A crypto Exchange or a digital currency Exchange is a business that allows customers to trade cryptocurrency or digital currency for other assets, such as conventional Fiat money or other digital currencies. An example of a cryptocurrency Exchange is PriorityEx.
In this article, we would look at the emergence of Exchanges from the creation of the first well recognized cryptocurrency up to this present time, and we would also look at the projections from major Exchange platforms, including PriorityEx, on how the future of digital currency Exchange would be in the future.
IN THE BEGINNING
It all started with the Emergence of one cryptocurrency, The Bitcoin (BTC), it’s creator was an unknown person or group of persons under the name Satoshi Nakamoto. Bitcoin came into existence after Satoshi created a means to revolutionalize the money sector, he wanted to create a currency that had little or no influence from the government, but was a peer-to-peer transaction.
After the white paper was let out in 2008, the BTC was out in January 2009. This was the beginning of new and emergent financial era.
AND THEN CAME EXCHANGES
As soon as BTC crossed its infancy stage, it became a necessity for platforms to aid in the transfer and trade of BTC.
Exchanges came to full lime light when the 2014 hack of one of the largest digital currency Exchange Mt. Gox, caused many persons to dread the Digital money, or commonly called ‘Nerd Money’. This caused many crypto Exchange businesses to spring up, trying to solve the issues of asset security. Many failed, while some succeeded, including the success story of PriorityEx. We have been able to address the security issues faced by most of our sister platforms, and we have done even more. Visit https://priorityex.io for more details.
THE FUTURE IS JUST AHEAD
Despite the ongoing success rate experienced by cryptocurrency, there are still a lot of challenges faced by crypto Exchanges, some of which has been solved by the ever working PriorityEX team. Despite the regulatory settlements happening around the world, cryptocurrency Exchange and cryptocurrency at large, has come to stay. We look forward to a productive future, seeing that more than 90% of the world’s money is digital. This is a call to all investors to hold on to the best in cryptocurrency Exchange, PRIORITYEX.