Finance News
By Pankaj K
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Investors are in a solid dilemma today- should they concentrate more on the new trend of crypto exchanges or stick mostly to traditional stock marketplaces like NASDAQ.
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Well, if you look at the current market and ask the experts, odds seem to be in favor of the crypto exchanges only.
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Let’s clarify the situation with an example.
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In the first quarter of this year, NASDAQ and a leading crypto exchange showed similar range of net income. NASDAQ made $209 while the crypto exchange earned something like $200.
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This one example single-handedly proves the increasing dominance of crypto exchanges over the age-old stock marketplace.
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One of the main reasons behind the rising popularity of crypto marketplaces over the stock ones is the speedy profit-making potential of the crypto market.
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Then, cryptocurrencies are accepted globally. An investor from the USA can invest in an ICO conducted by an Asian country most of the times.
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Trade fluidity is another chief reason behind the dominance of crypto exchanges over NASDAQ.
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Crypto exchanges do charge some degree of commissions but they are lesser than what you have to splurge on stock exchanges. Trade.
The Currency Analytics
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