The stumbling blocks behind Cryptocurrency Exchange Development - PowerPoint PPT Presentation

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The stumbling blocks behind Cryptocurrency Exchange Development

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The elements holding control of a Cryptocurrency exchange software – PowerPoint PPT presentation

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Date added: 8 August 2020
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Title: The stumbling blocks behind Cryptocurrency Exchange Development


1
The stumbling blocks behind Cryptocurrency
Exchange Development
2
  • 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.

3
  • Some of the important aspects that can bring
    about a huge difference in choosing a
    cryptocurrency exchange software are

4
Domination of a few cryptocurrencies
1
5
  • 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.

6
Increase in the number of rivals
2
7
  • 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.

8
Adoption from the mainstream
3
9
  • 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.

10
Involvement of the Government
4
11
  • 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.

12
Role of the media
5
13
  • 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.

14
Security problems and bankruptcy
6
15
  • 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.

16
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.

17
Thanks!
  • Any questions?
  • Contact us via
  • E-mail
  • info_at_cryptocurrencyexchangescript.com
  • Website
  • www.cryptocurrencyexchangescript.com
  • Phone
  • 1(718)-521-4600
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