The stumbling blocks behind Cryptocurrency Exchange Development

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The stumbling blocks behind Cryptocurrency
Exchange Development
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• Though cryptocurrencies have witnessed
  substantial growth and frenzied trading levels
  for the past few years, their value as an
  investment tool has been affected by several
  factors.

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• Some of the important aspects that can bring
  about a huge difference in choosing a
  cryptocurrency exchange software are

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Domination of a few cryptocurrencies
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• First-mover advantage would hold good for
  established cryptocurrencies such as Bitcoin. As
  more and more cryptocurrencies enter the market
  intensifying the competition, very few offer
  innovative and differential solutions.
• This can lead to a situation where only a few
  cryptos sustain in the long run. With the rise in
  the number of online scams, people may be
  skeptical of investing in these platforms. This
  increase in caution and less appetite for
  risk-taking can affect the number of Initial Coin
  Offerings and tokens created through these
  exchanges.

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Increase in the number of rivals
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• With the tight rivalry between experienced
  cryptocurrencies and new startups, healthy
  competition is good for the industry.
• However, trust and leadership play important
  roles to ensure that the decentralized technology
  flourishes.
• It depends on the extent to which blockchain
  technology is used to fix critical issues such as
  transaction costs and network strength.

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Adoption from the mainstream
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• No cryptocurrency can truly grab the market
  without being in good books of the financial
  system. Players, such as commercial banks,
  moneylenders, etc., willing to accept Bitcoin as
  deposits can prove to be a game changer. The
  usage of cryptocurrencies by the public in retail
  stores and other utility outlets can boost their
  status.
• Strong reasons need to be advocated and concerns
  addressed, for replacing traditional currencies
  with digital currencies. Innovative offerings
  through future contracts, debt instruments can
  play a big role in wealth management and asset
  allocation.

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Involvement of the Government
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• Regulatory authorities of each country should be
  open-minded and friendly towards cryptocurrency
  exchanges. The full potential of blockchain
  technology is realized through cryptocurrencies.
• Banning cryptocurrencies in some countries would
  narrow down the spread of technology too.
  Centralized control is not ideal. Timely
  intervention through laws and clear-cut policy
  guidelines can play a significant role in the
  adoption of cryptocurrencies throughout the
  nation.

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Role of the media
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• News Feeds spreading negativity can trigger the
  market by manipulating the minds of investors.
  Flashy coverage can spread panic and lead to a
  glut in the market.
• The media must provide a non-biased view of
  cryptocurrencies keeping in mind the interests of
  investors and companies. Too much importance
  given to the performance of market leaders can
  also affect the industry, as a majoritys
  viewpoint takes precedence over independent
  coverage.
• The media should not also fall prey to fake news
  and must do thorough fact-checking before posting
  their views. Other factors like political
  tensions and financial instability can also lead
  to manipulation in the price of cryptocurrencies.

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Security problems and bankruptcy
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• Hacker attacks, ransomware, and data breach in
  cryptocurrency exchange development can promote
  fear in the minds of investors. There are many
  cases where funds have been withdrawn
  automatically from investors.
• Since exchanges, platforms, and wallets are
  inter-connected, violations in any system can
  have a huge impact.
• A market with a large number of exchanges and
  widespread distribution of funds can manage such
  a crisis. Cryptocurrency exchange software with a
  small trade volume will be subject to high
  speculation.

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Place your screenshot here

• Get in touch with CES for selecting a
  cryptocurrency exchange software as per your
  needs. Our skillful developers will give your
  business customized solutions that can withstand
  the impact of all the above factors in a
  successful manner.

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Thanks!

• Any questions?
• Contact us via
• E-mail
• info_at_cryptocurrencyexchangescript.com
• Website
• www.cryptocurrencyexchangescript.com
• Phone
• 1(718)-521-4600