{"id":29670,"date":"2020-10-06T11:23:41","date_gmt":"2020-10-06T08:23:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29670"},"modified":"2025-08-27T18:19:29","modified_gmt":"2025-08-27T15:19:29","slug":"report-75-cryptocurrency-exchanges-shut-down-in-2020","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-75-cryptocurrency-exchanges-shut-down-in-2020\/","title":{"rendered":"Report: 75 cryptocurrency exchanges shut down in 2020"},"content":{"rendered":"<p>In 2020, 75 cryptocurrency exchanges shut down \u2014 a figure 56% higher than in the previous year, according to data from analytics platform Cryptowisser.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">We share our insights on the competitive landscape for crypto exchanges on <a href=\\\"https:\/\/twitter.com\/BitcoinCom?ref_src=twsrc%5Etfw\\\">@bitcoincom<\/a> today \u2014 check it out! \ud83e\udd13\ud83d\udc47<a href=\\\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\\\">#crypto<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptoexchange?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptoexchange<\/a> <a href=\\\"https:\/\/twitter.com\/hashtag\/cryptocurrency?src=hash&#038;ref_src=twsrc%5Etfw\\\">#cryptocurrency<\/a><a href=\\\"https:\/\/t.co\/YEWxcTDanC\\\">https:\/\/t.co\/YEWxcTDanC<\/a><\/p>\n<p>\u2014 Cryptowisser (@MrCryptowisser) <a href=\\\"https:\/\/twitter.com\/MrCryptowisser\/status\/1313049627755769858?ref_src=twsrc%5Etfw\\\">October 5, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Analysts note that the <\/span><a href=\\\"https:\/\/www.cryptowisser.com\/exchange-graveyard\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\"><span style=\\\"font-weight: 400;\\\">list<\/span><\/a><span style=\\\"font-weight: 400;\\\"> largely comprises centralized exchanges.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Analysts say that rising competition is one of the main reasons why crypto exchanges have shut down. More and more investors are turning to DEXs and derivatives exchanges, Cryptowisser says.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Another major reason for the &#8216;death&#8217; of crypto platforms is the tightening regulation of the sector by authorities.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Also, many exchanges shut down as a result of hacks or scams.<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\\&#8221;For a new centralized exchange to thrive, it probably needs to have some unique advantage that is not available on the market today,\\&#8221; Cryptowisser concluded.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">Trading volumes on cryptocurrency exchanges in September <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-exchange-trading-volumes-in-september-exceeded-169-billion\">exceeded<\/a> $169 billion.<\/span><\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog Feed<\/a> \u2014 full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2020, 75 cryptocurrency exchanges shut down \u2014 a figure 56% higher than in the previous year, according to data from the Cryptowisser analytics platform.<\/p>\n","protected":false},"author":1,"featured_media":29671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,167],"class_list":["post-29670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-research"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29670"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29670\/revisions"}],"predecessor-version":[{"id":29672,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29670\/revisions\/29672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29671"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}