Since Bitcoin started to gain traction worldwide, more ICO and blockchain companies put their coins in tradable assets. Although Bitcoin remains one of the most popular cryptocurrencies, Ethereum and Ripple are close behind.
Blockchain-based companies such as Coinbase, Binance and OKEx has sought the opportunity to help crypto enthusiasts trade their digital currencies worldwide. As a result, it has enabled more motion, shifting more trade to crypto exchange jurisdictions. In a report, conducted by banking giant Morgan Stanley, Malta has the highest rate of crypto exchange per capita, accounting close to $1.2 billion.
Crypto exchanges are defined as online platforms used to exchange cryptocurrencies to altcoins or FIAT currency. The exchange processed depends on the exchange platform and in accordance with the rate calculated. Additionally, crypto exchanges are similar to stock exchanges or currency exchanges of FIAT currencies.
In the future, we will see more digital currencies in circulation. Already. around the world, companies such as Starbucks and other online companies are selling their products, in exchange for Bitcoin. The importance of Bitcoin and other cryptocurrencies is gaining popularity among various stakeholders in the industry. By means of Blockchain technology, this industry has empowered the sector to move forward and gaining momentum to result in a cryptocurrency future. Blockchain is the catalyst, transforming the way we see money.
E&S Group is a leading law firm offering various services with regards to ICOs. Feel free to contact us directly on +356 20103020 or by email at [email protected] to find out how E&S can help you in ‘making things happen’.
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