Poloniex, DX.Exchange, Gemini And EurekaPro Are Most Promising Crypto Exchanges In 2019

The increasing adoption of cryptocurrencies has led to a corresponding proliferation of exchange platforms. While the presence of many exchanges is good for the crypto space, investors are often faced with a dilemma when it comes to choosing the best option. Each of these platforms has its advantages and disadvantages.

After analyzing several options, the following four cryptocurrency exchanges stood as the most promising for the coming years.

DX.Exchange

DX is one of the most popular exchange platforms in the world. It has market capitalization value that exceeds $111 trillion, making it the second largest exchange worldwide. Besides, it runs on the same infrastructure as the NASDAQ exchange and adheres to EU regulations.

The standout feature of the DX.Exchange is their emphasis on providing first-rate customer services. Similar to other exchanges, DX allows users to buy, sell and exchange digital currencies using fiat money. In addition, the platform also offers custodial solutions for safekeeping of their clients’ digital assets.

Another feature that is unique to DX.Exchange is their pricing model. Typically, exchange platforms levy fees on individual transactions. However, DX users are expected to pay a regular subscription fee of €10. After paying this fee, users can transact up to €50,000 throughout the month.

Currently, DX is organizing a token distribution event for their DXCASH token. The firm has set aside $2.7 million worth of DXCASH for this event.

Poloniex

After a promising start, the Poloniex cryptocurrency exchange has been faltering and has failed to live up to its potential. In fact, Coinbase, once its close competitor, is now far better off than Poloniex. The controversy that the exchange has faced has contributed significantly to this sluggish growth.

Nonetheless, there is hope for Poloniex after its recent acquisition by Circle. The popularity of the platform is growing steadily. To put this into perspective, Poloniex recently noted a 200% increase in trading volume, surpassing the Bittrex crypto exchange in the process.

Notably, Poloniex is ditching ERC20 tokens in place of major digital currencies such as Bitcoin and Ethereum. This, coupled up with the delisting of suspicious crypto tokens, is expected to reinstate the platform's user base to its previous levels.

The ongoing resurgence at Poloniex makes it one of the most promising exchanges for 2019.

Gemini

Gemini was established four years ago by self-made cryptocurrency billionaires, the Winklevoss brothers. In 2016, it became the world’s pioneering licensed Ethereum exchange platform after receiving accreditation from the New York State Department of Financial Services.

This month, Gemini increased allure by declaring that it would provide an insurance cover for the crypto assets in its custody. An insurance cover means that if digital currencies are lost to a hacking attack, the loss is not transferred to the user.

Also, Gemini’s application for Bitcoin ETFs trading is awaiting the verdict of the SEC. Bitcoin ETFs are highly regarded as they are eagerly awaited in the crypto space. The SEC decision is expected to be declared by February next year. Other digital currencies that are listed on Gemini include Zcash and Litecoin.

Eurekapro

Eurekapro is a Singaporean crypto exchange tailored for the Southeast Asia market. The platform intends to increase the adoption and accessibility of digital currencies in the region. For this reason, it supports most of the fiat currencies in the locale, including the Singapore Dollar, the Indonesian Rupiah, and the Malaysian Ringgit and so on.

Southeast Asia is one of the leading regions in terms of the adoption of cryptocurrencies and blockchain technology. As of now, Eurekapro is conducting an airdrop whereby $100,000 million worth of EKT tokens will be distributed.

Conclusion

While the crypto market has plunged in 2018, many people are still confident in the future of this emerging asset class. Regarding exchange platforms, the most significant bottleneck is their vulnerability to hacking attacks.

To capitalize on the increasing adoption of digital currencies, it is imperative for these trading platforms to invest in impenetrable security infrastructure.

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