders — asset managers, broker dealers, ATS or other licensed exchange operators, institutional traders, funds, asset owners, debt or equity issuers, family offices, custodians, market makers, software companies, or other organization in the digital asset ecosystem.
TRADING INSTRUMENTS AND LIQUIDITY
Possibility to use any number of cryptocurrency instruments in exchange and margin trading, as well as adding tokens, be it your own or produced via ICO.
Unique liquidity aggregation technology, allowing clients of exchange to act as both consumers and suppliers of liquidity.
CoinCasso - Introduction Video
INTEGRATION WITH EXTERNAL SERVICES
Broad choice of ready-to-use exchange (Bittrex, Bitfinex, Bitstamp, Binance, Poloniex, Kraken and others) and broker connections, using solutions to execute customer orders.
Integration with popular payment systems and cryptocurrency wallets (BTC, LTC, ETH, XRP, XMR and others)
SAFETY
Reliable protection and encryption of personal and payment data of customers, customer funds, including hot/cold storage, multi-signature, 2FA.
The architecture that protects against hacker attacks and DDoS. Scaling and balancing capabilities based on load and geo-location.
CoinCasso offer it all for the convenience of it user .
ICO DETAIL
Pre-sale Time: 17 Sept 2018 - 21 Oct 2018
ICO Time: 21 Oct 2018 - 31 Dec 2019
Whitelist/KYC: KYC
Country: Estonia
Token info
Ticker: CCX
Platform: Ethereum
Token Type: Utility
Available for sale: 80,000,000 CCX (80%)
Total supply: 100,000,000 CCX
Financial
Pre-sale Price : 1 CCX = 1 USD
ICO Price: 1 CCX = 2.62 USD
Accepting: BTC, ETH, Fiat
Soft cap: 3,500,000 USD
Hard cap: 100,000,000 USD
WEBSITE : https://coincasso.io/
WHITEPAPER : https://coincasso.io/ENGLISH_CoinCasso_official_PLV1.pdf?v1.1
FACEBOOK : https://www.facebook.com/ccxtoken/
TWITTER : https://twitter.com/CoinCasso
TELEGRAM : https://t.me/coincasso
Conclusion
The recent bear-market is definitely a good opportunity for exchanges to put their heads down and address the above issues in order to be ready for the next wave of market participants coming into cryptocurrencies. However, we could also see other solutions such as decentralized exchanges or broker-dealers being the go-to platforms for crypto traders in 2019.
Bounty0x username : azisjesika