Chinese regulators are trying to ban cryptocurrency exchanges. In this case, such prohibitions apply only to centralized cryptocurrency exchanges, where cryptocurrency buyers or sellers interact with an organization that keeps customers currency on its platform. P2P cryptocurrency exchangers do not fall under restrictive legal norms, so Chinese cryptocommunity has already massively switched to well-known P2P exchangers. For example, LocalBitcoins recently reported on the growth of visitors several times!

New players, old functions

Market players understand that the vector for P2P exchangers is fairly hard. Therefore, now quick-thinking entrepreneurs create clones of popular P2P cryptocurrency exchanges. LocalEthereum and LocalMonero — recently created exchangers have LocalBitcoins similar interface and functionality. On the wave of shaking cryptocurrency world, they are going to earn significant amounts of money. But their creators do not understand that such projects have a short-term perspective. Is it convenient to have hundreds of exchange websites for each coin?

The strongest survive

Now the market of cryptocurrency exchange has a disordered state. Because every market player moves in different directions, and does not focus on the experience of competitors and uses best practices. Qvolta — is a P2P cryptocurrency exchange platform which allows you to exchange all popular coins to fiat money in one place using local payment methods. People will no longer need to have hundreds of logins and passwords for each exchange. Qvolta has long-sighted interests, so soon a mobile application will be released, with which it will be possible to exchange any tokens for fiat anywhere without a computer.

The perfection of mankind converges to multitasking and multifunctionality. It is obvious that mono-tasking platforms will go to the past today, not tomorrow.

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