Whether the Crypto sector is in a state of recession or not is still unclear. But what comes as a positive side to it, is the chances of rebuilding the Industry accordingly. However, the numbers don’t look good since the market has not been doing too well for quite some time now. And so, some of the big crypto names are looking forward to do some renewal to their platforms: new blockchains, new licenses, new features and new miners. Hopefully, with all these attempts at renovation, the sector will see the brighter days ahead.
The Crypto fanatics still keep up their faith in the sector but as per the numbers, it won’t be too wrong to say that it will take a few months’ time to see Bitcoins reach a good mark. However, as ups and downs are a part of the living, the sectors have considered this phase to be a time of renewal and rebuilding.
Binance was the first exchange to declare it’s plans of having it’s own Blockchain and decentralized exchange. As the company does pretty well in the market, trading over $800 million, it won’t compromise on the quality of it’s technology. Coinbase is another such platform which has got E-Money License from the UK authorities and this will help them expand their foundation. According to some recent speculation, Coinbase might be looking forward to establish a mushroom empire with the helps of Startups.
These initiatives sounds really optimistic for the future of the sector. The big Crypto firms are normally enormous in it’s financial and strategic states and going through the rough times won’t be much of an issue. The firms usually have a proper, dedicated teams to look after the strategies and can come out even massive after a fall.