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Ethereum Reclaims $2,636 After Hitting Trendline for the Fourth Time
Ethereum bounces back to $2,636 after testing its seven-year rising support showing structure that has been respected since 2016 without failure.
Exchange News
Bitcoin’s Long-Term Holders Drop as Price Hits Near $100K Here’s Why
Bitcoin’s 60-Day Cycle Nears Key Low Here’s Why $100K Is Critical
Bitcoin Faces $112K Resistance as RSI Shows Bearish Divergence Signs
Bitcoin Price Faces Key $110000 Resistance But Support Holds Firm
Ethereum Holds Crucial Support Near $2240 While Testing $2370 Resistance
BTC Faces Key Resistance at $106K With Support Holding Near $102K Zone
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The emergence of cryptocurrency exchanges opened up incredible doors of opportunity in the crypto and blockchain space. Before this, transactions occurred on a P2P basis with not a lot of opportunity to boost decentralized finance (DeFi) capabilities. The arrival of crypto exchanges not only brought new possibilities to light but also eliminated the barrier to participating in the crypto industry.
Before crypto exchanges, only those skilled and learned in the art of blockchain development could mine cryptocurrencies, let alone trade them or do anything else with them. By introducing cryptocurrency exchanges the greater public now had a chance to indulge and participate in all things crypto which aided in global crypto adoption.
These cryptocurrency exchanges acted as a platform to educate, assist, participate, and benefit from owning and trading cryptocurrencies. More so, two types of crypto exchanges emerged, classified as centralized exchanges (CEX) and decentralized exchanges (DEX). The former requires KYC and offers greater liquidity and custodial wallets alongside services to assist traders. The latter is more anonymous, offers less liquidity, and does not a lot of assistance, but guarantees non-custodial wallets.
All in all, cryptocurrency exchanges changed the crypto industry and boosted it close to what it is today. It offered more services and eliminated the barrier to joining as time went on. Crypto News Land brings you the latest on every cryptocurrency exchange to make sure our readers have everything they need on crypto exchange news and can make informed decisions.