What is cryptocurrency exchange?

Examples of centralized exchanges:

  1. Bittrex
  2. Binance
  3. Huobi
  4. Bithumb
  5. OKEx
  • The scalability of blockchain has not been resolved, the transaction speed is relatively slow, and the network is often congested.
  • Every transaction requires a high fee and is inefficient for important trading frequency.
  • Trading transactions could be manipulated by miners or validators on low blockchain network like (Bitcoin Gold)

Examples of decentralized exchanges:

  1. Bitsquare
  2. BlackHalo
  3. Coinffeine
  4. IDEX
  5. Cryptobridge

Profit model of cryptocurrency exchanges

Case study of centralized cryptocurrency exchanges

BitMEX exchange, large daily trading volume

FCoin exchange, the new black horse

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