NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Crypto Exchanges Begin to Shutdown: Bear Market in Full Force

Davit Babayan
Davit Babayan
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

After miners, it is crypto exchanges that stand before the wrath of a bearish cryptocurrency market.

Liqui, a small but a long-running crypto trading company, announced today that it would close down its operations. In a straightforward goodbye note, the Ukrainian exchange said that it was unable to provide liquidity to its customers. Therefore, it had no economic reason to continue its services.

“We also do not see any economic point in providing you with our services,” the note read. “However, we do not want to return to where we were a month ago. Hence, we decided to close all accounts and stop providing our services. It broke our hearts to do that.”

Liqui admitted that the overlong bearish cryptocurrency market was their reason for quitting. The exchange noted that the market had changed significantly since 2017, and their return would solely depend on whether or not it would correct. On December 31, 2018, the combined cryptocurrency market cap had erased 80% of its value since hitting its peak near $813.8 billion.

Source: CoinMarketCap.com

Crypto Exchange Purge

The comments led the crypto community towards speculating the beginning of the death of crypto exchanges. Ran Neuner of CNBC predicted the closing down of more trading companies in 2019.

“I’m expecting more exchanges to shut down in this bear market,” he said on Twitter. “Last year everyone rushed to start an exchange. Exchanges require infrastructure that is expensive to maintain and most won’t survive this.”

The predictions drew inspirations from the current health of crypto mining industry. Miners admitted that minting cheap cryptocurrencies had turned uneconomical for them, especially in the face of expensive power bills and growing taxes. Bitmain, the leading crypto mining company, had to layoff 80% of its workforce to compensate for its quarterly financial losses. At the same time, many small miners had already succumbed to the growing bearish sentiment.

The same analogy fits the crypto exchange industry. Liqui, which is 180 ranks behind its competition by daily volume, could not sustain any more losses. And it is likely that other small exchanges would run out of business as well.

The exchange purge has started. @Liqui_Exchange is closing.

I believe many more, especially smaller exchanges will follow. The bull market forced them to make large investments in their IT infrastructure, and the bear market dried out the trading volume.

— Jimmy McShill⚡️ (@JimmyMcShill) January 28, 2019

Large Exchanges Acquiring?

One other reason that explains why small crypto exchanges would die is the growth of larger players. For instance, the likes of Binance and Coinbase, which are reporting higher trading volume and revenue growth, will likely take over the customer base of smaller exchanges.

Regulation is another key factor that should be considered. Increased scrutiny led to the failure of many ICO projects that were bread-and-butter of the small crypto exchanges. Therefore, their revenue could have dropped drastically for they didn’t have liquidity of serious protocol tokens such as Bitcoin, EOS, Ether, and similar coins.

Liqui will support withdrawals for the next 30 days – until February 28, 2019.

Tweet123Share196ShareSend
Davit Babayan
Davit Babayan

Davit Babayan

Davit Babayan is an Armenia-based expat balancing the academic life of a software design engineer with the experiences of a financial technology journalist. He aspires to be a full-time columnist and wants to write a book that would be called, "A Homeless Who Found Bitcoin."

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin news

CryptoQuant’s Moreno Eyes Bitcoin At $195,000 If This Happens

Bitcoin’s violent futures deleveraging earlier this month reset market positioning but did not break the broader bull trend, according to...

Jake Simmons 3 hours ago
Биткоин

«Дешевый» биткоин ниже $90 000?

Инвесторы снова делятся на лагеря. Одни ждут быстрый отскок биткоина к историческим максимумам. Другие предпочитают дисциплину и расставляют заявки ниже...

dariajz 4 hours ago
Ethereum Price Looks Tired

Here’s What Happens To The Ethereum Price If Bullish Momentum Holds

Coming out of the weekend, the Ethereum price has seen a rise in its bullish momentum. While it is still...

Scott Matherson 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Whale Invests $36K in Bitcoin Hyper as One of the Best Crypto Presales Gains Momentum.

Whale Invests $36K in Bitcoin Hyper as One of the Best Crypto Presales Gains Momentum

Aaron Walker 34 minutes ago

Ethereum: il MVRV Ratio lancia un segnale ribassista che l’ultima volta ha fatto crollare il prezzo da 3.300 $ a 1.400 $

clararosati 38 minutes ago
Bitcoin

Bitcoin Price 60% Crash To $50,000 Coming? Why All Roads Point To A Decline

Scott Matherson 57 minutes ago

Premium Sponsors

Press Releases

  • Bitcoin Hyper Nears $25 Million in Presale –Viral...

    5 minutes ago
  • Bitcoin Hyper премина 24,4 милиона...

    17 minutes ago
  • Bitcoin Hyper depășește 24,4 milioane USD-Analiștii văd $HYPER drept următoarea bijuterie Layer-2 în plină ascensiune

    Bitcoin Hyper depășește 24,4 milioane USD-Analiștii...

    31 minutes ago
  • ChatGPT finds an unknown x1000 crypt

    Dự Đoán Của ChatGPT: Bitcoin Hyper, DOGE và PEPE Có...

    2 hours ago
  • Are Dog Tokens Making a Comeback

    Các Token Chó Đang Trở Lại? Phân Tích Giá FLOKI...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.