By all accounts, Bitcoin has had an excellent year. While 2018 was nothing if not a blood bath, 2019 had been an amazing reversal of fortunes.

The price of Bitcoin started the year just above $3,000—a stunning drop from all-time high prices at the beginning of last year just over $20,000. However, in just six months, the cryptocurrency has reversed this trend, holding steady in recent trading over $12,000.

This nearly 400% increase in price has led to a new wave of cryptocurrency interest and investment from Wall St. What’s more, other smaller investors are getting in on the action this time around.

And with all the new activity in the space, cryptocurrency exchanges are responding to the changing market scenes. For exchanges that endured the sufferings of last year, 2019 should be a strong year. But old exchanges appear to be dying out and being replaced by new, more robust models, like AMFEIX, for example.

Out with the old…

The older model of cryptocurrency exchange appears to be slipping away. While major market players like Coinbase have endured the market, others have struggled to do so.

Take, for example, the Poland-based cryptocurrency exchange BitMarket. Once a thriving exchange, the company has recently informed users that they will be shuttering due to lack of liquidity. From the company website:

“Dear Users, We regret to inform you that due to the loss of liquidity, since 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps.”

Such closure highlights the reality of the new Bitcoin market. Older exchanges based on simplified principles are simply not keeping pace with the changes that the market has been creating. New models are necessary for lasting support.

In with the new – AMFEIX

A recently-founded cryptocurrency appears to be creating a system that answers some of the changes the market has generated. AMFEIX offers traders the opportunity to trade pseudo-anonymously—traders must prove identity, but are not forced to divulge personal information to do so.

The company pools investor funds into a single investment unit. This is then managed by a team of expert traders who are adept at tracking market changes. By carefully analyzing volatility, they are able to profit through day trading methodologies.

While some might have concerns, the exchange has done an amazing job to date. Returns have ranged anywhere from 13% as a low to nearly 30% as a high so far in 2019. These kinds of return rates indicate that the company is grounded with a number of well-informed traders.

New exchanges for the win?

Exchanges like AMFEIX and others are making waves because of new policies and practices that can manage the increasing market volatility in Bitcoin. By tracking such market changes and then profiting from them, these new models have been able to increase returns for users and manage their accounts more carefully.

What’s more, as the cryptocurrency market has continued to mature, many such exchanges and investment groups have found the need for greater transparency unnecessary. With simply Know Your Customer (KYC) regulation compliance, these new sites make onboarding and customer retention far simpler than their archaic predecessors.

Taken together, better trading and simpler user interface mean exchanges like AMFEIX are likely strong candidates for survival. While the Bitcoin market continues to move, these new systems are strong contenders to win out over old models.

Whether Bitcoin will continue its meteoric recovery or not, the market has spoken. Older exchanges with less robust practices and trading methodologies are unable to compete against newer and more creative talent. As with any other industry, and maturity continues to improve, the market will continue to seek out better and more lasting solutions.