Business model, exchange, cryptocurrency, money, Binance, markets, wallet, PEA Plane Equity Savings Account, broker, market makers, market mixing, DeFi Decentralised Finance, farming, James Chanos, Kynikos, European Commission, stablecoins, OpenSea, CryptoSlam, NFT, Coinhouse, Bored, Mutant Ape Yacht Club, CryptoPunks, value chain
Today there are more than 600 cryptocurrency exchanges in the world. Some cryptocurrency exchange platforms are no longer start-ups. A hundred of them are engaged in a fierce war of prices in order to capture customers. The Binance platform, for example, which is the world leader with 70% market share, is investing hundreds of millions of USD to improve its infrastructure. With more than 85 million customers and 3,500 employees, the company is present in more than 40 countries. It aims for global geographic coverage and a presence across the entire cryptocurrency value chain.
[...] Be a global player and a digital asset service provider A major area of development for the platforms is external growth, which makes it possible to diversify its scope of activities. Binance made purchases in the payments (Swipe), stablecoins (BxB) and data provision (CoinMarketCap) sectors. Binance has also created its own cryptocurrency, Binance Coin, which serves as an exchange currency throughout its ecosystem. Users are encouraged to pay their fees in this cryptocurrency and get incentivised to do so by receiving discounts. Binance Coin is now the third-largest cryptocurrency in the world, behind bitcoin. New Eldorado NFTs? Binance strongly believes in the development of NFTs. [...]
[...] Conclusion Through the different platforms studied, we distinguish the different aspects and axes of development of the economic model: Be a global player in cryptocurrencies and intervene throughout the value chain. Multiply billing channels. Maximise digital asset trading volumes. Create more digital assets to increase trading volumes. Create your own cryptocurrencies in order to control the value-added chain. Massive investments guarantee the security of deposits and prevent the theft of digital wallets. This allows you to stand out from competitors and attract more customers. Use regulation as a marketing argument. Permanent innovation with the example of NFTs. [...]
[...] We must remember the sensational introduction of Coinbase on the Nasdaq on April At the end of the first day, the valuation of the platform exceeded 86 billion USD. But, in 2022, the main American cryptocurrency exchange platform became the target of James Chanos, the famous short seller. The founder of the Kynikos fund believes that Coinbase has become a speculative stock and that its price is destined to fall in 2022. Coinbase indeed fell by 26% in the first quarter of 2022. [...]
[...] We can see all the fierce competition faced by cryptocurrency exchange platforms in terms of NTF. Since the beginning of 2022, market conditions have been much less favourable for NFTs, which were once very profitable, but which have not been spared by the general market correction and the drop in activity. According to the CryptoSlam site, volumes on NFTs fell 40% in the first quarter of 2022, to billion. Investors are still buying so many apes and digital mutants from the Bored, Mutant Ape Yacht Club, CryptoPunks and avatars from the Azuki Metaverse. [...]
[...] Become a crypto-bank by offering savings products and means of payment. [...]
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