The market of digital assets stands out from other financial markets with its incredible volatility. Digital assets do not depend on central banks and governmental decisions on emissions. Crypto exchanges rates depend on other factors, such as:

• Supply and demand in the market, the emergence of competitors, etc.

• The emission of coins. If it is unlimited, supply will exceed demand, and the prices will drop. And vice versa, if supply is limited, and if a company implements token-burning mechanisms, the market is supported at the level.

• Local regulations and restrictions in some countries ban crypto trading or mining.

• The market trend. Like any maker, the crypto market lives through its ups and downs. They are called bull and bear trends, respectively. For example, when large investors start selling their assets massively, it creates a panic mood, pushing other crypto holders to sell their coins.

• Global economy changes and crisis.

To keep track of cryptocurrency price, you can address the Coinmarketcap resource or do it in any crypto exchange, for example, WhiteBIT.

Investing on WhiteBIT

WhiteBIT is the largest european crypto platform that provides convenient and safe conditions for crypto investment and trading. The platform expands the application of digital assets and draws attention to crypto holders worldwide. 

WhiteBIT offers up-to-date crypto exchanges rates and low fees for trading compared with other market participants. Regardless of the amount of transaction, a user pays a 0,10% fee, which is a moderate commission across the market. With WhiteBIT, you can swap, buy, and sell coins in a matter of minutes. In addition, expanded opportunities are provided for registered and verified clients. KYC verification is a standard procedure for credible crypto exchanges. They ensure users' safety of data and funds and provide quality service, whether it is simple crypto swaps or complex trading tools like futures trading, margin or leverage. 

To find out the current cryptocurrency exchange rate, enter the block “Trading” and choose the asset you wish to buy. The exchange will offer you the latest price for the coin.

For more information on the WhiteBIT exchange, you are welcome to its official website and blog WhiteBIT.