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A service for banking industry professionals · Tuesday, October 16, 2018 · 465,206,935 Articles · 3+ Million Readers

Rise in Cryptocurrency and Exchanges like IBGX.

SINGAPORE, SINGAPORE, August 17, 2018 /EINPresswire.com/ -- The number of cryptocurrencies and exchange platforms are increasing each year. Demand to buy and sell is also growing as the number of cryptocurrencies and trading platforms increase.

There are currently 1,568 different cryptocurrencies available, as at 21st March, 2018. This breaks down to 654 tokens and 914 coins. It all started with bitcoin, which was first released on January 9, 2009, and various versions launched in the following years. From December 2013 to the end of 2017, the number of cryptocurrencies increased from 40 to 1,273 – a 3,083% increase.

The number of transactions on the blockchain have dramatically increased over time.

On August 8, 2015, Ethereum made its way onto the world map. They have recorded 2,881 transactions and has been growing in popularity ever since.

Since cryptocurrency first launched in 2009 with Bitcoin, average trade values – the average of all cryptocurrency trades processed per day – of all cryptocurrencies have rapidly grown over a period defined by high volatility. The two biggest cryptocurrencies on the market, Bitcoin and Ethereum, have fluctuated in average trade value with steady growth over a seven-year period since Ethereum entered the market.

Along with these cryptocurrencies, new platforms and exchanges emerge, solely catering to the trading of tokens and coins. Coinbase, Binance, eToro and others joust for attention from traders and now a new cryptocurrency exchange by the name of IBGX has emerged through the list of service providers to offer safe, efficient, and easy trading, while charging minimal fees for each transaction. Now in its final testing stage, and set to launch in Q3 2018, it seems like it will be achieving a good response based on early review of its working interface. IBGX is based in Indonesia and is expected to have servers located globally, especially in locations where cryptocurrency trading has proven to be very popular and widely accepted.

www.ibgx.io

Andy Wise
Tech Newsroom
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