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The ongoing cryptocurrency bear market has impacted several elements of the sector, with exchanges emerging as the latest entities to feel the hit. Indeed, the number of exchanges has dropped as crypto-related businesses struggle to remain afloat amid significant sell-offs.
As of July 6, the number of crypto exchanges globally stood at 500, a drop from highs recorded in previous months. By using a web archive tool, Finbold has determined the sector has lost 25 exchanges in 30 days, considering that on June 6, the figure stood at 525, according to CoinMarketCap …….
Source: https://finbold.com/bear-market-wipes-25-cryptocurrency-exchanges-in-30-days/