The Short History of Cryptocurrency Exchanges. BitBay.net 5th Anniversary!
The story of cryptocurrency started in August 2008 when somebody registered the domain bitcoin.org. It was used by Satoshi Nakamoto on October 31, 2008, to publish the white paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System.”. In January 2009, the first Bitcoin was mined in Block 0, also called “genesis block”. Almost in the same time (January 8), the first version of the Bitcoin software was presented on The Cryptography Mailing list, and since that moment BTC mining began in full force.
Aside from mining, the only way to get some Bitcoins in these early days was by trading it on IRC or forums. However, the need drives innovation. The first cryptocurrency exchange went live in March 2010. It was Bitcoinmarket.com. The exchange team was developing the platform following the feedback from the Bitcointalk forum. Bitcoinmarket.com had integration with Paypal and exchanging BTC for fiat until June 4, 2011, when the exchange was cut off. It was the end of Bitcoinmarket.com and time for its successor — Mt. Gox which was handling 70% of all bitcoin trades by 2014.
Today, according to CoinMarketCap data, the oldest and cryptocurrency trading platform on the market is BitStamp. It was launched in July 2011 and operated since then. Below you can have a look at the top 15 of the oldest crypto exchanges in the world. You find there BitBay which was brought to life in February 2014.
This year BitBay celebrates its 5th anniversary. Through these years the platform became a well-known global brand and gained a top position of a crypto-fiat exchange in Europe.
The company employs over 200 people serving more than 1 million crypto traders worldwide. Moreover, BitBay can be proud of the following:
* iOS and Android Trading App — available in 9 languages, with a special keyboard created in cooperation with users and forex traders,
* 112 markets where users trade 31 crypto against 3 fiats — USD, EUR, PLN,
* PRO Mode — an advanced version dedicated for professional traders.
The jury of industry competitions has repeatedly awarded the BitBay team’s hard work: “The Best Cryptocurrency Exchange 2017” (Cryptocurrency World Expo), “The Best Cryptocurrency Exchange” (Berlin Summit 2018), “Blockchain Exchange of the Year” (Invest Cuffs 2019).
