Review on Cryptomate by Joseph Bello
The exchange is not very active due to its low liquidity
Cryptomate is a UK P2P digital brokerage with just 26coins and it has all it's coins paired up with Pounds (GBP). The trade volume on the exchange within the last 7days and 24hours has been decreasing rapidly and it has shown the low rate at which the exchange is being patronize by traders recently. The exchange might soon shutdown due to its low liquidity which i perceive is linked to the exchange's excessive trade fee and withdrawal of 6.7% which isn't profitable to traders at all and this is the reason why the has just few users and the number of users are constantly reducing every day, so it is certain the exchange might end up shutting down.
Pros
- There is nothing special about the exchange
Cons
- US investors can't trade here
- Low liquidity and 24hr trade volume
- The exchange might be out of service any time soon
