The cryptocurrency exchange market is becoming more robust day by day, as the industry evolves to a new dimension, many new cryptocurrencies started to flow into the market. But the concern here is still many people don’t know how to showcase a fresh crypto asset on an exchange platform? and how to make your crypto coin popular?
What are Crypto Exchanges?
Crypto exchanges are marketplaces for digital cryptocurrencies trading. These platforms essentially serve as the middlemen between crypto traders who buy and sell their Bitcoin, Ethereum, or any other cryptocurrency.Token and cryptocurrencies’ price is determined by the exchanges, as they set their value based on supply and demand or the actions of the buyers and sellers that use their platform.
Currently, there are over 100 active exchanges and two main types of exchanges, decentralized cryptocurrency exchanges (DEX) and centralized exchanges. The difference between the two types is that in DEXs users retain control over their funds and have lower trading fees, versus centralized exchanges which act as a bank of your funds, providing enhanced security, guarantees of money back in case of theft. DEXs require a more profound understanding of trading and handling your digital assets and often have lower liquidity and userbase. Centralized exchanges have more active users and overall security.
Token listing on decentralized exchanges is done automatically and for very little to no fee in most cases, whereas listing on centralized exchanges requires connections, liquidity assurance, manual project checking, and compensation.
Parabolic Tech Assist with List on Crypto Exchanges
Parabolic Tech can assist with listing cryptocurrencies and tokens on various leading crypto exchanges. We have relationships with both Western and Asian exchanges and can facilitate token listing applications and due diligence for blockchain projects and ICOs.