Competitive Analysis

As the core function of crypto exchanges, the exchanges match buyers and sellers to trade in cryptocurrencies - whether with each other, or with a pool of assets operating by smart contracts.

With presence of both centralized and decentralized exchanges, there is a growing awareness towards the user's need of decentralization of virtual assets but at the same time, the users want approachability, support and accountability in their trade operations which can only be attained with centralized platforms. Users are discerning on the security policies and facilities backing the asset custodies, with an increased awareness between hot and cold wallets.

The exchanges would differ on the following parameters:

• the provisions for the extent of basic trading and advanced trading methods

• liquidity on the trades

• Issuance of transaction instruments

• Ease and promptness of customer service

• Roadmap of developments

• Ease of usage

• Real world financial scenarios brought within the cryptocurrency sphere

• Rewards on frequency of usage and trading

• Focus on veteran traders vs bringing familiarity for novice traders with complex trading methods.

To know what Koinbay specifically focuses on, in its current and upcoming developments to differentiate it from other exchanges, read about it here: Value Proposition of Koinbay