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All other sites are scams – especially be wary of:

benumbs.cards & bennumb.cards & bennumbs.cards & benumb.cc & many more…

(it can be hard to notice the S and extra N if not careful.) 

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Please bookmark this link — the other sites have simply copy/pasted our html and don’t actually have any cards to sell. 

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Exploring The Exchange Graveyard: A Look at the Closure of 56 Exchanges in 2023 and the Disappearance of 424 Since 2014

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It’s been nearly a decade since the cryptocurrency market began to take off, and with it, the emergence of cryptocurrency exchanges. In the early days, these exchanges were seen as a safe haven for traders to buy and sell digital assets. However, as the market has grown, so too has the number of exchanges that have closed their doors.

In the past nine years, a total of 424 exchanges have shut down, with 56 of them closing in 2023 alone. This is a staggering number, and it’s a reminder of the volatility of the cryptocurrency market.

The majority of these exchanges have simply “disappeared” without any explanation. This is due to the lack of regulation in the cryptocurrency space, which makes it difficult to track down the owners of these exchanges. As a result, many of these exchanges have simply vanished without a trace.

The Exchange Graveyard is a website that tracks the exchanges that have closed down since 2014. It provides a comprehensive list of the exchanges that have shut down, as well as the reasons why they closed. The website also provides a timeline of the closures, which can be used to track the evolution of the cryptocurrency market.

The Exchange Graveyard is a valuable resource for anyone interested in the cryptocurrency market. It provides an up-to-date list of the exchanges that have closed, as well as the reasons why they closed. It’s a reminder of the volatility of the cryptocurrency market, and a warning to traders to be cautious when investing in digital assets.

The Exchange Graveyard is a valuable resource for anyone interested in the cryptocurrency market. It provides an up-to-date list of the exchanges that have closed, as well as the reasons why they closed. It’s a reminder of the volatility of the cryptocurrency market, and a warning to traders to be cautious when investing in digital assets.

49 thoughts on “Exploring The Exchange Graveyard: A Look at the Closure of 56 Exchanges in 2023 and the Disappearance of 424 Since 2014”

  1. Hello reddito321. It looks like you might have found a new scam? If so, please report this scam by crossposting to r/CryptoScams, r/CryptoScamReport, or visiting [scam-alert.io](http://scam-alert.io/). For tips on how to avoid scams, [click here](https://www.reddit.com/r/CryptoCurrency/comments/s7srty/crypto_scams_how_not_to_fall_for_them_what_to_do/).

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  2. A very large majority of small CEXes are scams which rip off their customers anyway

    Good to see those close down. And yes, we do need more *proper regulation* for CEX for the safety of customers.

    Reply
  3. Great post OP!

    That’s why you should use CEX as what they are intended for. Swap and put your crypto on your ledger 😉 Don’t take the risk to let your crypto on CEX hot wallets.

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  4. That’s why regulation on exchanges is needed. Lots of scam sites appear out of nowhere and take money from investors, especially during bull runs.

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  5. Sadly unless exchanges get better regulated, for the common folk it might be better just to leave their money in a bank, when there’re so many scummy exchanges.

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  6. The best thing about having your coins on your own wallet is not caring at all about such drama.

    I would be sad if my main exchange closed, but that just means I have to find a new one. My coins would still remain my coins.

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  7. do we even have a need for more new exchanges? Cant we have like 3-5 major exchanges and then around 20 for some new and obscure coins to be listed and thats it? We also have DEXs then to swap.

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  8. If you buy it on them and transfer it to cold/hot wallet no problem. I know that the mantra – just use big ones doesn’t hold up after FTX…

    ​

    I still need to see one of the CEX that I use go down…guess I am lucky

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  9. Scary thing is that even if they announce they’re closing, they sometimes give you a short notice to get your crypto off. If you’re taking a break from crypto, don’t check the linked email account etc, you could lose it all as well

    Reply
  10. This puts things into perspective. Terrifying.

    We in r/cc are wrong about a lot of things, but self custody isn’t one of them. Use exchanges to exchange and dip. Point taken.

    Reply

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