[Note: we're reading this post via Google translate]

We largely agree with the implications and the facts presented in this article. Particularly, white label exchanges are something we see more and more in recent years.

As we highlighted in this year's Q2 Crypto report, from our inception back in 2014 all the way till January 2018, we only listed 45 Exchanges.

Ever since January 2018, 300 new exchanges were listed by July 2019 - in less that 18 months, the number now is of course much higher.