In 2015, the cryptocurrency exchange market underwent significant changes as it gained more recognition and adoption globally. While Bitcoin had already been around for several years, the infrastructure for trading digital currencies was still in its infancy. New platforms emerged, and older exchanges began to improve their services to accommodate growing interest from investors and traders.
By 2015, the number of crypto exchanges expanded, and there were noticeable differences in their features. Key factors that defined their success included:
- Security protocols
- User experience
- Volume of supported assets
- Transaction fees
At this stage, centralized exchanges were dominating the market. However, decentralized exchanges (DEXs) were starting to emerge, sparking interest in an alternative trading model. The innovations of 2015 laid the foundation for the exchanges we see today, with a focus on scalability and improved liquidity.
“The cryptocurrency exchange ecosystem was evolving fast, and 2015 marked a pivotal year where many of the top platforms started to expand their offerings and improve trust among users.”
| Exchange | Founded | Notable Feature |
|---|---|---|
| Coinbase | 2012 | Easy fiat-to-crypto transactions |
| Poloniex | 2014 | Advanced trading tools |
| Bitfinex | 2012 | High liquidity for large traders |