I am sure that your search for finding one of the most reliable and trustworthy cryptocurrency exchanges has brought you here. It is true that the cryptocurrency industry has grown tremendously big and it will continue doing so in the future as well. However, what one needs to keep in mind is that the cryptocurrency industry is a sector that has advanced faster than any other online trading industry. Although it may not be as big as other online trades such as stocks, forex, or commodities, it still has a more user base than the rest.
Cryptocurrency Industry’s Past vs Present
Although the cryptocurrency industry has been around since 2009, it was not until 2020, the cryptocurrency industry really picked up. The industry has picked up a lot of paces, experiencing tremendous growth and adoption rate in late 2020. Even at the time of writing, thousands of investors may be joining the platform for future investments.
In the past, the cryptocurrency industry was small and did not demonstrate much trading volume. As the cryptocurrency industry started growing in 2020, the daily trade volume soon picked up. An industry that hardly observed a few hundred thousand dollar worth of cryptocurrency trades had gotten much bigger. Now, the daily trade volumes observed by the crypto-verse are in several billion.
In the past, there were only a few cryptocurrencies and now, there are more than 10k cryptocurrencies in the entire crypto-verse. Even the user volume recorded by the entire cryptocurrency industry back in early 2020 was around 34 million. Now, the overall cryptocurrency user base is more than 110 million.
Difficulties Being Faced in Crypto-Industry and Their Solutions
As a result of the cryptocurrency boom, things have become much more complex than they ever were in the past. It has become very difficult for one to keep a track of the best performing cryptocurrencies. Then there is an enormous amount of data flowing through the crypto-verse that one needs to gather and run analysis on them. One needs to find the one they are currently trading in or want information around. The cryptocurrency industry is so fast that it is extremely difficult to execute actions at the right time and so many other problems.
As you have to trade through a cryptocurrency exchange whenever you have to perform trades then you have to look for the following services in an exchange when searching for one:
Cryptocurrency Exchange Shares Market News/Reviews
Always go for an exchange that tends to collect information from sources all around the world when it comes to cryptocurrencies. As cryptocurrencies have become the most traded asset of today, almost every sector is seen talking about it. Therefore, the exchanges meaning to help their investors would definitely collect the most unique authentic, and reliable news/reviews about cryptocurrencies. They collect relevant information about your trading cryptocurrency and general matters that can impact the price of your crypto. This way, they keep you up-to-date and well-informed about how your trading cryptocurrency is doing in the market.
Cryptocurrency Exchange Shares Price Alerts
This is also another major factor that can help you tremendously in deciding when to sell your cryptocurrencies or when to buy more. If an exchange is reliable, then it would also keep you provided with price alerts surrounding your adopted and preferred cryptocurrencies. Based on the alerts, you can choose what your next move would be in terms of the cryptocurrencies you are holding.
Cryptocurrency Exchange Provides Trading Signals
At present, the cryptocurrency industry has grown tremendously in terms of cryptocurrencies, trading volumes, and price fluctuations. Therefore, even the most genius analysts cannot collect an ocean of data, filter/process it, and then generate trading signals from it. If an exchange claims that its analysts are doing that, then either they scamming you or they have lost their mind. Always look for an exchange that offers trading signals that are generated through bots (Artificial Intelligence Data Collecting/Processing Software). The bots can collect an entire set of data, process it, run analysis on it, and then generate trading signals for you.
Cryptocurrency Exchange Provides Automated Trading (Optional)
Over time, many advancements have been introduced in the cryptocurrency industry. The market news/reviews, price alerts, and trading signals that I have mentioned were not tagged with crypto-verse since the beginning. With time, the crypto-verse adopted more and more automated data collecting and generating systems. This way, the exchanges have managed to keep up with the growing number of data all these years.
Although not many cryptocurrency exchanges currently offer this there are exchanges that are offering automated trading. Automated trading is based on trading bots designed with complex calculations and algorithms. This technology not only lets the bots collect data from crypto markets automatically and generate signals. But these bots also perform trades on there without you having to do anything at all. All you are required to do is make a deposit and then sit back, sip a cup of tea/coffee, and witness how the bots perform trades on your behalf.