27 crypto exchanges vanished in 2022 alone.
Only less than 500 crypto exchanges are currently active globally.
FTX owes to be a major reason for large layoffs.
As all the crypto followers know, the year 2022, has not been lucrative like the previous year. However, hopes were not that high for the year 2022. On the contrary, the exact opposite happened. The year 2022, is now considered as a complete ‘Bear Year’, owing to various factors.
Accordingly, till date, in 2022 alone, it’s estimated that around 27 crypto exchanges have vanished completely. The major game player here is the FTX, which has had its complete knock down recently, making a tragic scenario for the entire crypto industry.
Behind the Vanish of Crypto Exchanges
As going by the statistics, around the mid of 2022, there were about more than 527 crypto exchanges operating worldwide. However, in just a month, by the end of July, 2022, the number of active crypto exchanges went down to below 500.
All this is a re
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