In this article we are going to discuss about how cryptocurrency exchange industry has evlolved, hybrid cryptocurrency exchanges, and the scope of hybrid cryptocurrency exchanges. Before that let us have a recap.
Cryptocurrency Industry Before DEX and After DEX
We can classify the cryptocurrency industry into two big eras, that is Before DEX and After DEX (decentralized Exchanges). Why because, If you look back the cryptocurrency industry in 2015 or 2016, you could find that centralized cryptocurrency exchange websites were ruler of the market. Because this kind of cryptocurrency exchanges created a line for traders to trade cryptos safely with anyone. And we can strongly say that the market of bitcoin were hyped only after the plantation of centralized exchanges all over the globe. People also found that this centralized exchanges are the only possible way to buy and sell bitcoins at low cost.
Apart from the traders, and cryptocurrency exchange websites, there were another set of people who were behind the success of bitcoin and the entire cryptocurrency industry.
They are b2b cryptocurrency exchange development companies.
In the earlier stage, there were only a few cryptocurrency exchange development companies , But after the hype of bitcoin $10000, there were plenty of startups arrived in to market, this created a huge competitions among each other. But positively, this competition have boosted up the industry growth and the arrival of hi-tech centralized cryptocurrency exchanges. The key to break the competition was “uniqueness and the technology” used.
However, Even the hi-tech centralized cryptocurrency exchanges too had some security holes, so to break those inconveniences “ decentralized exchanges ” have arrived in to market.
Decentralized exchanges have created a smooth way to proceed peer to peer cryptocurrency trading.
For deeper understanding about decentralized exchange check this article. Decentralized Exchanges
So this is how cryptocurrency exchange websites have evolved, but the evolution still continues with the arrival of hybrid cryptocurrency exchange development.