Cryptocurrency Market Share by Exchange in 2018

Introduction

In 2018, the cryptocurrency market was in a state of flux, with various exchanges claiming significant market shares. This article will delve into the cryptocurrency market share by exchange in 2018, providing an overview of the top exchanges and their market presence.

Top Cryptocurrency Exchanges in 2018

1. Binance

Binance, founded in 2017, emerged as one of the leading cryptocurrency exchanges in 2018. With its robust trading platform, low trading fees, and a wide range of cryptocurrencies, Binance attracted a large user base. It offered a safe and secure environment for traders to buy, sell, and trade digital assets.

2. Bitfinex

Bitfinex is another prominent cryptocurrency exchange that dominated the market in 2018. It offered advanced trading features, high liquidity, and margin trading options. The exchange also had a strong focus on institutional investors and professional traders.

3. Coinbase

Coinbase, one of the most popular cryptocurrency exchanges in the world, continued to grow its user base and market share in 2018. The exchange offered a user-friendly interface, making it easy for beginners to buy and sell cryptocurrencies. It also had a strong presence in major markets like the United States and Europe.

Market Share Analysis

In 2018, the top cryptocurrency exchanges held significant market shares, but the competition was fierce. The market was still evolving, and new exchanges were emerging with innovative features and services. However, the top exchanges such as Binance, Bitfinex, and Coinbase were able to maintain their market presence due to their robust platforms, security measures, and user-friendly interfaces.

Factors Affecting Market Share

The market share of cryptocurrency exchanges is affected by several factors, including trading volume, liquidity, security, supported cryptocurrencies, trading fees, and user interface. Exchanges that offer high trading volumes, liquidity, and security are more likely to attract more users and increase their market share. Additionally, exchanges that support a wide range of cryptocurrencies and have low trading fees are also more popular among traders.

Outlook for the Future

As the cryptocurrency market continues to evolve, the competition among exchanges will intensify. New exchanges will emerge with innovative features and services, while existing exchanges will need to adapt to stay competitive. The future of cryptocurrency exchanges will be focused on providing a secure and user-friendly platform, supporting a wide range of cryptocurrencies, and offering low trading fees.

Conclusion

In 2018, the cryptocurrency market was dominated by top exchanges such as Binance, Bitfinex, and Coinbase. The competition among exchanges is fierce, and the market is still evolving. As the market continues to grow, new exchanges will emerge with innovative features and services, while existing exchanges will need to adapt to stay competitive. The future of cryptocurrency exchanges will be focused on providing a secure and user-friendly platform, supporting a wide range of cryptocurrencies, and offering low trading fees to attract more users.