April 27, 2024

The current level of development of the cryptocurrency industry

The current level of development of the cryptocurrency industry

The cryptocurrency industry is still developing, and Bitcoin itself appeared only in 2009. This is the new globala concept that can't be perfect right away, Emily Choi, a senior executive at Coinbase, told Bloomberg.

She compared the cryptosphere with the era of the firstmobile phones, which were also inconvenient to use at first. There was almost no infrastructure in the world that would allow you to communicate with each other from anywhere.

The interfaces of the first mobile phones were extremely inconvenient, and the cryptocurrency market is currently at about the same level of development.

Emily Choi said:

«We are in such a phase of developmentcryptosphere, therefore they must make it convenient and accessible. We need to have more regulatory certainty so that people can become participants in the [market]».

The need to modernize the blockchain industry was previously stated by the CEO of the Bitstamp exchange, Julian Sawyer.

In an interview with DeCrypt, he noted that the marketdigital currencies have entered a qualitatively new stage. We are witnessing massive institutional adoption of Bitcoin and the gradual implementation of crypto regulation.

Where is it more profitable to buy bitcoin? 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 deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, 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 functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and 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 ranking.

The current level of development of the cryptocurrency industry

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