May 15, 2021

Cryptocurrency companies will oust banks from the financial market

Cryptocurrency companies will oust banks from the financial market

The cryptocurrency industry could deal a devastating blow to the banking market. Jesse thinks so Powell, who heads the Kraken exchange.

In his opinion, only those financialstructures that will have time to enter the cryptosphere. The rest of the traditional players, and primarily banks, will leave the market if they continue to ignore digital assets.

Powell noted:

“I think you’ll see the days of companies not keeping up with this [cryptocurrencies] are numbered.”

The Kraken CEO recalled that his exchange was created from scratch. The team has built an infrastructure that has grown in just a few years. Kraken is currently on the list of top cryptocurrency platforms.

Cryptocurrency companies are the future, and theirthe expansion cannot be stopped. Therefore, traditional market participants need to look for ways to penetrate the blockchain industry right now. Otherwise, they will not be able to keep their business, Powell summed up.

Recently, the CEO of Kraken stated that duringOver the next two years, we will see the price of bitcoin skyrocket to $ 100,000. Institutional adoption of BTC will become the main driver of growth in the value of the cryptocurrency.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform features - availability of additional features - futures, options, staking, etc.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Cryptocurrency companies will oust banks from the financial market

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