They just need it in order to get enough time to sell their coins if there is a pump so you cannot send your coins and profit.
I am out of cryptopia because of this practice.
If this is what people think we will just delist all coins with insecure networks
I have never seen an exchange where you send coins one day and the coins are deposited the next day because of two hundred confirmations.
It's ridiculous.
The point of cryptos is fast transactions.
Would you like it if you go to purchase something in 2 years with bitcoins and the shop says pay today and come back tomorrow to collect the goods until your payment is confirmed?
Of course your answer would be, I pay in fiat, then.