As per CoinGecko, over 12,802 cryptocurrencies exist, while CoinMarketCap shows a total of 22,172. They all are traded on crypto exchanges. While some can be found on Binance, others can be found on other exchanges like Huobi, Coinbase, etc. However, no single exchange – decentralized or centralized – lists all of them. Therefore, it gets difficult to keep track of their coins because it requires users to shuffle between different exchanges and protocols. 

This is where a crypto aggregator comes into play.

A Crypto-Aggregator Is What, Exactly?

A crypto aggregator is a platform that combines and displays data from multiple cryptocurrency exchanges. It is a tool that allows users to view the real-time prices and other information for various cryptocurrencies across different exchanges from a single location, rather than having to visit each exchange’s website separately. This can be useful for people who want to keep an eye on the market trends and prices of different cryptocurrencies without having to visit multiple exchanges or websites. 

How Does Crypto Aggregators Work?

A crypto aggregator works by pulling data from multiple cryptocurrency exchanges and displaying it on a single platform. The aggregator may use APIs (Application Programming Interfaces) provided by the exchanges to access this data, or it may scrape the data from the exchanges’ websites. The data is then processed and displayed in a user-friendly interface, typically in the form of tables or charts. Here is a more detailed explanation of how a crypto aggregator works:

• The crypto aggregator platform connects to multiple cryptocurrency exchanges using APIs or by scraping data from the exchanges’ websites.
• The platform retrieves real-time data for various cryptocurrencies, such as their current prices, trading volumes, and other market metrics.
• The data is then processed and organized by the aggregator. This may involve converting the data into a uniform format, calculating derived values (such as price changes over time), or filtering out irrelevant information.
• The organized data is displayed on the aggregator platform for users to view. This may be in the form of tables, charts, or other visualizations.
• Users can select which exchanges and cryptocurrencies they want to view, and the aggregator will display the relevant data. Some aggregators may also allow users to customize the display, such as by changing the time frame or adding/removing data points.
• Some crypto aggregators may also offer additional features, such as alerts, trading history, and analysis tools. These can help users stay informed about the market and make informed decisions about their trades.

Benefits of Crypto Aggregator for Users

There are several benefits to using a crypto aggregator. For a user, it can include the convenience of viewing data from multiple exchanges in a single location, rather than having to visit each exchange’s website separately. This can save a lot of time and effort for traders and investors who want to keep track of the market. It also provides real-time data for making informed decisions. 

Furthermore, some crypto aggregators allow users to customize the data they see, such as by selecting specific exchanges and cryptocurrencies to view, or by changing the time frame of the data. They also offer analysis tools with features like trend analysis, alerts, and trading history.

For a trader, it can offer additional benefits like: 

1. Improved price discovery: Crypto aggregators can help traders find the best prices for cryptocurrencies by aggregating data from multiple exchanges.
2. Enhanced decision-making: By providing access to a wide range of data and information, crypto aggregators can help traders make more informed decisions about which cryptocurrencies to buy or sell.
3. Increased efficiency: Crypto aggregators can help traders save time and effort by allowing them to view and track multiple cryptocurrencies from various exchanges in one place.
4. Greater convenience: With a crypto aggregator, traders can easily compare prices and other information from different exchanges without having to visit multiple websites or platforms.
5. Enhanced security: Some crypto aggregators may offer additional security features such as two-factor authentication or secure storage to protect traders’ assets.

The Future of Crypto Aggregators

As the use of cryptocurrencies continues to grow and evolve, it is likely that more people will turn to crypto aggregators to help them navigate the complex and rapidly-changing crypto market.

There may also be an increase in the number and variety of crypto aggregators available, as more companies enter the market and offer new and innovative services to meet the growing demand. Some crypto aggregators may focus on specific aspects of the market, such as providing in-depth analysis and news updates, while others may offer more comprehensive services that include portfolio tracking and alerts.

Overall, the future of crypto aggregators looks bright as they provide a valuable service to users looking to track and trade cryptocurrencies.