Review on ABCC by Elliot Browne
All in all, ABCC exchange seems to have had a flying start in its short…
All in all, ABCC exchange seems to have had a flying start in its short lifespan (the exchange has only been live since late this summer) and have quite unexpectedly (even for the people behind it) conquered a good chunk of the Russian crypto trading market. They also have a solid backing both from advisors and financially, and seem to be really serious about their goals.
Pros
- ABCC have developed their own exchange mechanics, and after doing this they have now also entered the markets for selling exchange-solutions to entities wanting to start their own exchange. This is really interesting for them as a company, but is not so interesting for crypto traders/investors, as it must be seen as a completely separate service from the ABCC exchange and their native AT token.
Cons
- ABCC charges 0,1% in fees for all trades, no matter if you are the buyer or seller, which is not far from dealings of other exchanges, but it is definitely competitive in the centralized exchanges market. As always with exchanges, getting your crypto into the ABCC exchange is free, but getting it out is a bit costly. But the fees on retrieving crypto assets don’t really differ from other centralized exchanges.
