Analyzing Patterns of Crypto Exchange Launches

Over the past few years, cryptocurrency has evolved from being obscure and predominantly associated with illegal activities into a mainstream financial instrument as adoption increased. The number of global cryptocurrency owners has risen nearly 350% over the last two years. Centralized exchanges are the most common gateway to crypto because of their fiat on-ramp, user-friendly interface, lower fees, and various other features. In 2021, 93% of the cryptocurrency trading volumes were produced on centralized exchanges. 

With increasing recognition from retail and institutional investors, governments are making a concrete effort to create regulatory frameworks for digital assets, thereby bestowing the crypto movement with a sense of legitimacy.