Bittrex & Invest.com: Does the Cryptocurrency World Need Yet Another Trading Exchange Platform?

Colleagues, US-based Bittrex and invest.com, a fintech startup based in London plan to launch a new EU-focused crypto trading platform. Skeptics abound as these same two firms had a false start earlier this year with the Zodiac exchange that was aimed at the retail market. The exchange in question has yet to be launched and information online regarding the platform has been sketchy at best. According to Crypto Coin Charts the five largest exchanges based upon overall trading volume are: Binance, BitFinex, HitBTC, Houbi and Coinbase GDAX. In aggregate these exchanges process some 75% of all cryptocurrency transactions worldwide. From a macro perspective the crypto segment is still in its infancy and the need for innovation is great. The Cryptocurrency Academy believes that a bona fide next gen platform which can manage multiple currencies with a high degree of security, speed and usability is needed. Bottom line question: Is the crypto world better off improving existing exchanges or developing new “purpose-built” exchanges? You make the call. Post a comment visit us today! Lawrence – Cryptocurrency Academy (https://cryptocurrencyacademy.blogspot.com/)