79 crypto exchanges in 2021-even more than in 2020-press release

press release

press release. November 2021, leading comparison page for crypto services-cryptowisser, canceled his annual crypto. an swap cemetery . The list is the only existing extensive database for "dead" cryptocurrency exchanges. Last year, many exchanges had fallen victim to official regulations, hacking and a highly competitive growth market. Six stock exchanges from the detailed report were even closed because the actual stock exchange was a fraud.

It was another hard year for crypto exchanges because almost 80 exchanges bitten in the dust, but why more and more exchanges die despite the booming crypto market and the continuing acceptance in mainstream economy?

The official death kiss

Since the market is growing and crypto is generally accepted, nations and governments are forced to bend their knees to find paths, to accept cryptocurrencies and associated regulations. Regardless of whether the said government enforces stricter regulations or forbids crypto as a whole, there are several potential factors that can affect exchange with the markets in these countries. For example, with the latest crypto ban in China, large exchanges such as bit-z remained on the route.

The hacking death penalty

Although one of the smallest fatalities on the list should not be ignored. According to reports, there were 3 reported hacks reported last year. The Atomic exchange , a promising exchange of the Seychelles, which was known for his security return.

The strength package Sensenmann

Despite the growing number of crypto users, smaller stock exchanges are difficult to compete with the giants, such as Binance and Kucoin . These crypto household names continue to swallow most of the market share of new users and the commercial volume, which makes it very difficult for smaller exchanges to compete. If you only look at the local coins of this giant, it becomes clear that they record massive growth and gain market shares. The native token of Binance ( bnb ) was worth a year ago and is currently valued with $ 628. With its native token, Kucoin showed even greater growth, with the Kucoin token worth only 85 cents a year ago and is now worth over 21

Defi death experience

decentralized stock exchanges have been displacing the unisvap for some time, they show enormous growth signals-a year ago, their token market capitalization was almost $ 900 million and is now an incredible $ 15 billion.

final remarks

The number of stock market dead grows from year to year, but with more regulatory sanctions and worldwide crypto awareness, one could say that the regulations could stabilize the number of crypto exchanges on the market. For a long time, the days of the opening change in a bull run that hopes for the best are over. In order for a new stock exchange to thrive, you must meet all regulatory requirements and be able to cover all associated costs and have a competitive advantage, not only with the big names that already offer trust, security and acceptable fees, but also with the decentralized stock exchanges that conquer market shares and users every day.

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