Creativity and Value Will Win the Cryptocurrency Exchange Wars

The American gold rush was marked by a host of hard times and a few sudden millionaires. Men gave up everything to travel to California in hopes of striking it rich. But the man who really struck it rich during the gold rush was Levi Strauss, a simple tailor who made tough cotton pants for the miners.

In the 21st century, the digital gold rush has begun with the creation of cryptocurrencies, and particularly Bitcoin. Early adopters owned thousands of Bitcoin, and these few devotees are now massively wealthy.

As the market has grown, however, the major winners in the space have been companies and individuals who offer services to the Bitcoin faithful. Among these service providers, cryptocurrency exchanges are some of the most lucrative.

However, where profit can be made, competition is sure to follow. As the digital gold rush continues, some question exists as to who will win the war to dominate the cryptocurrency exchange market. A number of exchanges have sought to take a bite out…