Cryptocurrencies are the latest asset class on the block. Cryptocurrencies utilize block-chain to offer solutions in all aspects of life and business, in a nutshell block-chain is a decentralized ledger that makes record transactions and processes automatically without the need of a central control, and for that reason impossible to temper with. The idea is simple, but the applications can have a tremendous impact in all industries, specially in the financial World. For that reason Wall-Street and governments are nervously watching on the sidelines the developments on the crypto sphere.
Due to its minuscule size market, cryptos experienced a massive growth from November of 2017 where the total capital into the crypto market grew from 125 billion to a staggering 825 billion in 2 months, a 560% growth! Follow by a massive sellout in January of 2018, from 825 towards 270 billion, a 67% correction, never the less this market is bound to grow exponentially in the coming years, some analysts in Wall-Street predict that the crypto market can easily surpass 3 to 5 trillion in the next 3 to 4 years. It is in deed a fantastic exiting market to be in, but investors have to be aware of the cryptos volatile nature, however smart money is considering cryptocurrencies a must have asset in a portfolio, with a 0.5% to 3% conservative exposure.
Binance is the biggest cryptocurrency exchange in the World, a blockchain ecosystem comprised of Exchange, Labs and Launchpad. It supports all devices and multiple languages, offering a seamless user experience. Binance is capable of processing 1,400,000 orders per second, making it the fastest exchange in the market today.
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Coinbase is the easiest and most trusted place to buy, sell, and manage your digital currency. You can buy, store and trade Bitcoin, Bitcoin cash, Ethereum and Litecoin. It supports more than 32 countries, it has more than 10 million customers and it has exchanged 50 billion plus so far. Coinbase also is looking to add other cryptocoins into its exchange.
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