Cryptocurrencies, how many exchanges exist in the world?

Cryptocurrencies, how many exchanges exist in the world? Here is how much cryptocurrency exchanges are currently operational.

Cryptocurrencies, how many exchanges exist in the world? - coinbase 1 696x449

In the early days of the existence of Bitcoin, the exchange number of cryptocurrency you could probably count on the fingers of two hands: Mt Gox, Bitstamp, BTC-e, Vircurex and a few others were useful alternatives for exchanging cryptocurrencies. Today, as can be guessed, the landscape has changed radically, so much so that there are more than 500 exchanges to choose from ... and that number is growing week after week.

There are more than 500 cryptocurrency exchanges

Calculate the number of cryptographic exchange existing in the world is much more difficult than it seems. Coinmarketcap lists for example "only" 208, but in reality we find other dozens listed on other cryptocurrency tracking sites. Furthermore, there are hundreds of regional exchanges accessible only within certain countries / continents. Canada, for example, has an "exclusive" one, just as Golix operates only in Africa, ACX in Australia, and so on.

Well, none of these exchange returns to the monitoring sites such as Coinmarketcap. Nor does this list include the most important sites in the sector, such as Coinbase, which technically is a broker, or P2P sites like Localbitcoins e Localethereum. And what about other forms of exchange P2P like Radar relay, Kyber Network and platforms operating on the deep web? The number is varied, thus making it extremely difficult to classify and quantify the number of global cryptographic exchange. The estimate is, however, of at least 500 operators, in continuous increase.

Is the availability of so many exchanges an advantage?

Back when the ecosystem Bitcoin it was basically linked to only one exchange (Mt Gox), everything depended (for better or for worse) on that player. And so when Mt Gox started having problems, suffering a powerful hacker attack, the market panicked. Today, with hundreds of exchanges to choose from, this should no longer be a problem ... at least in appearance.

If in fact a glance is given to where most of the volume of cryptocurrency trade takes place, we realize that the imbalance in the market is still very present. In the last 24 hours, for example, more than half of the entire volume of exchanges di cryptocurrency came from only three exchanges, with Binance which counted the 18% alone. Therefore, if the exchange were to be violated or to interrupt the services even for "simple" line problems, it would not cause a transaction stop at the level of Gox, but it would still cause a considerable dent of trust in the sector.

Moreover, it is precisely the rapid rise of Binance, which has gone from nothing to be a billion-dollar platform in the space of just 12 months, to have inspired many of the next generations of exchange supported by tokens like Coinlion and Legolas. Each of these new competitors has a slightly different approach, whether it is to promote trading, launch ICOs or, in the case of Ezexchange, reward effective customer service that includes 24 / 7 support.

A trend that should not surprise us at all. As long as the money continues to pour into the cryptocurrency economy and the ICO sector remains lively, the new exchanges will continue to be born and proliferate. If things go wrong, however, it is reasonable to expect that many exchanges could become "ghost towns" ...