Whether for profit or obtaining another currency, trading has been at the heart of the fiat currency ecosystem. The cryptocurrency realm is no exception to this phenomenon. Considering cryptocurrencies didn’t exist until 2009, the overall crypto trading ecosystem has made substantial progress over the last decade.
According to a recent study by Bloomberg, the top ten cryptocurrency exchanges are bringing in as much as $3 million per day as fees, and steadily heading towards $1 billion a year. However, almost all top-earning crypto exchanges are centralized where crypto coins get traded much like the share trading on well known New York Stock Exchange.
Most traders are likely to begin their journey through a centralized exchange as they offer a variety of benefits to both individual and institutional traders.
Read on to know more.