EXPERTS Why crypto exchange is yet to reach the desired potentials 2 years ago Iwo Bulski Post Views: 614 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 SOUTH AFRICA BMM South Africa gets licensed to provide compliance testing services in Tanzania 2 days ago Iwo Bulski EXPERTS WORLD NEWS WhatsApp allows people to sneak out of group chats 2 days ago Samuel EXPERTS SOUTH AFRICA GLI Africa expands service offering 2 days ago Samuel EXPERTS KENYA Poor tax policy erodes Kenya’s investor attractiveness – survey 3 days ago Szarlot EXPERTS WORLD NEWS Answers to the iGaming industry’s most pressing questions 4 days ago Samuel EXPERTS SOUTH AFRICA Illegal slots seized, destroyed in raids 4 days ago Iwo Bulski EXPERTS NIGERIA SBWA + 2022 Summit this week in Nigeria 2 weeks ago Iwo Bulski EXPERTS NIGERIA Money laundering: ECOWAS agency fingers Nigerian casinos 2 weeks ago Iwo Bulski EXPERTS KENYA Kenya launches AML probe focusing on betting operations 2 weeks ago Iwo Bulski EXPERTS KENYA Digital scams have hit Kenya’s gambling and travel industry 2 weeks ago Samuel EXPERTS WORLD NEWS Slotegrator reviews the worldwide trend of gambling legalization 3 weeks ago Iwo Bulski EXPERTS GHANA Betting is destroying Ghana football 3 weeks ago Samuel 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.