It has been a challenging year for cryptocurrency. We are approaching Q4, and it’s fair to state that the success of cryptocurrency will be remembered for this year. There may also be more shocks and surprises in the future.

The cryptocurrency market has gained huge popularity among people of all walks and from every background over the last nine month. In addition, 2021 is a particularly interesting year. It has played host to one of the biggest bull markets, the rise of NFT’s, the DeFi boom, several corrections, regulatory hurdles and even bans. These are only a few of the many events that occurred.

Also, cryptocurrency exchanges have been busy creating new products and ideas to give their customers more value. They also want to attract as many potential new customers. Below are some developments that took place in collaboration with some of the major players.

Binance

It was an effective year for the biggest crypto exchange. Amongst the most popular releases that Binance had delivered the last year, it’s worth noting the NFT marketplace launched back on June 24. Binance was smart to do this because 2021 turned out to be the year for the NFT. This allowed Binance to take advantage of this market.

Binance also saw a significant development in the Binance Smart Chain, which allowed for cost-effective transactions. This has led to an increase of retail traders using decentralized BSC-based exchanges. A large number of projects have chosen BSC since its conception. This has allowed for very quick transactions and low fuel costs.

HitBTC

HitBTC has been one of the leading cryptocurrency exchanges since 2013 and launched 2021 with the introduction of a fiat On-Ramp Solution, giving users the opportunity to buy cryptocurrencies via credit cards.

HitBTC’s September platform release was a big one. HitBTC’s last quarter of the year was marked by the release of a new cryptocurrency wallet app. This has received a lot from its worldwide community. It allows you to trade and store crypto securely and offers a wide range of digital assets, including over 500.

HitBTC later introduced the long-awaited perpetual futures trading function. This allows users to trade a variety of tokens including BTC and ETH as well as SOL, ADA and UNI. The platform offers futures trading, which allows users to leverage funds for maximum profits at low initial investment and loan up to 75x.

Huobi

Huobi considers 2021 to be a major year for development and innovation. The exchange platform has launched a variety of innovative initiatives that have proven to be very successful.

At the start of the year, Huobi rolled out a service called “crypto loans”, which allows users and traders to collateralize crypto and borrow other crypto-assets with instant approval. Users of Huobi can now borrow quickly and get low interest rates if they have been KYC-verified.

Hubi ECO, a public blockchain environment created by the global exchange platform (GXP), provides a low-cost environment for blockchain developers to develop decentralized apps (dApps), smart contract and other digital assets. The platform currently hosts around 12.5million addresses and has processed 463,000,000 transactions.

Huobi, one of China’s first cryptocurrency exchanges to be shut down by increased regulations in the world during the past year, was also closed. After a crackdown by Chinese regulators, Huobi was forced to cease operations in mainland China. They had banned mining and cryptocurrency transactions.

Summary

The cryptocurrency market has been booming over the past few years, and it’s not slowing down anytime soon. With an expanding investor base, many traders are taking part in the industry’s potential profit. Many platforms are adapting to meet the needs of these customers by introducing new features and programs to draw investor attention. In some ways, we can already see how 2021 is shaping up to be one of the biggest years so far for cryptocurrencies – which also means bigger things ahead.

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