Many exchanges is really nice because it means that cryptocurrency are become popular so many people create exchanges.
The good with is also we can choose best exchanges for us like Binance the no. 1 exchange now but Im still trading in different exchanges because better to use several exchanges not just only 1 need to use atleast minimum of 3 exchanges.
Topic: How many crypto exchanges are really required? - page 7. (Read 1144 times)
Of course, it would be nice if there weren’t so many cryptocurrency exchanges, because you really need to register on so many cryptocurrency exchanges in order to sell or buy some tokens that interest you, also if there were only a few cryptocurrency exchanges, then the volume of trade would be very huge on these exchanges and that would be good for us, and unfortunately there are a lot of cryptocurrency exchanges where is zero trading volume and cryptocurrency trading indicators are fake.
more exchange for me is good for our cryptocurrency. The circulation of coin/token on exchange won't centered on 1 exchange only, that mean we can avoid a dump or manipulation of any single exchange.
In my opinion, if you are a trader, why you generate an account on hundreds of exchange. Mainly, you only exchange coins that have a 100 top rank in CMC. You should only to register an account on ten large exchanges, and that's too much. Of course, you should be ready to have an account on many exchanges if you a bounty participant. Because bounty tokens are usually listed on an exchange that is sound strange to our ears.
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the project exchanger is the most profitable project, even for the founder of the project, because it is a definite advantage as long as they run it well. for now, there are many exchanger projects who want to compete, or beat the current popular position of exchangers. in addition, there are also some old exchangers who do not survive the harsh competition. such projects will always be there by offering their latest innovations, and exchanger who cannot survive, will stop and be replaced with new exchangers. therefore, there will always be a project exchanger.
This space is already saturated with many exchanges even the ones we don't know, and funny enough many are already promoting IEOs; made research few weeks ago, I was surprised on the new exchanges promoting one IEO or the other, one exchange is promoting more than 2 at a go. So from this, I can't be mistaken for saying that these exchanges only cares about Money, thereby not putting in place features which can make them last long. Binance as big as it is, keeps upgrading, that's to show the level of seriousness within it. We don't need more exchanges, let the ones existing improve no matter how small they think they are, and you will see people trading there.
Agree. Bounty implementation projects are often shit projects and they cannot be listed at large exchanges. And bounty hunters have no other way than to register and use shit exchanges
The reason some shit exchanges like Yoshit exchange exist is because of the bounty hunters. They go for every new token being posted here and do their bounties not even thinking twice that it is going to end the same way as every other shitcoin bounty. Then they go for exchanges their tokens there because the project cannot spend 4 BTC or more to get listed on big ones like Binance.This system is basically running for several years now. Bounty does generate some marketing but at the cost of quality and trust.
Most new exchanges have low volume. Those exchanges are not good for trading. If you have no idea about any ICO project listing, don't invest them. That's why your own research is important. Because there are so many ICO projects, but they are listing on low volume exchange and they are not giving a profit to the investors. You can go with IEOs from top exchanges. If you are going to invest in coins, you can go with the top coins on top exchanges.
The problem is that we have thousands of different cryptocurrencies and some of the less known altcoins are being traded only in one or two obscure exchanges. So in case a bounty hunter or an airdrop recipient wants to encash his reward, then he needs to register to these exchanges. They have no other choice, as the bigger exchanges will never allow these shitcoins in their platform.
Agree. Bounty implementation projects are often shit projects and they cannot be listed at large exchanges. And bounty hunters have no other way than to register and use shit exchanges 
The purpose why a project continues to aim to get listed in different exchanges is to increase their liquidity and awareness to the people.
Look at the most successful projects in the market, ETH is a good example in altcoins department which is popular across the world.
As of today, it is listed in 400 exchanges, you can view it here https://coinmarketcap.com/currencies/ethereum/#markets
With that big number of exchanges, even it will be delisted in some exchanges, it will still continue to be traded in other exchanges, and mind you that those exchanges are operating in different countries, that's where the awareness will grow.
Look at the most successful projects in the market, ETH is a good example in altcoins department which is popular across the world.
As of today, it is listed in 400 exchanges, you can view it here https://coinmarketcap.com/currencies/ethereum/#markets
With that big number of exchanges, even it will be delisted in some exchanges, it will still continue to be traded in other exchanges, and mind you that those exchanges are operating in different countries, that's where the awareness will grow.
I don't really believe in numbers but quality. More and more clueless exchange projects keep sprouting and adding up to existing exchanges without any revamped changes. I think we should patronize only exchanges with all-in-one required features which gives traders reasons to trade on them.
The different exchanges here have different developer or team behind it so if they are really many then that's good because many investors come by that so everyone of it have impact in crypto's market but still we can also use few exchanges for adoption like new alts/tokens will list by that another thing better really to use trusted and popular exchanges compare to new only
There's a need for competition to avail the best exchange which we deserve as traders and customers of them. But I don't think that we need a bunch of them competing with each other.
It's already too much if from time to time there's always a new exchange that comes out and tells that they can be the best exchange in the world.
It's already too much if from time to time there's always a new exchange that comes out and tells that they can be the best exchange in the world.
Every day crypto projects keep popping up and new Exchange keeps popping up. It does look very complicated if you see an increasing number of exchanges. every exchange that is developed has its own advantages, starting from the features, transaction fees and possible listings that are needed to be registered on the exchange.
I myself only have exchanges that have a large volume of trading and are already trusted, in each country having their own local exchange that is used to attract FIAT in the eyes of their country. For other exchanges depending on the coins that I have, because as a bounty hunter must register at every exchange that is used to list the coins that I have.
I myself only have exchanges that have a large volume of trading and are already trusted, in each country having their own local exchange that is used to attract FIAT in the eyes of their country. For other exchanges depending on the coins that I have, because as a bounty hunter must register at every exchange that is used to list the coins that I have.
That's a good observation, many new projects are exchanges and it doesn't really make much sense since most, if not all, are not up to the standard of existing exchanges. We do not really need too many exchanges, we need few exchanges with required features for a seamless experience, especially top notch security and low fees.
Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
I don't think we need more, that strength and courage should be channelled into developing unique projects which will help the course of crypto in general. But most times I don't blame these new exchanges because when you check what it takes to list on most top exchanges, it is really discouraging; but if these new exchanges will really stick to their ideas it will help a lot, but the issue is most don't even last, thus my first statement. To answer your question, there is no specific number, we only need trustworthy and reliable ones. Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
In my own opinion, we don't need more, to be frank am tired of registering with many exchanges. Talking about new exchanges, the upcoming ones, what new things are they offering? The features they are bringing to this space how is it different from the ones we are used to? Many have came up with various ideas on how they will beat most exchanges but are now worthless. However, if it's in the case of decentralized exchanges, then we need it; we need DEX which can be fast, user-friendly etc so it can challenge most centralized exchanges.
I already stopped registering to new exchanges a long time ago. I only have account to exchanges that I really need to use like if the tokens that I need to sell can be found only in specific exchanges. Because most exchanges are requiring to complete KYC requirements, you don't know which of them are operating legit or not. And you'll never know where your private data will end up with with all these requirements from them. Better stick to known legit exchanges.
Wouldn't you want a lot to help diversify funds? Just like banks?
It's time we begin to ask exactly what is the essence of each project coming with their own brand of exchange
Can't these tokens be traded on other people's exchanges. Are they sone bottlenecks and constraints militating against the listing of new projects in already existing exchanges that these new guys are trying to avoid and until these pertinent questions are answered we will continue to see multiplicity of exchange
Can't these tokens be traded on other people's exchanges. Are they sone bottlenecks and constraints militating against the listing of new projects in already existing exchanges that these new guys are trying to avoid and until these pertinent questions are answered we will continue to see multiplicity of exchange
In my own opinion, we don't need more, to be frank am tired of registering with many exchanges. Talking about new exchanges, the upcoming ones, what new things are they offering? The features they are bringing to this space how is it different from the ones we are used to? Many have came up with various ideas on how they will beat most exchanges but are now worthless. However, if it's in the case of decentralized exchanges, then we need it; we need DEX which can be fast, user-friendly etc so it can challenge most centralized exchanges.
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