Almost every month there will be a new exchange in the cryptocurrency market. In the past year, many new encryption markets have been launched, including derivatives such as CoinFlex and websites targeted by organizations such as AAX. The data shows that since June, the legal transaction volume of spot-crypted exchanges has dropped by more than 50%. Max Boonen, CEO of over-the-counter B2C2, said there would be no mergers on the crypto exchanges, as the 2017 boom provided enough funds for many exchanges to continue to operate and compete. At the same time, the constrained user base allows customers to trade on a variety of platforms. Boonen added that new users who offer a new user experience have also seen significant growth. He believes that the cryptocurrency market structure will be like foreign exchange, and there are many brokers to choose from.