Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

ChangeNOW: What Moves the Crypto Exchange Industry?

CryptocurrencySep 24, 2021 03:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
ChangeNOW: What Moves the Crypto Exchange Industry?

There are more than 6000 different cryptocurrencies out there in the crypto world, with a combined market cap of above $2 trillion. Investors around the world are eager to trade in this rapidly-growing space, and a bunch of cryptocurrency platforms have emerged to meet the need for infrastructure required to support the exchange of digital currencies.

Anyone looking to buy, trade, or sell cryptocurrencies, from crypto newbies to pros, has to choose a cryptocurrency exchange platform that best serves their needs and goals. As there are countless platforms in the market, and many more emerging at the current time, the question is how to stand out from the competition in a highly saturated industry?

In an exclusive interview with DailyCoin, Mike Ermolaev, head of PR at crypto exchange platform ChangeNOW, explains what forces push the crypto exchange platform industry forward.

A Non-Custodial Crypto Service

ChangeNOW is a user-friendly platform for instant, limitless, and registration-free cryptocurrency exchange, founded in 2017. Currently, there are around 320 coins available on the platform for exchange. As the platform is non-custodial and doesn’t store funds, users are safe from hacks and fraud.

Ermolaev explains that their priority is building an ecosystem to provide customers with a broad range of services and tools. The company is currently working on ten different projects, and Ermolaev is pleased with the company’s results.

Recently, ChangeNOW released an official app, the NOW Tracker, for instant cryptocurrency exchange services. The tracker allows users to add any cryptocurrencies to a single portfolio and monitor their rates on the go, either automatically or manually.

As privacy is essential for the company, no personal data is collected or stored by the NOW Tracker, or any third party. All data remains on a given user’s devices, so only they can control it.

Ermolaev highlights that the next steps for the company will be scaling and enlarging the ecosystem. They are focused on releasing a wallet that allows their customers to store cryptocurrencies inside the ChangeNOW ecosystem.

Market Demand Diversity

CoinMarketCap rates 302 top-performing exchange platforms, with numerous exchanges not making the list. It may therefore seem complicated to get the spotlight in this saturated market and gather a substantial user base.

However, Ermolaev believes that big players monopolizing the market are not the answer to innovation.

"Why does the crypto market need one more crypto exchange service? In my opinion, diversity is what any market demands. If you have only one big service, it doesn't push the industry forward and only in rivalry and in the competition you can see the real move," mused Ermolaev.

According to Ermolaev, crypto is experiencing a crucial moment. Despite the occasional fluctuation in value, Ermolaev points out that the market is growing in general. Cases of mass adoption are emerging, such as El Salvador adopting Bitcoin as currency, despite protests and associated risks.

"It is a precedent. We have been waiting for that for a long, long time, and it happened. You see, for example, the essential reactions. You see the official reactions of other governments like Cuba, for example, or some Central American states. It is essential for both mass adoption and the future of crypto," emphasized Ermolaev.

A big future goal for ChangeNOW is boosting the mass adoption of crypto. Mass adoption could be reached by developing the product and the ecosystem towards becoming a bridge between crypto and fiat services via cooperation with non-crypto FinTech entities.

On The Flipside

  • As the crypto exchange market is highly saturated, ChangeNOW will have to fight for its spot in the light.
  • The more prominent exchange platforms tend to attract higher numbers of users.
  • The overload of information makes it hard for customers to distinguish the unique value proposition of different crypto service providers.

Why You Should Care?

The variety of exchange platforms and competition pushes the crypto exchange industry forward. ChangeNOW is a non-custodial, registration-free exchange platform that puts the privacy and trust of their clients first.

Watch the full interview next week here.


Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

ChangeNOW: What Moves the Crypto Exchange Industry?

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email