Despite the current state of the cryptocurrency market, the industry is expected to explode to $4.94 billion by 2030, more than three times its estimated size of $1.49 billion in 2020, according to a recent report by Allied Market Research. Currently, at least one in five Americans have invested in, traded, or used cryptocurrency.
Especially when the biggest online cryptocurrency exchanges halt withdrawals in desperate times, smaller platforms attempting to tempt investors to migrate their wallets might become more appealing to investors. And those lesser-known platforms might even be more geographically convenient, visually appealing, or simply underrated. Here are some exchange platforms that most traders and newcomers have simply never heard of:
1. Matrix
Based in Abu Dhabi, Matrix is a globally operated and regulated Multilateral Trading Facility and Custodian that is dedicated to providing a compliant, secure, and fast virtual asset trading experience. Matrix complies with the Abu Dhabi Global Market (ADGM) virtual asset framework and is spearheading the push for virtual asset adoption in the Gulf region and broader Middle East.
Matrix offers investors AML/KYC compliance, regulatory oversight, and offline storage to secure the platform and users, as well as multi-node disaster tolerance, remote disaster recovery, and multi-server switching to ensure stability and reliability of the trading system. By leveraging its high-performance core matching engine, Matrix is able to undertake large volumes of trading orders. Matrix is one of the few global trading venues providing support for global fiat deposits, enabling faster trading.
2. XBO
XBO is an up and coming crypto exchange that is set to launch later this summer, with the agenda to make digital currencies more accessible to everyone. The platform was born after the founders, who had vast experience in online trading, forex, and gaming, decided to transform their in-house product originally created for the benefit of trading, into the com modules for a crypto exchange that would take on the biggest domains.
The soon-to-be-released platform focuses on user experience and contains social gaming UX elements, appealing to amateur investors that find traditional crypto trading platforms intimidating and experienced investors alike. The company’s vision of “Crypto for everyone” strengthens the founders’ belief that attracting newcomers to digital assets can elevate and empower all investors.
3. Wingriders
An up-and-coming decentralized exchange (DEX) on Cardano, WingRiders aims to be the Uniswap of the Cardano blockchain, offering an essential infrastructural piece of the proof-of-stake leader’s ecosystem.
The WingRiders platform allows users and other dApps simple access to exchanging tokens, as well as the option to provide liquidity and staking. By utilizing Cardano’s proof-of-stake blockchain, WingRiders provides the cardano community, crypto enthusiasts, investors, and projects with a safe, fast, scalable, and affordable decentralized exchange.
WingRiders will offer stablecoins on its platform as a safe-haven asset for users during volatile market conditions. The DEX arms investors on the Cardano blockchain with all the trading tools and “safe harbor assets” available, such as pegged tokens, to help drive liquidity and trade volume across crypto exchanges.
4. dHedge
Australia-based asset-management platform dHEDGE offers investors tools that typical trading platforms and exchanges don’t. Built on Ethereum, the platform allows users to hold and trade assets by utilizing different protocols, enabling traders to run liquidity across Ethereum, Polygon, and Optimism.
Created to simplify crypto investment for beginners and experts alike, dHEDGE offers investors to learn their way around by pairing them with crypto-savvy asset managers who can provide users with financial and asset-management advice for managing their decentralized crypto and blockchain assets.
dHEDGE asset managers can implement a flat “management fee” to investors. The management fee allows managers to set a personal fee rate and guarantees income without taking into account an investor’s performance threshold.
5. Bitcoin.com
With a big network of users and known to be one of the most well-known crypto exchange platforms, Bitcoin.com is on the list because despite its popularity it is still underrated when compared with the bigger names out there. The platform allows its users to buy, sell, trade, earn and use crypto.
The platform also features a learning center that helps educate newcomers on how to deal with cryptocurrencies. As with all the big platforms, Bitcoin.com contains real-time information of the crypto market and the ability to engage in casino-esque play-to-earn games that are completely anonymous, values its users privacy and offers the ability to immediately cash out.
