The Importance of System Stability of Crypto Exchanges

In March 2010, the now-defunct bitcoinmarket.com started as the first and only crypto exchange. However, the growth of cryptocurrencies and upsurge in tradable coins caused a rise in the number of crypto exchanges globally. By 2018, the number of crypto exchanges was estimated to be more than 500 platforms. Exchanges have the aptitude to provide high liquidity to any crypto assets and offer faster and cheaper transfers. Although exchanges have fostered growth in the past three years, their instability is still…