According to Coinmarketcap.com, there are more than 1600 cryptocurrencies that can currently be traded.
With the rapid development of cryptos, the need for rapid asset exchange becomes striking. One minute in cryptocurrency trading is like a week while one day is almost a month. The combination of class, accountability and security is required for the exchange of coins every day.
 
Often, a functioning coin exchange service usually comes with a large-price transaction fee. Why? This is largely because the majority of the top bourses are started by those who want to hack the crypto investors by charging high fees for exchange.
This kind of exchange is known as the Centralized Exchanges. They are usually controlled by a central authority that takes all the benefits of your investment. This eliminates the ideals of blockchain technology that frees freedom from the cost and central authority.
Now decentralized exchanges are gradually taking over. Main exchanges like Binance with BNB tokens, Bitshares with BTS token and now Cobinhood with COB tokens. This exchange provides an asset's liquidity quickly using their own token as an intermediary so as to speak.
Now decentralized exchanges are gradually taking over. Main exchanges like Binance with BNB tokens, Bitshares with BTS token and now Cobinhood with COB tokens. This exchange provides an asset's liquidity quickly using their own token as an intermediary so as to speak.