Forecast bleak as more Crypto exchanges windup operations

Although 2019 seems to be a promising year for the crypto market, as, an upsurge in the price of various cryptocurrencies have been recorded. Yet in the parallel world of crypto, eight ill-fated crypto exchanges have been shut down in the first half of the year. ARKinvest’s crypto-analyst Yassine Elmandjra in his tweet stated that the life expectancy of a crypto exchange was about eighteen months only. These crypto exchanges usually fall victim to crypto hacking, poor management of data, and even digital currency theft. 8 exchanges have already been shut down this year. Avg. lifetime of shut down exchanges