#1 Source For Bitcoin And Altcoin News
There is another factor to take into consideration whenever you want to run a service like an exchange : website security.
As we have recently seen with OpenEx, another new exchange that got hacked within its first days of existence, FreshMarket has suffered the same fate.
Several user passwords, which were stored in hashed form, have been compromised and used to withdraw funds to the hacker’s wallet(s).
Well I honestly never thought we would come at a point where there could possibly be an oversaturation of the market in regards to cryptocurrency exchanges.
Over the course of the past few weeks, we have seen several new exchanges pop up : CoinMarket, FreshMarket,SwissCex, Openex, …..
Don’t get me wrong, we definitely need more exchanges that run properly. With Cryptsy being a 50/50 chance of working properly, CoinedUp becoming slower than a snail and MCXNow still not being trusted by too many people, there are opportunities.