Topic: Can a new crypto exchange take a place in the market? - page 6. (Read 864 times)

Now there are many different exchanges and it is very difficult to compete with them. In order for the exchange to become popular, it needs to offer something new, unusual and useful to users of the exchange in order to stand out among its competitors. Otherwise, there is no point in launching another crypto exchange, which will be exactly the same as a hundred other similar exchanges.

For now, I see a lot of exchanging crypto tokens on the market, but it depends on the place, this I think has become an injection or an idea so that people are more familiar with coins, meaning understanding about crypto.

Binance started small so before it will dominate all the exchanges, the existing exchanges today should really be taking action and massively promote themselves like they are one top exchange that prioritize the welfare of crypto users. f there is the need to support forks do it like how binance do it. If there are airdrops need to be distributed, distribute them honestly like they do because sooner if all exchange provides dishonest services, Binance will the the first to dominate and all others are garbage.

As far as i know, they are launching soon(in the end of Feb) 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?

It's called Nominex, i believe they're launching in the end of February.

The more the merrier but only few survived and some are tempted to scam investors, yes we really need good exchanges to have more choices. The real secrets of exchanges to succeed is through competent team and effective marketing, some looks good and attractive but fail to meet user satisfaction.

The space still have less than 300 exchanges for up to 4000 coin, most of the exchanges are trading shit coin and have no influence in trading market. the space is welcoming a new development to bring in fund to it and to increase adoption across the globe. Letting everyone be involve in the technology is the new movement to increase adoption to ends of the world. More so basic requirement of a good exchanges should be satisfied, it is no more in the number of exchanges but the influence in market to bring more fund and increase adoption while our accounts are kept safe.

they've been developing it for a long time already ], so all the things like security, unique features etc are covered

Its possible, especially if they got so much interest from the public. The top exchanges right now are also experienced to be doubted befors but look at them now, they succeed. Maybe a little more time for them before they land on at least top 50 exchanges and the next goal will depend on the performance of that exchange.

to be on top you also need to be the best and any exchange does not have that trait . not all have the potential because some are born to be good and some are destined to be bad .


afaik exchange and market are both the same/simillar  . what you mean to say is " can a new exchange take over the existing one's " ?   the answer is yes only if they are promising enough . if they are unique and has a better service than the other competitors then its possible for them to be discovered and rank up .

It is possible for any exchange to be on top. But you have to also look at the competition.
ICOs now are creating projects which mostly are exchange.
Think about it, investors are willing to buy their tokens and are actually believing it will work out. Same goes for every new projects out there and yours.

It must be unique though and not just a mere copy of those famous exchange which is mostly the product of ICOs. Conclusion: Failure.

But I don't disagree with this

In fact, I'm using margin trading (i.e. shorts) specifically to keep as little in my exchange account as possible, while still being able to ride short-term price movements. It is just a matter of time when an exchange gets hacked or something else as bad happens resulting in the loss of coins (like what happened at Quadriga). For the record, Bitfinex had already been hacked in the past, though it is still not clear whether it was a "genuine" hack or an inside job

This is the bottom line! There is still place at the top for many others! Crypto just started to grow and we will see many, many new exchanges. Second great thing you said is "overtaking is allowed in this ecosystem and in many others, who come out with better team, better solutions, unique ideas, combined with all other factors can aim for place at the top, others will stay where they are or they will fall.


My point is clear, things are changing in crypto faster than in real world! This is not the end of the game, it`s just starting to be interesting as more people are coming in. We can`t predict the future, all I know that even the greatest ones fall from time to time. Competition is healthy for every business, even for this crypto businesses. What am I saying is that we need to be ready for everything, by that I mean don`t hold to much coins in any exchange no matter how popular or big they are.

There is still place at the top for any up coming exchange, overtaking is allow in this ecosystem. Want is needed is good publicity, liquidity and security.

Exchange platforms will usually enter the market list depending on the daily trading volume in the crypto exchange, if the exchange is quiet and does not have a high trading volume then it seems that it requires a higher effort to be able to increase trading volume so that it can be placed in the market.

They introduced their own token and giving fee restrictions while using it so if some exchange got more trading volume means their token will be a big part of it like in binance exchange BNB is doing good at the moment but they may not last long.

of course this is inseparable from the opportunities of growing cryptocurrency users. therefore many projects are based on exchanges. I think this is good for healthy competition, with more and more exchanges, consumers can choose the exchange that suits them best, with good service I think they can compete with the old exchange

that's why now many projects based on exchanges.they look it as their opportunity to earn money from cryptocurrency.each new exchanges project give interested offer to their investors, such as deviden, free trading fee and soon.if cryptocurrency market recovered they will gain much money from trading fee.

developers teams see huge opportunity if they developt their own crypto exchanges.day by day cryptocurrency investors growth smoothly and much new investors joined in crypto trading.they see this is as good opportunity to earn money if they developt their own exchanges.

Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also  think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.