Joao Wedson
The Crypto Exchange Graveyard continues to grow.
Over the years, dozens of exchanges that once appeared strong, relevant and permanent eventually disappeared.
Some collapsed because of hacks, fraud or insolvency.
Others lost liquidity, trading volume, users and relevance.
Here are some of the most notable examples:
• Bitcoinica: 2011 to 2012 | Less than 1 year
• TradeHill: 2011 to 2013 | 2 years
• Bitfloor: 2011 to 2013 | 2 years
• Mt. Gox: 2010 to 2014 | 4 years
• Vault of Satoshi: 2013 to 2015 | 2 years
• MintPal: 2014 to 2015 | 1 year
• Cryptsy: 2013 to 2016 | 3 years
• BTC-e: 2011 to 2017 | 6 years
• BitConnect: 2016 to 2018 | 2 years
• WEX: 2017 to 2018 | 1 year
• BitGrail: 2017 to 2018 | 1 year
• QuadrigaCX: 2013 to 2019 | 6 years
• Cryptopia: 2014 to 2019 | 5 years
• C-CEX: 2013 to 2019 | 6 years
• CoinExchange: 2016 to 2019 | 3 years
• Liqui: 2016 to 2019 | 3 years
• Coinnest: 2017 to 2019 | 2 years
• Cobinhood: 2017 to 2020 | 3 years
• FCoin: 2018 to 2020 | 2 years
• Altsbit: 2019 to 2020 | Less than 1 year
• Livecoin: 2013 to 2021 | 8 years
• Thodex: 2017 to 2021 | 4 years
• FTX: 2019 to 2022 | 3 years
• AAX: 2018 to 2022 | 4 years
• Hoo Exchange: 2018 to 2022 | 4 years
• LocalBitcoins: 2012 to 2023 | 11 years
• Bittrex: 2014 to 2023 | 9 years
• Hotbit: 2018 to 2023 | 5 years
• OPNX: 2023 to 2024 | Less than 1 year
• LocalMonero: 2017 to 2024 | 7 years
• DMM Bitcoin: 2018 to 2025 | 7 years
• KUNA: 2014 to 2025 | 11 years
• Zondacrypto: 2014 to 2026 | 12 years
• Bitcom: 2020 to 2026 | 6 years
• AscendEX: 2018 to 2026 | 8 years
• BitMEX: 2014 to 2026 | 12 years
• BitMart: 2018 to 2026 | 8 years
This history reveals an important reality about the crypto market:
Exchanges are companies.
They depend on liquidity, users, revenue, security, regulation and competent management.
They can grow quickly, dominate the market and still disappear years later.
Bitcoin continued producing blocks throughout every one of these events. ₿
The protocol remains.
The intermediaries change.
Not your keys, not your coins. 🔑
The Crypto Exchange Graveyard continues to grow.
Over the years, dozens of exchanges that once appeared strong, relevant and permanent eventually disappeared.
Some collapsed because of hacks, fraud or insolvency.
Others lost liquidity, trading volume, users and relevance.
Here are some of the most notable examples:
• Bitcoinica: 2011 to 2012 | Less than 1 year
• TradeHill: 2011 to 2013 | 2 years
• Bitfloor: 2011 to 2013 | 2 years
• Mt. Gox: 2010 to 2014 | 4 years
• Vault of Satoshi: 2013 to 2015 | 2 years
• MintPal: 2014 to 2015 | 1 year
• Cryptsy: 2013 to 2016 | 3 years
• BTC-e: 2011 to 2017 | 6 years
• BitConnect: 2016 to 2018 | 2 years
• WEX: 2017 to 2018 | 1 year
• BitGrail: 2017 to 2018 | 1 year
• QuadrigaCX: 2013 to 2019 | 6 years
• Cryptopia: 2014 to 2019 | 5 years
• C-CEX: 2013 to 2019 | 6 years
• CoinExchange: 2016 to 2019 | 3 years
• Liqui: 2016 to 2019 | 3 years
• Coinnest: 2017 to 2019 | 2 years
• Cobinhood: 2017 to 2020 | 3 years
• FCoin: 2018 to 2020 | 2 years
• Altsbit: 2019 to 2020 | Less than 1 year
• Livecoin: 2013 to 2021 | 8 years
• Thodex: 2017 to 2021 | 4 years
• FTX: 2019 to 2022 | 3 years
• AAX: 2018 to 2022 | 4 years
• Hoo Exchange: 2018 to 2022 | 4 years
• LocalBitcoins: 2012 to 2023 | 11 years
• Bittrex: 2014 to 2023 | 9 years
• Hotbit: 2018 to 2023 | 5 years
• OPNX: 2023 to 2024 | Less than 1 year
• LocalMonero: 2017 to 2024 | 7 years
• DMM Bitcoin: 2018 to 2025 | 7 years
• KUNA: 2014 to 2025 | 11 years
• Zondacrypto: 2014 to 2026 | 12 years
• Bitcom: 2020 to 2026 | 6 years
• AscendEX: 2018 to 2026 | 8 years
• BitMEX: 2014 to 2026 | 12 years
• BitMart: 2018 to 2026 | 8 years
This history reveals an important reality about the crypto market:
Exchanges are companies.
They depend on liquidity, users, revenue, security, regulation and competent management.
They can grow quickly, dominate the market and still disappear years later.
Bitcoin continued producing blocks throughout every one of these events. ₿
The protocol remains.
The intermediaries change.
Not your keys, not your coins. 🔑
Forwarded from 🇹ｏｐ🇿ｏｅｉ🇷Ａ (Apellõn)
O dono do cemitério apareceu para apoiar uma das suas marionetes.
Forwarded from 🇹ｏｐ🇿ｏｅｉ🇷Ａ (Apellõn)
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7 roubos legalizados no Brasil.
Max Keiser
The world is experiencing entropy at an accelerated pace.
El Salvador is experiencing the opposite: Negentropy.
Negentropy describes the degree of order or the “distance” from maximum disorder (for example, how much less entropy a system has compared with a reference disordered state). Living systems are often described as negentropic because they maintain and increase local order by exporting entropy to their surroundings.
The world is experiencing entropy at an accelerated pace.
El Salvador is experiencing the opposite: Negentropy.
Negentropy describes the degree of order or the “distance” from maximum disorder (for example, how much less entropy a system has compared with a reference disordered state). Living systems are often described as negentropic because they maintain and increase local order by exporting entropy to their surroundings.