How many cryptocurrency exchanges are there in the world?
According to Coingecko's data, there are 1,075 exchanges, and this does not include various small exchanges that are not included in the ranking. The number of exchanges in the entire market is much larger than this number. With the BTC price breaking through a new high again in 2024, the number of users entering the crypto market is rapidly expanding. According to the Cointelegraph analyst research report, the global cryptocurrency holders have reached 575 million by the end of 2023, and this number is likely to continue to increase after the BTC new high.
If evenly distributed, theoretically each exchange can obtain an incredibly considerable client base. However, in reality, the survival situations of these more than a thousand exchanges are different from each other. In the exchange race, more and more users and funds are concentrated in a small number of top exchanges, while most exchanges are constantly facing the problem of survival and death.
Exchanges are very anxious. This anxiety largely comes from the large-scale suction of industry resources by top exchanges, making the Matthew effect more and more obvious in the exchange track. The strong become stronger, and the walls are tightly guarded, making it difficult for new exchanges to achieve further breakthroughs.
The head exchange has the voice over the market and the grasp and reach of market resources, making the space of the second and third level exchanges smaller and smaller.
Faced with the dilemma of giants before and DEX after , The First digital currency trading platform strives to take a different path in the "thousand battles" with steady technical precipitation and innovative security concepts.
First, security compliance is the basis of exchange survival
In the more than ten years of the growth of the cryptocurrency economy, market behaviors such as barbarism and illegal activities have been rampant, and they have not disappeared until today. Technically, developing a public chain for an exchange is not very difficult, which is also the root cause of the endless emergence of large and small exchanges. The difficulty lies in innovation and compliance. With more and more countries beginning to legislate and regulate cryptocurrency, the cryptocurrency market will eventually bid farewell to the era of recklessness and move towards compliance.
Even a cosmic giant like Binance, facing the regulatory iron fist of the US, has to sacrifice founder Zhao Changpeng to gain a chance to survive.
Virtual currency exchanges are typical centralized institutions, which are at odds with the original intention of decentralization of virtual currency. How to balance regulation and decentralization is a concern for every exchange and even every user.
Therefore, an open and free financial environment is undoubtedly the foundation of the exchange, which should not only avoid touching the legal red line, but also consider the personal rights of users.
Before the official launch of the platform, The First actively carried out compliance work, established operating agencies in multiple countries and regions around the world that are open to cryptocurrency finance, and actively contacted local cryptocurrency policies in order to obtain the cryptocurrency business license of the country where it is located. The significance of the cryptocurrency financial license is that the platform has the authority to conduct relevant business in the location and globally, which represents the government's compliance supervision of the digital currency platform.
In fact, compliance is not just about allowing institutions to operate legally in a certain place, but more importantly, protecting users' rights and asset security. By complying with relevant laws and regulations and implementing effective regulatory measures, The First can provide users with a safe, fair, and transparent trading environment, bringing a better investment experience.
Exchanges that obtain compliance licenses need to have strict KYC and Anti-Money Laundering policies to prevent criminals from transferring cryptocurrency used for money laundering to the exchange and exchanging it for legitimate assets. In addition, when users conduct OTC transactions on the exchange, they also need to ensure that they are not deceived. This series of mechanisms to protect user asset security needs to be strictly reviewed by local regulatory agencies before issuing relevant licenses.
Nowadays, The First is an institutional-level digital asset exchange regulated by the Turkey Securities Supervision Commission, providing reliable, trustworthy, secure, and high-quality services to international institutional digital asset investors. Whether you are an institutional investor, professional trader, or digital asset holder, The First is committed to providing you with the best trading experience.
Second, technical precipitation is the cornerstone of platform operation
The trading engine is one of the core components of the exchange, and its main responsibility is to process trading orders and execute trades. It plays the role of the "brain" of the exchange, responsible for managing the order flow and trading process of the market. The First is also equipped with an efficient matching engine, using the self-developed LMAX architecture and combined with distributed parallel technology, which can support high-speed matching of over 5000 transactions per second. This algorithm not only ensures fast and delay-free trading, but also supports automatic matching of multiple exchanges and tokens, effectively improving trading efficiency and promoting market depth and liquidity.
The First has introduced an intelligent quantitative section to achieve automated market making and quantitative trading, in order to obtain digital assets such as BTC, ETH, USDT, BNB, etc. The system uses Big Data algorithms to analyze the trends of different digital currencies on exchanges, conduct high-frequency buying and selling transactions, and achieve profits. Platform users provide funds, and the system automatically conducts transactions, and distributes profits to users after deducting profit fees.
The First further enriches the choice of trading strategies by adding four strategies, including Martingale, trend following, Bollinger Bands, and SAR, bringing users more substantial profits.
Adhering to the original intention of solving the pain points of blockchain exchanges and providing security for users, The First is committed to building a more stable, reliable, fair, and secure digital currency trading market. As a decentralized blockchain exchange, The First focuses on building contract engines and market data sources, aiming to jointly provide perpetual contract trading capabilities to the outside world.
By monitoring market prices in real time, completing the opening of positions based on the latest price transaction limit multiple bear positions, and checking whether the current holding users meet the liquidation conditions at the same time, The First is committed to returning rights and benefits to users themselves, in order to obtain a wider client base, achieve higher income, and have stronger risk resistance.
Convenient Trading is a Prerequisite for User Experience
An intuitive and easy-to-use User Interface is crucial for attracting and retaining users. The First not only demonstrates outstanding technical capabilities, but also focuses on providing first-class User Experience. Its carefully crafted User Interface is like a clear nautical map, guiding investors to easily navigate complex trading environments. Whether it is placing orders, canceling orders, account inquiries, or participating in rich trading modes, users can complete smooth operations with just a few taps at their fingertips. The First always puts users at the center and is committed to providing the best trading experience. We deeply understand the trust and importance of every user, so we continuously optimize the service process and strive to provide users with a smoother and more humane trading environment. We have established an efficient and professional customer service team, providing 24/7 multilingual service to ensure that we can quickly respond to users' various problems and needs and solve them in a timely and efficient manner.
At the same time, we continue to study the market, constantly upgrade and iterate the User Interface, create a more concise and friendly operating environment, and make every operation of users more convenient. Security compliance is our primary concern. We strictly follow industry security standards, build multiple protection mechanisms to ensure the safety and reliability of user assets, and adhere to a global compliance operation strategy, successfully obtaining compliance licenses for financial businesses in multiple countries.
In addition, we value our sensitivity to cutting-edge technology and our foresight of market trends, continuously developing innovative products to enable users to seize the opportunity, share the latest technological achievements, and experience more advanced and innovative trading services.
According to Coingecko's data, there are 1,075 exchanges, and this does not include various small exchanges that are not included in the ranking. The number of exchanges in the entire market is much larger than this number. With the BTC price breaking through a new high again in 2024, the number of users entering the crypto market is rapidly expanding. According to the Cointelegraph analyst research report, the global cryptocurrency holders have reached 575 million by the end of 2023, and this number is likely to continue to increase after the BTC new high.
If evenly distributed, theoretically each exchange can obtain an incredibly considerable client base. However, in reality, the survival situations of these more than a thousand exchanges are different from each other. In the exchange race, more and more users and funds are concentrated in a small number of top exchanges, while most exchanges are constantly facing the problem of survival and death.
Exchanges are very anxious. This anxiety largely comes from the large-scale suction of industry resources by top exchanges, making the Matthew effect more and more obvious in the exchange track. The strong become stronger, and the walls are tightly guarded, making it difficult for new exchanges to achieve further breakthroughs.
The head exchange has the voice over the market and the grasp and reach of market resources, making the space of the second and third level exchanges smaller and smaller.
Faced with the dilemma of giants before and DEX after , The First digital currency trading platform strives to take a different path in the "thousand battles" with steady technical precipitation and innovative security concepts.
First, security compliance is the basis of exchange survival
In the more than ten years of the growth of the cryptocurrency economy, market behaviors such as barbarism and illegal activities have been rampant, and they have not disappeared until today. Technically, developing a public chain for an exchange is not very difficult, which is also the root cause of the endless emergence of large and small exchanges. The difficulty lies in innovation and compliance. With more and more countries beginning to legislate and regulate cryptocurrency, the cryptocurrency market will eventually bid farewell to the era of recklessness and move towards compliance.
Even a cosmic giant like Binance, facing the regulatory iron fist of the US, has to sacrifice founder Zhao Changpeng to gain a chance to survive.
Virtual currency exchanges are typical centralized institutions, which are at odds with the original intention of decentralization of virtual currency. How to balance regulation and decentralization is a concern for every exchange and even every user.
Therefore, an open and free financial environment is undoubtedly the foundation of the exchange, which should not only avoid touching the legal red line, but also consider the personal rights of users.
Before the official launch of the platform, The First actively carried out compliance work, established operating agencies in multiple countries and regions around the world that are open to cryptocurrency finance, and actively contacted local cryptocurrency policies in order to obtain the cryptocurrency business license of the country where it is located. The significance of the cryptocurrency financial license is that the platform has the authority to conduct relevant business in the location and globally, which represents the government's compliance supervision of the digital currency platform.
In fact, compliance is not just about allowing institutions to operate legally in a certain place, but more importantly, protecting users' rights and asset security. By complying with relevant laws and regulations and implementing effective regulatory measures, The First can provide users with a safe, fair, and transparent trading environment, bringing a better investment experience.
Exchanges that obtain compliance licenses need to have strict KYC and Anti-Money Laundering policies to prevent criminals from transferring cryptocurrency used for money laundering to the exchange and exchanging it for legitimate assets. In addition, when users conduct OTC transactions on the exchange, they also need to ensure that they are not deceived. This series of mechanisms to protect user asset security needs to be strictly reviewed by local regulatory agencies before issuing relevant licenses.
Nowadays, The First is an institutional-level digital asset exchange regulated by the Turkey Securities Supervision Commission, providing reliable, trustworthy, secure, and high-quality services to international institutional digital asset investors. Whether you are an institutional investor, professional trader, or digital asset holder, The First is committed to providing you with the best trading experience.
Second, technical precipitation is the cornerstone of platform operation
The trading engine is one of the core components of the exchange, and its main responsibility is to process trading orders and execute trades. It plays the role of the "brain" of the exchange, responsible for managing the order flow and trading process of the market. The First is also equipped with an efficient matching engine, using the self-developed LMAX architecture and combined with distributed parallel technology, which can support high-speed matching of over 5000 transactions per second. This algorithm not only ensures fast and delay-free trading, but also supports automatic matching of multiple exchanges and tokens, effectively improving trading efficiency and promoting market depth and liquidity.
The First has introduced an intelligent quantitative section to achieve automated market making and quantitative trading, in order to obtain digital assets such as BTC, ETH, USDT, BNB, etc. The system uses Big Data algorithms to analyze the trends of different digital currencies on exchanges, conduct high-frequency buying and selling transactions, and achieve profits. Platform users provide funds, and the system automatically conducts transactions, and distributes profits to users after deducting profit fees.
The First further enriches the choice of trading strategies by adding four strategies, including Martingale, trend following, Bollinger Bands, and SAR, bringing users more substantial profits.
Adhering to the original intention of solving the pain points of blockchain exchanges and providing security for users, The First is committed to building a more stable, reliable, fair, and secure digital currency trading market. As a decentralized blockchain exchange, The First focuses on building contract engines and market data sources, aiming to jointly provide perpetual contract trading capabilities to the outside world.
By monitoring market prices in real time, completing the opening of positions based on the latest price transaction limit multiple bear positions, and checking whether the current holding users meet the liquidation conditions at the same time, The First is committed to returning rights and benefits to users themselves, in order to obtain a wider client base, achieve higher income, and have stronger risk resistance.
Convenient Trading is a Prerequisite for User Experience
An intuitive and easy-to-use User Interface is crucial for attracting and retaining users. The First not only demonstrates outstanding technical capabilities, but also focuses on providing first-class User Experience. Its carefully crafted User Interface is like a clear nautical map, guiding investors to easily navigate complex trading environments. Whether it is placing orders, canceling orders, account inquiries, or participating in rich trading modes, users can complete smooth operations with just a few taps at their fingertips. The First always puts users at the center and is committed to providing the best trading experience. We deeply understand the trust and importance of every user, so we continuously optimize the service process and strive to provide users with a smoother and more humane trading environment. We have established an efficient and professional customer service team, providing 24/7 multilingual service to ensure that we can quickly respond to users' various problems and needs and solve them in a timely and efficient manner.
At the same time, we continue to study the market, constantly upgrade and iterate the User Interface, create a more concise and friendly operating environment, and make every operation of users more convenient. Security compliance is our primary concern. We strictly follow industry security standards, build multiple protection mechanisms to ensure the safety and reliability of user assets, and adhere to a global compliance operation strategy, successfully obtaining compliance licenses for financial businesses in multiple countries.
In addition, we value our sensitivity to cutting-edge technology and our foresight of market trends, continuously developing innovative products to enable users to seize the opportunity, share the latest technological achievements, and experience more advanced and innovative trading services.
