The cryptocurrency industry has been around for a long time and has been attracting a lot of investors for a decade. Cryptocurrency investing has turned into a huge mainstream business. Cryptocurrency has helped many people to generate extensive profits through their investment. This all started with the introduction of Bitcoin, which was the first cryptocurrency ever that gave the world the idea of the blockchain. This inspired other cryptocurrency firms to innovate more and come up with a different solution based on blockchain technology.
Ethereum was one such cryptocurrency that was introduced to the market based on blockchain technology. Ethereum, however, was different than other cryptocurrencies, including Bitcoin. The Ethereum coin used smart contracts that made Ethereum a token-based cryptocurrency, which was faster than its other counterparts. This created a revolution in the cryptocurrency industry and helped Ethereum attract many investors.
Investors then sought miners who could get them freshly mined Ether coins. This task was made easier when cryptocurrency exchange firms stepped into the picture. Ethereum became a favorite of crypto exchange firms as soon as they gained the attention of the users. This continued for some time without the interest or reason for such optimism becoming clear. Now, here are some reasons that will justify the interest of crypto exchanges in Ether coins.
Glorified History
Ethereum has a glorified history of being a perfect cryptocurrency and a goodwill business organization. After gaining the prominence of being an effective cryptocurrency, the company behind Ethereum declared itself a non-profit organization. It donated all its income, except a fixed amount that can be used to maintain the Ethereum cryptocurrency. Hence the EEA (Enterprise Ethereum Alliance) was formed with the help of several start-ups and fortune 500 companies. This helped the exchange firms
