Today marks thirteen years since the first cryptocurrency exchange platform, Bitcoin Market, was released on March 17, 2010. This marked a major milestone in Bitcoin history, as it meant that they were finally able to transact with one another at an established market price and on a reliable platform. Bitcointalk user ‘dwdollar’ first made his announcement of the project on January 15, 2010.
A history of cryptocurrency trading
The first instance of a cryptocurrency transaction occurred on January 12, 2009, when Satoshi Nakamoto, the anonymous creator of the Bitcoin blockchain, sent 10 Bitcoin (BTC) to Hal Finney as a test transaction. This was just four days after he released the code to the public.
In October 2009, New Liberty Standard (NLS) opened as the first BTC exchange service that also set BTC at a particular price for the first time, at a rate of 1,006 BTC to $1, which was about $0.00099 per BTC.
This was important because it meant that traders would no longer be haggling and disputing the exchange price since everyone now knew what the current price was.