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ChangeNOW: What Moves the Crypto Exchange Industry?

There are more than 6000 different cryptocurrencies out there in the crypto world, with a combined market cap of above $2 trillion. Investors around the world are eager to...
ChangeNOW: What Moves the Crypto Exchange Industry? ChangeNOW: What Moves the Crypto Exchange Industry?

There are more than 6000 different cryptocurrencies out there in the crypto world, with a combined market cap of above $2 trillion. Investors around the world are eager to trade in this rapidly-growing space, and a bunch of cryptocurrency platforms have emerged to meet the need for infrastructure required to support the exchange of digital currencies.

Anyone looking to buy, trade, or sell cryptocurrencies, from crypto newbies to pros, has to choose a cryptocurrency exchange platform that best serves their needs and goals. As there are countless platforms in the market, and many more emerging at the current time, the question is how to stand out from the competition in a highly saturated industry?

In an exclusive interview with DailyCoin, Mike Ermolaev, head of PR at crypto exchange platform ChangeNOW, explains what forces push the crypto exchange platform industry forward.

A Non-Custodial Crypto Service

ChangeNOW is a user-friendly platform for instant, limitless, and registration-free cryptocurrency exchange, founded in 2017. Currently, there are around 320 coins available on the platform for exchange. As the platform is non-custodial and doesn’t store funds, users are safe from hacks and fraud.

Ermolaev explains that their priority is building an ecosystem to provide customers with a broad range of services and tools. The company is currently working on ten different projects, and Ermolaev is pleased with the company’s results.

Recently, ChangeNOW released an official app, the NOW Tracker, for instant cryptocurrency exchange services. The tracker allows users to add any cryptocurrencies to a single portfolio and monitor their rates on the go, either automatically or manually.

As privacy is essential for the company, no personal data is collected or stored by the NOW Tracker, or any third party. All data remains on a given user’s devices, so only they can control it.

Ermolaev highlights that the next steps for the company will be scaling and enlarging the ecosystem. They are focused on releasing a wallet that allows their customers to store cryptocurrencies inside the ChangeNOW ecosystem.

Market Demand Diversity

CoinMarketCap rates 302 top-performing exchange platforms, with numerous exchanges not making the list. It may therefore seem complicated to get the spotlight in this saturated market and gather a substantial user base.

However, Ermolaev believes that big players monopolizing the market are not the answer to innovation.

"Why does the crypto market need one more crypto exchange service? In my opinion, diversity is what any market demands. If you have only one big service, it doesn't push the industry forward and only in rivalry and in the competition you can see the real move," mused Ermolaev.

According to Ermolaev, crypto is experiencing a crucial moment. Despite the occasional fluctuation in value, Ermolaev points out that the market is growing in general. Cases of mass adoption are emerging, such as El Salvador adopting Bitcoin as currency, despite protests and associated risks.

"It is a precedent. We have been waiting for that for a long, long time, and it happened. You see, for example, the essential reactions. You see the official reactions of other governments like Cuba, for example, or some Central American states. It is essential for both mass adoption and the future of crypto," emphasized Ermolaev.

A big future goal for ChangeNOW is boosting the mass adoption of crypto. Mass adoption could be reached by developing the product and the ecosystem towards becoming a bridge between crypto and fiat services via cooperation with non-crypto FinTech entities.

On The Flipside

  • As the crypto exchange market is highly saturated, ChangeNOW will have to fight for its spot in the light.
  • The more prominent exchange platforms tend to attract higher numbers of users.
  • The overload of information makes it hard for customers to distinguish the unique value proposition of different crypto service providers.

Why You Should Care?

The variety of exchange platforms and competition pushes the crypto exchange industry forward. ChangeNOW is a non-custodial, registration-free exchange platform that puts the privacy and trust of their clients first.

Watch the full interview next week here.

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29-03-2024 13:08:31 (UTC+7)

EUR/USD

1.0775

-0.0012 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (3)

EUR/USD

1.0775

-0.0012 (-0.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (3)

GBP/USD

1.2620

-0.0003 (-0.02%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (5)

USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.6509

-0.0006 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (6)

USD/CAD

1.3554

+0.0015 (+0.11%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (0)

EUR/JPY

163.09

-0.16 (-0.10%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

EUR/CHF

0.9726

-0.0001 (-0.01%)

Summary

Neutral

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (3)

Gold Futures

2,254.80

-0.10 (0.00%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (0)

Silver Futures

25.100

+0.002 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Copper Futures

4.0115

-0.0003 (-0.01%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

86.99

+0.04 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (3)

Natural Gas Futures

1.752

+0.034 (+1.98%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (0)

Sell (6)

US Coffee C Futures

188.53

-2.12 (-1.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (6)

S&P 500

5,254.35

+5.86 (+0.11%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (8)

DAX

18,504.51

+27.42 (+0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,952.62

+20.64 (+0.26%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

Hang Seng

16,541.42

+148.58 (+0.91%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (1)

US Small Cap 2000

2,120.15

+5.80 (+0.27%)

Summary

Neutral

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (5)

Sell (4)

IBEX 35

11,074.60

-36.70 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

52.930

-0.320 (-0.60%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

28.43

+0.01 (+0.04%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Adidas AG

207.00

+2.30 (+1.12%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Deutsche Lufthansa AG

7.281

+0.104 (+1.45%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (6)

Siemens AG Class N

176.96

+0.04 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

Deutsche Bank AG

14.582

-0.030 (-0.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0775↑ Sell
 GBP/USD1.2620Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6509↑ Sell
 USD/CAD1.3554↑ Buy
 EUR/JPY163.09↑ Buy
 EUR/CHF0.9726Neutral
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,910/ 8,080
(30/ 30) # 1,361
SJC HCM7,900/ 8,100
(0/ 0) # 1,381
SJC Hanoi7,900/ 8,102
(0/ 0) # 1,383
SJC Danang7,900/ 8,102
(0/ 0) # 1,383
SJC Nhatrang7,900/ 8,102
(0/ 0) # 1,383
SJC Cantho7,900/ 8,102
(0/ 0) # 1,383
Cập nhật 29-03-2024 13:08:34
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.610,0024.980,00
EUR26.047,4527.476,69
GBP30.507,5531.805,49
JPY159,05168,34
KRW15,9119,28
Cập nhật lúc 13:00:20 29/03/2024
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