With exchanges springing up left and right while MtGox puts the finishing touches on their Midas engine, the small-scale, C++ based MCXNow is still the only one that offers interest on their users’ deposits, emerging as a dark horse in an age where half the internet seems dark. Rumors abound of Satoshi Nakamoto trading on MCXNow, and with professional pump and dumpers like David Pate repping it hard on spaces like Twitter, I naturally decided to see things for myself and opened an account.

Releasing its current version 2.0 update about a month ago, MCXNow enjoys a no frills design in the interest of preserving speed. Essentially a portfolio manager for the different currencies and each of their exchanges, MCXNow provides each currency with its own panel accessible from the main homepage summarizing all of your holdings. Even my paltry, slightly-more-than-a-tenth-of Bitcoin would earn just enough in estimated annual interest to pay for its own withdrawal fee, so uber-traders selling their holdings daily just to buy them back at cheaper prices later on could pay for quite more than a few withdrawal fees over a year’s interest.

Parking large sums of crypto on a vulnerable internet exchange just to collect on interest can be nerve-wracking for some, but with Google Authentication support enabled it’s about as safe on MCXNow as anywhere else. MCXNow also requires no personal identification for the more paranoid-minded among us, and its custom built non-Oracle/Access/SQL database is inaccessible from the internet.

But will traders find enough to keep themselves and their assests parked at MCXNow? Certainly a particular class of large-scale traders today thinks so. Pages like http://thebitcoinnews.co.uk offer their take on weekly bullish signals at the exchange, and MCX has no dearth of support among the crypto-luminatti. And perhaps the smaller traders that will flock to MtGox and Bitstamp in fact have no place on a site like MCXNow. The incentives that MCX provides to larger traders has created for it its own niche, one which the heavy hitters in the crypto game have adopted as their own personal themepark.

If there’s one thing that the astronomical delays at MtGox in implementing its new engine has reaped, it’s the blossoming of the alternate exchanges and coins on the cryptocurrency roadmap. We’ve now arrived at a time where it is probably impossible for one exchange to dominate the overall trading value that MtGox has in the past. But with Midas looming on the horizon and MtGox hinting at support for other altcoins beyond Litecoin, what will the future look like for smaller exchanges like MCXNow? For now, it seems like at least MCXNow wouldn’t be bothered by anything.

You can access mcxNOW here: https://mcxnow.com/

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