Topic: Do you think that crypto exchanges are dead? - page 5. (Read 1340 times)
The well established exchanges with a trusted history will continue to thrive. However most of the new exchanges will fail because this business is already over saturated and with government regulations increasing it's getting more difficult to start your own exchange. If you do start one you need a lot of money to throw at advertising and incentives to bring over customers from other exchanges.
I think its not,the crypto exchanges particularly the bigones will never be dead for sure,because the admins/owners surely earns so much money from ad revenue from captcha in login and fees for their exchange under thewebsite.
The crypto market is currently falling again to a lower price and even though this year is the year of correction in the crypto market, but I don't think this is a death from crypto exchanges. Because we know that the bitcoin supply has not run out in the mine, which seems like the crypto market will continue to work, if the supply has been mined, then maybe we will speculate like this if there is another crash later. So currently it's still possible for the crypto market to recover I'm sure.
Of course i don't think it's dead, though market is fluctuating but it doesn't mean that way. Sometimes we believe on many speculations over the internet without knowing the real situation.
Yes i am agree with you. There are still lots of token volume trading into crypto market. So if anyone say crypto market is dead they are living in fools paradise. Every exchanger doing fully trade in 24 hours. So don't give panic with such kind of news. Claver person now investing into market and they will be big gainer in near future. Be stay with market.
Crypto market is not dead and so are the exchanges. Good exchanges are performing very well. You can take the example of Binance which is the number 1 exchange and now are planing to introduce the true decentralize exchange platform
dead is not possible, more precisely at this time there is a decrease in the level of transactions on all exchanges. there is a possibility that later it will recover if the price of a slight increase in movement, although not large.
On most exchanges, trading volumes have indeed fallen greatly. This is especially true of small exchanges with few trading pairs. however, I believe that this is a temporary problem that will end soon.
so Crypto exchanges are far from dead.
Of course they are far from dead. As a matter of fact, more and more exchanges just come to life. So I am not sure that's the reason for this thread.
Maybe there's not so much fuzz anymore around the exchanges, but I think that's closer to normality. Just as similarity: how many news you've seen about the exchange house from the airport?
The price of majority cryptocurrencies indeed fall but don't mean people not interested to trade again and big exchange such as binance or bittrex were never lack of traders as you can see from their market statistics that there are thousand of btc traded for every 24 hour and local exchange such as indodax also have plenty of active traders although their volume trade is not high such as big exchange but the market still alive
Crypto exchange are dead, it's not a good thing to say about it. Their are so many exchanges open everyday and also many exchanges already operating their operation in the present time. Their are so many problems we are seeing in new exchanges and also some old exchanges and the main problem is lack of liquidity. But these are the common problems and it's does not means that crypto exchanges are dead. Crypto world is continuously growing and still their is more possibilities in the future. And once more people attracted in the market then liquidity is coming in the exchange. People should be more aware before using exchange because in the past their are so many scam happend in the name of the exchange.
I think the market will be quiet for a long time (a few years) then recover.
exchanges will not die, because at this time many new exchanges are emerging, even new exchanges are better than existing exchanges, so this is a sign that the exchange will not die, the more exchange the better for crytpcurrency development. we as users can freely choose an exchange that matches the strategy and has a low fee.
Are you referring to exchanges that have been around for a long time or the ones that are still starting up newly? If it’s for the old ones, nah, they have no problem cause their foundation is already rock solid. The only ones that can have problem is the new ones, but with good plans they are likely to succeed.
Not having original ideas might not really be much of a problem, because sometimes people do copy and still reach a level to compete with the original. What’s likely to be a problem is lack of funds. If there is no funds, then its making no sense.
Not having original ideas might not really be much of a problem, because sometimes people do copy and still reach a level to compete with the original. What’s likely to be a problem is lack of funds. If there is no funds, then its making no sense.
Fake news, this type of fake news hampers the crypto.. Bitcoin exchanges dead when all cryptocurrency will dead. But some decentralized exchanges are dead. But centralised exchange alive.
Yes that is also what im thinking about . crypto exchange can also die along with decline in the price of crypto because people are now cashing out their assets out of the exchange if they feel that there is no hope in the recovery of the coins but this can happen rarely on some other exchange especially if they have a poor service .
Is cryptocurrency dead? As long as cryptocurrencies exist, there will always be platforms to exchange/trade crypto. If you’re referring to start-ups exchanges, they may be facing serious challenges which maybe threatening to their existence. One of the problems the cryptospace is facing is copy and paste and repetition of projects with different names, innovation and creativity is fading out in the space.
Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace, why can’t other cryptocurrency exchange start-ups follow suit?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.
One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.
At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.
This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.
It’s a normal thing for new exchanges to face difficult times, but with time they will always get better if they are legit, cause the scammers will always drop out with what they have gotten from investors. But this doesn’t mean that it is over for every exchanger in the crypto market, cause a lot of them are doing just fine, especially the ones that have been around for long. And I think new exchangers only faces challenges if they didn’t plan very well before starting. Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace, why can’t other cryptocurrency exchange start-ups follow suit?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
The big exchange platforms are gaining more grounds everywhere, this making the space more competitive. Nevertheless, some start-ups are really making much sense and are impacting immensely to the blockchain and cryptocurrency space. For any startup to pave through the crowd, it's idea and technology must be very solid.
One of the start-ups to look out for is BLOCKCHAIN BOARD OF DERIVATIVES, the platform combines both centralized and decentralized features of Blockchain to stay aloof the crowd in the space. This is a all-in-one trading platform, that is going to be welcomed when it is launched.
At BBOD users control the destiny of their own funds. BBOD runs a non-custodial smart contract wallet system where all account balances are held by a decentralised smart contract on the Ethereum blockchain. Centralised entities are too often hacked, BBOD adopts hybrid approach to decentralised safety combined with a centralised trading engine ensures the security of your funds whilst maintaining blazing fast transactions speeds, thereby giving the platform an edge over other exchange start-ups.
This is not the only Crypto exchange that is making impact, there are several others who make making the revolution worthwhile, so Crypto exchanges are far from dead.
Crypto exchanges are not dead, it is just that there are a lot less people trading and investing in such conditions.
BUT there are good ideas and exchange platforms being built at the moment.
There is one exchange that will offer copy-trading and algo trading to its customers. You will be able to follow and the trades of a chosen trader.
It is called - Covesting (Regulate by Gibraltar, DLT license)
Their token-economics are not to be missed.
-50% fee reduction when trading through COV-pair pairs
- You will need to buy COV to be able to follow a trader.
- You will need to buy and lock COV to unlock access to algo trading.
- Token burning - 50% of the exchange fees will go to burning the token.
So NO, I don't think that innovative and regulated exchanges are dead, it is just that the market is in a very bad situation.
BUT there are good ideas and exchange platforms being built at the moment.
There is one exchange that will offer copy-trading and algo trading to its customers. You will be able to follow and the trades of a chosen trader.
It is called - Covesting (Regulate by Gibraltar, DLT license)
Their token-economics are not to be missed.
-50% fee reduction when trading through COV-pair pairs
- You will need to buy COV to be able to follow a trader.
- You will need to buy and lock COV to unlock access to algo trading.
- Token burning - 50% of the exchange fees will go to burning the token.
So NO, I don't think that innovative and regulated exchanges are dead, it is just that the market is in a very bad situation.
So I'm part of a team actually building a decentralized trading platform right now (https://trade.lakeproject.co), here's my 2 cents:
- I don't think exchanges are dead, it's just a bear market and crypto winter right now, the next bull run interest will flood back
- You're totally right, being a new startup in this space is tough, especially in this market
- The market is saturated with centralized exchanges, but DEXes have barely taken off yet, and the UX is lacking. I think there are many value-adds that startups can bring to drive adoption of DEXes
- I think we'll continue to see more Hybrid exchanges, that's something we're working on as well, a central place to trade anywhere, to solve the liquidity problem
It's still early days, so we're not too worried during this crypto winter, we're in this for the long haul.
- I don't think exchanges are dead, it's just a bear market and crypto winter right now, the next bull run interest will flood back
- You're totally right, being a new startup in this space is tough, especially in this market
- The market is saturated with centralized exchanges, but DEXes have barely taken off yet, and the UX is lacking. I think there are many value-adds that startups can bring to drive adoption of DEXes
- I think we'll continue to see more Hybrid exchanges, that's something we're working on as well, a central place to trade anywhere, to solve the liquidity problem
It's still early days, so we're not too worried during this crypto winter, we're in this for the long haul.
Like everyone before has said, crypto exchanges are not dead despite the fluctuations happening in the market. That being said, I wonder if because of this, a new crypto exchange network might emerge? Something that might be better than what we have today. What do you think?
I think it’s natural that old crypto exchanges are responsible for the biggest part of the market. Large exchanges like CEX (https://cex.io/) or Coinbase have a significant number of users. It’s difficult for new exchanges to attract a lot of users because they have nothing new to offer. They can’t reinvent the idea of a crypto exchange.
Of course i don't think it's dead, though market is fluctuating but it doesn't mean that way. Sometimes we believe on many speculations over the internet without knowing the real situation.
Yes i am agree with you. There are still lots of token volume trading into crypto market. So if anyone say crypto market is dead they are living in fools paradise. Every exchanger doing fully trade in 24 hours. So don't give panic with such kind of news. Claver person now investing into market and they will be big gainer in near future. Be stay with market.
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