We’re all pretty accustomed to hearing the big names in the crypto industry, from binance to coinex almost everyone is aware of their spot in the overall market. But what most don’t realize is that it’s possible the days of the mega-exchanges could be numbered. With smaller exchanges starting to gain footholds on huge quantities of daily transactions with unique niche offerings and niche spins on what it means to be a crypto exchange. We’ve seen DEX, CEX, and Hybrid exchanges, we’ve seen standard fee exchanges, no fee exchanges, and reward based exchanges.

The fact is the landscape of the crypto exchange industry continues to evolve, with new exchanges coming onto the market every so often with a spin on what is possible. “Small” exchanges like the recently launched BitMax exchange is a perfect example of a small group coming onto the market and making a huge splash in their initial offerings. With new listings like covalent and lambda offerings bringing in a unique early offering that drives quality tech buyers to the exchange, they draw in traders anxious for unique coins not available in other platforms (yet?).

BitMax is the perfect example of unique offerings bringing a surprising return, with a transactional fee-based mining platform at the core of the network rewarding traders instead of charging them exorbitant fees, the team has chosen to enter the landscape of crypto exchanges from a unique niche angle. The team goes further with the introduction of both USDT and USDC markets that increase overall security from the stable coin market taking even that part of the crypto ecosystem in an interesting new direction.

With the exchange recently grown to over 400 million USD worth of exchange volume in 24 hour cycles, it’s a growing powerhouse that is a perfect example of how small up and coming exchanges could easily reshape the industry by looking at existing platforms and market holes and bringing a fresh take to the masses. It’s a perfect example of how the blockchain industry as a whole is still growing and evolving the powerhouses of today may be just the average thing tomorrow meanwhile, the upstart project you heard about on a random blog might be a billion dollar industry powerhouse in a year from now.

The fact that smaller exchanges like bitmax are starting to diversify the overall crypto market exchange area is probably one of the most exciting aspects of where the industry is headed. We’ve long fought with the centralization of power that large exchanges like coinbase and binance have created, one only has to look back at the last powerhouse exchanges like Mt. Gox that shows pretty obviously how scary the centralization of power to a few single crypto exchanges can be. So it’s a hopeful trend that we see new projects diversifying the open exchange market, and hopefully is a glimpse into our future as we get exchanges that look more like niche credit unions and fewer giant mega bank style exchanges that risk the decentralization that we’ve come to expect from blockchain and cryptocurrency as a cornerstone tenant for the industry.

While there are an ever-growing number of exchanges, bitmax and its a quick success are definitely worth taking a look at even if only to see what a successful niche exchange can look like, at bitmax.io if nothing else it’s an interesting look at what’s possible when teams begin to shift toward open niche opportunities.

Website: http://www.BitMax.io

Twitter: https://twitter.com/BitMax_Official

Reddit: https://www.reddit.com/r/BitMax/

Telegram: https://t.me/BitMaxioEnglishOfficial

Medium: https://medium.com/bitmax-io