New research from Hacken System’s Crypto Exchange Ranks (CER) shows that traditional banks like JPMorgan and Bank of America dwarf the nascent cryptocurrency exchange industry.
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Cryptocurrency exchanges are like the banks of the industry, acting as intermediaries between traders, investors, projects and other stakeholders. But the metric used to compare exchanges (daily trade volumes) is open to abuse and manipulation. New research from Hacken System’s Crypto Exchange Ranks (CER) suggests a more accurate ranking method.
In the rampant bull market of 2017, crypto exchanges appeared to have developed into significant players in global finance. Billions of dollars of daily traded volume fuelled investors confidence that they had bought into something huge. But centralized crypto exchanges display the polar…