How many failed crypto exchanges were there in 2018-2022?

The report studies trends in the rise or decline of failed crypto exchanges during 2018-2022. Apart from that, it also explores the most common reasons witnessed behind the exchange failure incidents. According to the report, failed exchanges in 2018 were at least 23. The number skyrocketed to 252% in 2019 and increased a further 17% in 2020.

What are some of the most infamous crypto exchange failures?

Following is a list of some of the most infamous crypto exchange failures to date. The Mt. Gox incident was one of the most notorious crypto exchange failures in the history of the cryptocurrency industry. Founded in 2010, the platform began facilitating Bitcoin trading in 2011.

Are crypto exchange failures causing financial losses?

Over the years, crypto investors have experienced several upsets in the shape of crypto exchange failures, resulting in significant financial losses and general instability in the market. The crypto industry has been a rollercoaster ride since its inception in 2009 when the first Bitcoin block was created.