There is increased awareness in cryptocurrency trading which is reflected in the volume of trades that occur across exchanges on a daily basis. According to data from CoinmarketCap, over $57 billion worth of cryptocurrencies have been traded within the last 24 hours as at the time of writing.
A large part of the trades that are responsible for this volume are happening across regular cryptocurrency exchanges with complex procedures and duplicated fees. For instance, a trader who may want to purchase any cryptocurrency token other than Bitcoin or Ethereum, in most exchanges will need to first buy either of them, before transacting internally within the exchange for their token of choice.
Every step of the above described transaction will attract its own independent fees, causing an accumulation of charges. Also, the multiple steps and complications involved in accessing most of these platforms have discouraged a number of individuals who may be interested in cryptocurrency trading and investing.
Eliminating The Barriers In…