Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.
of course with an increase in service and convenience for consumers, of course it will increase the confidence of consumers, thus gradually can compete with binance. but this must be supported by good system security 
Topic: Can a new crypto exchange take a place in the market? - page 3. (Read 864 times)
The cryptocurrency investment is increasing by the day as more investors and traders are into cryptocurrency. There is a need for cryptocurrency exchanges. New exchanges are welcome ideas. An exchange that has a hard-working team with very good features will sell.
The new crypto coins that enter the market are certainly not a problem, because later trading will determine whether the coins can survive or not. If the coin can survive and have good prospects of course the price will increase and be liked by traders or investors.For short-term traders will execute with favorable predictions, if proven successful, investors will buy for a long-term portfolio where capital increases and demand for coins increases.
I think it's like saying following: Can you search engine website take a place in the market? Of course it can enter but can it survive? No, depends on aim to be fair, you can always attract for example 50K people monthly on your website but this will be your maximum, you'll never be considered as an opponent but here is natural monopoly, in crypto world and as you talk abkut crypto exchange, I think there is more likely open monopoly, in this situation everyone can enter too but few are succesful. Ask yourself: Why will people prefer my exchanger over others?
A week ago i've met a person, who's working on a new exchange. They've been developing it for a couple of yers now and, from his words, it seemed pretty cool. I can't say for sure whether i think it's a legit idea or not. So, Is it possible for a new exchange to make it to the top or is it already monopolized and new projects and busineses are doomed in the whole industry? I've been trading for a short period of time and i haven't noticed huge defferencies in exchanges
P.S. Name's Nominex if anyone is interested
EDIT:
As far as i know, they are launching soon and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else
Here are the options that they have:
1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange.
2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.
What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?
P.S. Name's Nominex if anyone is interested
EDIT:
As far as i know, they are launching soon and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else
Here are the options that they have:
1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange.
2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.
What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?
This sounds good and i would say a good move from the exchange offering such. I am sure this would be the exchange i have come across as well. The exchange i came across, has many more options to be brought to the traders.
Fees would 40% less when their exchange is used to trade with any coin having their coin in the wallet, their coins can be bought with more currencies not like other best exchanges have and anyone can exchange any coin into their own fiats using their own ATM.
These are the few options and they have more as well. The team is hoping that the exchange is going to be among the best by end of this year.
Trading volume generally are not impressive at the moment so a lot of exchanges are struggling. In any case,there is always room for any new project that can generate enough hype and offer unique service. They can always carve out a share of the market for themselves.more so, there will someday be a bullish momentum that will make it easier to stay afloat
There is plenty of space in the market and always the new arrivals are welcome because constitutes a good counter offer to the existing exchanges.
No dude there is not enough space in this market because there are already lots of exchanges . they are consist of old and new exchanges some of them are even bad or have a fake volumes but most of them are just plain good . thats why i dont think that we need more new exchanges because that can only add confusion to the users . i dont also think that new exchanges can counter the older ones where older ones can always make a new changes depending on thier costumers request plus old exchanges already have a reputation .
and there are lots of factors to consider first before building one. Come to think first about on how you do make your exchange be unique compared to others.
Competition is fierce on this field and wont really be an easy path for you to take on.
There is plenty of space in the market and always the new arrivals are welcome because constitutes a good counter offer to the existing exchanges.
No dude there is not enough space in this market because there are already lots of exchanges . they are consist of old and new exchanges some of them are even bad or have a fake volumes but most of them are just plain good . thats why i dont think that we need more new exchanges because that can only add confusion to the users . i dont also think that new exchanges can counter the older ones where older ones can always make a new changes depending on thier costumers request plus old exchanges already have a reputation .
No, it is not monopolized from what I know. If your friend's has a unique product and services, he will most likely do well in the market. Nobody is monopolizing anything. Cryptocurrency is not permissioned products you can easily build empires around and monopolized it.
There is plenty of space in the market and always the new arrivals are welcome because constitutes a good counter offer to the existing exchanges.
Well,it's depends on Thier community traders😉if the exchange has no volume how to be a good exchange anyway? Exchange are liable and listed some new tokens not only erc20,but I think all?trc20,Eos,etc.thats exchange will be a good,and most important thing is friendly recommended 😉😇😇😇
Volumes can be manipulated by big holders in any new exchange. And there have been a lot of these new exchanges popping up. Some seem legitimate and some are obviously shady. A lot of options for traders but can be confusing if you're subscribed to a lot of them already.
Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.
With progress and competitive line of advertisement, new exchange can still exist and be successful, the only hindrance is the security as most hackers loves to test the functions and hack if possible, focusing with future goals begin with single steps, they just need to be more aggressive finding waysto excel with others competitions.
Well,it's depends on Thier community traders😉if the exchange has no volume how to be a good exchange anyway? Exchange are liable and listed some new tokens not only erc20,but I think all?trc20,Eos,etc.thats exchange will be a good,and most important thing is friendly recommended 😉😇😇😇
the concept is good, if a lot of people are trapped, it will develop well and can be number one. but if not many enter, it will sink further. all will depend on the support of investors and traders.
Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.
Yes it could be, but what matters is the trust that people would give to that new exchange. Eventually there are new exchanges that did not survive in the competition with regards to the security and the sustainability that their customer needs.
And specially if an exchange is hacked, their reputable simply went out of the window and it's hard to recover from that. I believed the more the merrier, but those who are tying to get into the market should offer something very different to get the attention of newbie traders. Right now Binance has its launchpad and other exchanges are also following as well like Kucoin. So for new exchanges, try to give us unique ways to earn money and I'm sure investors will easily flock to you even if you are just new in the market.
It is a good strategy and it will certainly attract many potential tokens. You are having the most difference, I think your idea will be successful if you have many good partners that can create a great community for you. 
now the crypto market competition is very hot, honestly this competition is interesting, you must be ready to fight the crypto market with a high rating and have a position that is quite difficult to beat but if still want to make new exchanges I think you should be smart to attract the attention of traders with bonuses and good events, and a good and fast response will be liked by crypto traders if the traders have problems regarding exchanges that you make with your friends.
The cryptocurrency investment is increasing by the day as more investors and traders are into cryptocurrency. There is a need for cryptocurrency exchanges. New exchanges are welcome ideas. An exchange that has a hard-working team with very good features will sell.
Well if we notice carefully we will see there are so many crypto exchanges are rising in market all around us and as you said we really need them, but the actual thing is power and success some came and some gone on almost daily basis, according to me there are ICO developers are inventing their own exchanges but let’s see who gets success this year. Yes it could be, but what matters is the trust that people would give to that new exchange. Eventually there are new exchanges that did not survive in the competition with regards to the security and the sustainability that their customer needs.
But there are exceptions,some new exchanges have built their own tokens and giving discount on the fee with using them which makes the traders to go for that exchange,which is same as how BNB become famous on binance exchange. 
Yes it could be, but what matters is the trust that people would give to that new exchange. Eventually there are new exchanges that did not survive in the competition with regards to the security and the sustainability that their customer needs.
Jump to: