Have you ever tried to buy crypto?
The biggest issue with crypto exchanges is that 99% of them are trading platforms and not exchanges to simply buy and sell crypto.
The London Crypto Exchange is a platform that has been developed for the sole purpose of buying and selling and not trading.
Popularity of Cryptocurrency
As of Q1 2021, there are over 4000+ cryptocurrencies and growing with a market cap of over $2 trillion.
Bitcoin accounts for $6 billion of daily transactions
More than 40 million people worldwide use some sort of cryptocurrency.
With Bitcoins paving the way forward, a lot of other cryptocurrencies have made their debt called Altcoins.
These Altcoins bring more to the stage than Bitcoin itself in the form of usage on the Blockchain
- 11.98% of millennials have invested in Cryptocurrencies of some kind, this breaks down to 8.23% for Gen X and 3.75% for baby boomers
- 87.95% have bought their crypto on an exchange, rather than mining them.
- Every 0.9 seconds there is a post on social media talking about Bitcoins, from Twitter, TikTok, Facebook, Instagram, Telegram, YouTube, etc.
- As of January 2021, there are 18.6 million Bitcoins in existence, there will only ever be 21 million.