Regular crypto traders will know the importance of staying safe and simple. Although it can be hard to find the right platform for digital assets, this industry is rapidly growing and there are many options.

ChangeNOW, a platform for non-custodial cryptocurrency processing and trading that offers an extensive ecosystem of crypto products and services.

The ChangeNOW website allows users to swap cryptos-to-crypto, or cryptos-to-fiat. Additionally, dedicated apps are available for iOS and Android mobile phones.

ChangeNOW doesn’t require registration, allowing anyone to freely access it and swap as much crypto as they want in just a few clicks.

Transparency is provided by the platform regarding exchange fees and time. The platform lists all fees including routing and network costs. This is not common for other crypto exchanges that may offer attractive rates to attract new users.

ChangeNOW is more secure and available, but it also offers greater ease of use.

“We keep pace with an ever-growing crypto industry, scaling our innovation efforts to develop new features and products. Our goal is to be a single-stop shop for all crypto needs of our customers. All this makes ChangeNOW an ideal choice for crypto beginners and veterans alike,”
Mike Ermolaev (head of PR, ChangeNOW), spoke out during an exclusive interview for DailyCoin.

The Product Ecosystem of ChangeNOW is being developed.

Following successful beta testing, ChangeNOW has released a complete version of its portfolio tracking application, NOW Tracker. The company also recently launched NOW Wallet and will shortly roll out the cashback mechanic, which will be closely related to ChangeNOW’s long-existing product, the NOW token.

“What’s more, we’re creating a custody and brokerage service. We want to develop a full-fledged financial cryptosystem with a fiat gateway, where the user can do whatever they need with crypto without leaving the ecosystem,”
Ermolaev stated.

Already the wallet was released. The cashback will be available before December 2021. Finally, hopefully the broker will see daylight by the end.

“At the same time, we don’t stop supporting and developing existing products in line with the interests of our users. The community-first approach is central to everything we do at ChangeNOW,”
Ermolaev has been added.

Financial Future: The DeFi Initiative

People are often let down by traditional financial institutions, and here’s where DeFi comes in with an alternative that is preferable in many aspects. It is revamping the world’s financial system, creating a market environment that, in theory, should be more secure, transparent, and easily accessible. DeFi has grown explosively and it’s very likely to rise further.

The market will benefit from the competitive DeFi between Ethereum-based DeFi and non-Ethereum based DeFi. But, gas prices continue to rise, causing coins like,., and many others to be lost at the ATMs. Ermolaev said that all these coins are extremely popular with ChangeNOW users.

Although financial innovation is a profitable business, large institutions still hesitate to get into the market because of the absence of regulation. This can have a significant impact on DeFi adoption.

According to certain people, compliance is the best way to go. Regulating DeFi may result in some centralization, but projects who adhere to the law will thrive long term. Others think DeFi should self-regulate, and that the community must decide for itself what’s best for its future. DeFi’s future growth depends on how institutions interact with it.

Take note of the money-laundering issues

ChangeNOW exists under the jurisdiction of Seychelles, therefore it’s not subject to any external regulation. The company works with several government agencies to fight money laundering and fraud. The company also assists the FBI, CIA and Interpol when they request it and returns any stolen money.

Ermolaev acknowledged that some cases of money have occurred.

“Recently, we assisted in returning about $15 million to Compound that was mistakenly gone out to its user due to Compound’s upgrade bug. We use our best efforts to dispel the perception of a crypto exchange as a place where money can be laundered.”

Meme Tokens Are Gaining Popularity

Other clones as well as meme currencies are receiving a lot more attention. It is clear that the community exerts a significant influence.

As for the regional breakdown, there’s a lot of activity in Europe and Southeast Asia. Germany is Europe’s most active crypto country, ChangeNOW statistics say.

“We see a growing number of people stepping into the crypto world to buy and exchange cryptocurrencies as they lose trust in traditional financial institutions and want to diversify risks. We think this is a significant step towards financial literacy, and crypto only benefits from it,”
ChangeNOW’s head of PR concluded.

Flipside

• Larger crypto-exchange platforms still dominate the market, with small ones being often overlooked.

What are the reasons to care?

ChangeNOW encourages crypto adoption among the mainstream and seeks to create a secure, private and user-friendly environment in a larger effort to advance crypto.

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