There are quite a lot of large crypto currency exchanges that are focused on the mail crypto currencies such as Bitcoin, Litecoin, Ethereum, DOGE etc. There are not that much options available that have many coins available for trading, especially when talking about more recent coins. The first two large ones are Bittrex and Poloniex.
There is a positive correlation between the value, or market capitalization, of a cryptocurrency and the number of exchanges that it is listed on. For the top 1,000 cryptocurrencies, the correlation is over 50 percent. Elementary data analysis indicates that the market capitalization of the coin or token crudely increases with exchange listings. However, correlation is not the only cause and it is not wise to conclude that simply listing a cryptocurrency on more exchanges always is an addition of more value to the cryptocurrency.
Correlation explains how much two variables are related. A correlation of 100 percent means that the positive change in one variable is perfectly related to the positive change in the other variable. If the correlation between cryptocurrency value and exchange listings was 100 percent, then it would possible to observe an exactly proportional increase in market capitalization with an increase in the number of exchange listings.
Since the correlation is over 50 percent, it might be great to list on as many exchanges as possible to maximize the value of the token. Even though market capitalization and the exchange listings are somewhat correlated in a linear manner, it does not mean that listing on more exchanges surely results in an increase in market capitalization. Especially when a little more analysis reveals the presence of major outliers.
Crypto buying and selling depends on the access to the initial release is limited only to premium accounts or the paid accounts, users can now instantly buy cryptocurrencies from the applications. One can select their preferred currency of their choice. While starting with Bitcoin, Ether and Litecoin, there are many fiat currencies available from which anyone can choose. Like, buy bitcoin for dollars or sell the other way around.
24-1-2018 5:38 pm