A few years ago, every one of us was stunned by the news of bitcoin price surging to thousands of dollars, till that many of us didn’t know what bitcoin is. But cryptocurrencies like bitcoin were invented as back as 2008, earlier very few knew about it and when trading began then one can catch hold of a bitcoin in less than a dollar. If you are still thinking of what it is then let me clarify that it’s not a physical currency instead of a digital currency that can be stored in a digital wallet and invested as per need. Earlier there was the only bitcoin which were mined, secured and distributed using software developed by open source developers and anonymous groups. It also consumed lots of electricity for mining.

Why Crypto Is the future

Nowadays with changing times, there are many other cryptocurrencies that have been created and backed my many private entities. They have much-advanced security, distribution and mining technology mainly using blockchain and smart contracts. The key is to distribute the command so that no one could breach and hack the currencies as the encrypted code lies in n number of nodes. When the trading of cryptocurrencies started just like share markets there was an evolution of crypto exchanges. BitmexResources are one such name that has been very popular among the crypto traders. It was founded in Seychelles by Ben Dolo and Samuel Reed in 2014. Ben Dolo eventually became the first self-made youngest billionaire in the United Kingdom.

About Crypto Exchange

Bitmex has some staggering figures as far as trading is concerned like having more than a billion-dollar cryptocurrency trade on an average every day, having the most secure crypto exchange platforms in the world with frequent audits up to 100/second. In a month they turned to trade in about bitcoins and cryptocurrencies worth 73 billion US dollars while in a year the numbers turn out to be whooping 1 trillion US dollars. Though many countries don’t permit crypto coin trading for their citizens neither entertains any such platform from their country, some countries promote the use of cryptocurrencies and host many crypto exchanges. 

Conclusion

Crypto trading looks to be the thing in the future but if you are planning to invest in the cryptocurrency then you should know the in and out. You should also be aware of the volatility of the crypto market and prices can fall and rise monumentally within minutes because the whole world is an open market here with no boundaries and restrictions.