Hey everyone and thanks for reading this in advance, I hope this is of use for those who are still thinking about where we are at with cryptocurrencies.
Right now if any of you wanted to invest into the current tech you would have to log onto an exchange and buy cryptocurrency from there, since a few months ago the fiat/crypto market started seeing a huge increase in demand and quite a decrease in Bitcoin use.
Since the trend of USD/Altcoin is getting higher we've seen some huge markets like Bitfinex take over them and recently Binance, their only competitor, has just recently announced a move to Malta and as soon as that happened they announced fiat markets.
Few days after that announcement, an article has been released announcing a very likely move to Switzerland from Bitfinex, thus getting into Europe territory, just as Binance, and just to get things even better, after that article has been released they have announced the implementation of GBP/JPY markets for a bunch of altcoins.
What exactly does this mean? Well, what I see right here is the most possible thing happening is that the biggest exchanges working right now are switching to fiat and trying to decouple Altcoins from Bitcoin.
How will this benefit us? If new fiat markets show up and with great transparency as Bitfinex's and Binance's goal seems like it is, more new money will be entering the market in a much easier way, on another hand, we will see the altcoins real value without Bitcoin affecting it.
Another huge update is that both exchanges are working to create decentralized exchanges, Bitfinex is building EOSFinex, a high performance decentralized exchange based on the EOS platform and Binance is building it, as far as we know, on Binance Chain or BNB.
This will surely avoid many trust issues with exchanges.
What to expect from the future? We can not tell for sure what's going to happen tomorrow but I am quite confident in cryptocurrencies changing the world as we know it, economically and technological talking.
For those wondering why I am only comparing those 2: https://coinmarketcap.com/currencies/volume/24-hour/
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