4 Issues Centralized Bitcoin Exchanges Need to Address in 2018


Centralized exchanges are a convenient way for consumers to enter the cryptocurrency world. Even so, these centralized platforms are not without issues and drawbacks. Various problems can arise when using these exchanges, which only highlights the need for decentralized trading solutions. 4. Lack of Transparency Around Volume Rumors regarding trading manipulation across cryptocurrency exchanges have persisted for quite some time now. Although Upbit was recently cleared of such allegations, a fair few trading platforms have never been officially audited. This raises the question as to whether or not there is any manipulation going on. It is an aspect of exchanges which will need to be regulated and monitored sooner rather than later. Nothing prevents users from creating buy orders and sell orders to spice up overall trading volume numbers. 3. Infrastructure Issues As has become very apparent throughout the past 18 months, centralized exchanges are often ill-equipped to deal with large increases in their customer base. The growing number of users puts additional strain on the existing trading engine, backend, customer support, and so forth. Poloniex has seen its fair share of issues in this regard, and Kraken was forced to upgrade its overall infrastructure not that long ago. Additionally, the security aspect of exchanges is also thoroughly tested when platforms become popular. Cryptocurrency exchanges are a prime target for hackers and criminals. Numerous hacks have occurred over the years, and this trend will not be slowing down anytime soon. As such, exchanges need to step up their game in…
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