While both the exchanges facilitate trading services across millions of accounts, their operations and setups are poles apart. While a conventional exchange carries out only swaps between several securities, stay out of the dealer/broker role and also never touch custody, crypto exchanges perform many roles instead. In crypto world, transactions of digital assets require the transactions to be performed on blockchain and storing the fund in a virtual wallet. These are some very unique features and factors that together make the cryptocurrency exchanges different.
Below are some basic differences between traditional exchange and cryptocurrency exchange:
Many functions Versus one
Centralized exchanges like Bitsmo or
Data centers versus cloud facilities
While conventional exchanges depend on gigantic data
Profit and loss margins
One of the most essential differences is the increasing gap between profit and loss making margins, which actually exists on both the forms. Investment in stock markets needs a significant amount of patients because if you’re targeting a big profit, the process is usually slow in such case. On the other hand, crypto trading is different, for its highly volatile nature. Volatility helps because massive swing in the market value of the currency, thus makes a smooth way for the traders to expect more profits, scheduling the trades according to favourable market condition.
Digital currencies, with Bitcoin at the forefront, are dominating the global market. This apart, the global reach of this form of currency is constantly expanding. With incredibly lower transaction fees and fastest transfer processing, cryptocurrency sure is getting the control of world’s financial market in its grab.
In a nutshell, for this market being operating 24/7 and extremely volatile, becomes a considerable choice. If you are trying to push through a financial crisis situation or try a diversified yet secure investment opportunities, trade through the safest exchange, because NOT ALL EXCHANGES ARE A SAFE CALL. Bitsmo, in this case, is majorly working with Modulus Exchange for facilitating its users with trading services. Modulus Exchange, if you didn’t know, is one of the largest Cryptocurrency Exchange Companies in the world. Thus, making your first crypto-trade through us is no way an erroneous decision.