I have never experienced a time where even the worst possible noob hole exchanges manage to attract hundreds of thousands of users. It just shows how much greed there is flowing through this market.
I think it's pretty easy to find the actual reason for people to massively flow into shitcoin exchanges in the more recent months. If we look at the majority of the higher level exchanges, then basically all people are more or less forced to verify themselves in order to utilize that platform, which a large group of these people understandably don't want for privacy reasons. Their only option is basically to sign up at Yobit, HitBTC, C-CEX, etc. If you think we have seen the worst already, then prepare for the moment the higher level exchanges go really ham on their users due to constantly changing and stricter regulatory requirements. Also, that's what made Binance grow out to be the giant that it is right now, because they are still allowing people to trade and withdraw without verification.
