EXPERTS Why crypto exchange is yet to reach the desired potentials 4 years ago Iwo Bulski Post Views: 724 For a crypto exchange to survive in the competitive world of crypto exchanges, it needs to offer a great mobile experience. The use of mobile phones has increased in the recent past which account for 5.1 billion people across the world owned a mobile device subscription, and it estimated that by 2025 this number would grow to 5.8 billion. A 4percent growth rate according to recent statistics report GSMA, it may not seem like much of the cut but if this prediction actualizes, 700 million people who did not have access to mobile devices in 2018 would gain access by 2025. As such, for an exchange that does not offer an excellent mobile experience is not likely to survive in this competitive industry. For implementation, the crypto exchange platform needs to build a tailored made mobile version which is going to support Android, iOS, and Mac. These will create more opportunities for the crypto exchange sector, and this will also ensure that as many people as possible can access the exchange no matter where they are. As this will result in a large user base, and more frequent trading, as well as more people, get to understand crypto exchange trading. It is part of the strategy that needs to be adopted by more exchanges, as this will grow liquidity, and most people today spend most of their time on mobile devices than on desktop computers. Finally, the adoption of crypto in many countries of the world is one challenge the industry still face today, as most governments today yet does not have full knowledge of how crypto exchanges work. Even those countries that have adopted it, like China, they are no clear-cut regulations regarding regulating crypto exchange. The acceptance crypto by the significant financial institution is limited, especially in Africa. Another great example the financial sector mainly is scared if crypto reaches its full potentials they won’t be central bank controlling your finances. One of the beauties of crypto you are in control of the money, transactions are fast, unlike the regular banks. It could take three days to receive money internationally, and it reduces corruption powered by blockchain that store every transaction. Article by Adeleye Awakan Associate/Editor www.gbc.ng Africa’s digital gaming news portal. For consultant, Africa gambling space, Bookmaker’s review, Content, thoughtful leadership article Africa gambling industry: feel free to reach me [email protected], Linkedin Adeleye Awakan. About Post Author Iwo Bulski Issues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. See author's posts Iwo BulskiIssues related to the gambling business is engaged in more than 30 years. My empirical experience gives me the opportunity to present events and companies from this business with full knowledge and industry knowledge. Facebook Twitter LinkedIn Email Print Tags: crypto exchange Continue Reading Previous Fintech ecosystem sprut gambling business in AfricaNext Mobile phone penetration made gambling viable in Africa More Stories EXPERTS KENYA Digital wallets as an enabler for financial services in Africa 2 days ago Szarlot EXPERTS NIGERIA Afreko Media Amplifies Its Betting Platform Portfolio With The Acquisition Of Gamblers.Africa 2 days ago Szarlot EXPERTS KENYA Unlocking the power of mobile trading: A financial revolution in Kenya 3 days ago Samuel EXPERTS SOUTH AFRICA Online gambling addiction is a pandemic in SA, sucking in children and adults 3 days ago Szarlot EXPERTS SOUTH AFRICA MultiChoice investors kiss R32 billion goodbye 3 days ago Samuel EXPERTS KENYA Flutterwave wants to invest $50 million in Kenya 6 days ago Samuel EXPERTS HOT NEWS KENYA GamStop and Responsible Gambling in Africa 6 days ago Szarlot EXPERTS KENYA National Treasury Drafts Strategy to Catch Tax Evaders 1 week ago Samuel CASINO EXPERTS Seven fun and interesting facts about slot machines 2 weeks ago Iwo Bulski EXPERTS ZAMBIA Crypto-Powered Cross-Border Payments in Africa 2 weeks ago Szarlot EXPERTS NIGERIA Nigeria is losing out on Blockchain Regulations 2 weeks ago Samuel EXPERTS HOT NEWS NIGERIA Responsible Gambling in Nigeria: The Role of GamStop 2 weeks ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.