Cryptocurrency exchanges

3

Cryptocurrency exchanges, also known as digital currency exchanges or digital currency platforms, are businesses that allow customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money. They can be marketplaces where traders buy and sell Bitcoins with each other at the current market rate. The meteoric rise in cryptocurrency value has been met by a proportional increase in the number of cryptocurrency exchanges. In 2017, Coinbase was handling twice as many transactions as it did during its peak in December of 2013 when Bitcoin first became popular and reached $1200 per 1 BTC coin. Coinbase is one of the largest Bitcoin brokers and has over 20 million users. It's easy to see why they have such a huge influx of new people who want to buy Bitcoin - they offer an easy way to trade cryptocurrency with your bank.