 | And in 2023 alone, 61 exchanges closed their doors. This is an update on my regular analysis of exchanges. I've analyzed The Exchange Graveyard data in a previous post, and decided to do another round accounting for recent 2023 data. Here are the results! 183 (~42.65%) exchanges "just vanished" since 2014This means that no reason whatsoever was given to customers or society as a whole. These "just vanished". The categories and their percentages are:
These numbers represent an overall increase of 15.8% since the data was first analyzed. In 2023, 61 exchanges went down40 were Centralized Exchanges, 8 Decentralized and and 13 are classified as "others", since the data has also e.g. "Contracts Exchange" in their classification. TL;DR and advice Most exchanges that closed down "just disappeared". Also the vast majority of these were centralized. Use exchanges as exchanges and take control of your keys by having a cold storage. Heck, if you don't have the money to put on a cold storage unit just use a hot wallet of your choice. Make sure we avoid repeating 2013 and 2022. [link] [comments] |
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments