This Could Be The NEXT Crypto Trend To Watch Out For!
Welcome back to King of Crypto, today on the channel we are going to check out the next crypto trend. As the founder of India’s biggest cryptocurrency exchange, Nischal Shetty has his finger on the pulse of new trends.
In 2017, after taking more than a week to buy his first bitcoin, he spotted a gap in the market to simplify trades of the then-booming digital currency. By 2018, he had launched WazirX as a localized cryptocurrency trading platform for his native country India — a business that was later acquired by Binance, the world’s largest crypto exchange. Now, he has his eye on the next phase of growth for cryptocurrencies. The challenge is to understand what is the right time for the idea, because crypto is still early. “The last three to four years (have) been the time for building crypto exchanges, layer one blockchain products,” Shetty told CNBC Make It.
Blockchain refers to a decentralized, digital ledger, which can be used to record data and transactions. One of its primary uses is the storage and management of digital currencies, such as bitcoin and ethereum — forms of virtual cash operated independently of state governments.
Choosing the right idea at the right time is going to be the key to building the next large crypto company, he added. Find out more of the next crypto trend in this video.
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