Institutions Caution Against Relying on Onboarding Polish in Cryptocurrency Exchanges
A platform's onboarding polish should not be confused for its ability to execute trades and handle immense volumes, argues Bridgeport co-founder and CCO Chris Soriano.
Institutions in the cryptocurrency space are increasingly highlighting the importance of not solely relying on the onboarding experience when evaluating exchanges. Chris Soriano, co-founder and CCO of Bridgeport, emphasized that a platform's appearance and user-friendly interface should not overshadow the critical factors related to trade execution and volume handling.
Soriano warned that an exchange that prioritizes onboarding aesthetics over robust trading capabilities could be setting itself up for failure when faced with high market demand or volatility. He stressed that institutions are particularly attuned to the operational resilience and scalability of exchanges, as these factors are crucial for their trading activities.
As the cryptocurrency industry continues to evolve, the emphasis on performance and reliability in exchanges is becoming more pronounced. Institutions are advocating for a deeper scrutiny of exchange functionality beyond surface-level features, signaling a shift in how platforms are evaluated in the market.