In 2009, Bitcoin emerged on the financial scene as a revolutionary form of digital currency. The first real exchange rate for Bitcoin was established only in October 2009, at precisely 1 USD for 1,309 BTC. In March 2010, the first cryptocurrency exchange, BitcoinMarket.com, was launched. The idea came from an early Bitcoin enthusiast, "dwdollar" (this was his nickname), who proposed it on Bitcointalk, a forum where even Satoshi Nakamoto used to post. This exchange allowed Bitcoin to be traded for U.S. dollars via the online payment platform PayPal. The creation of BitcoinMarket was a pivotal moment for Bitcoin, as it provided a reliable and consistent way to track its price and create liquidity in the market. While BitcoinMarket laid the groundwork for future exchanges, it also encountered significant challenges that modern exchanges still face today. Ultimately, the platform ceased operations in mid-2011 due to