Is there really a need for lot of new exchanges? - page 3.

joeydangerous

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Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

The more exchanges, the less likely it would be for that MT. Gox scenario to happen again. There is a bunch of junk exchanges though, watch out.

wxa7115

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Quote from: Marucya on October 27, 2017, 01:54:23 PM

I believe that there is a clear need for new encryption exchanges. There is a very urgent need for an exchange that would constantly trade all tokens issued as a result of the ICO. Of course, those who have not yet died completely. Here, of course, there are a number of difficulties, because the stock exchanges have their own rules and at the same time it is almost impossible to tinter all coins. Then you need to increase the number of such exchanges so that the choice is much larger.

This will need to come from decentralized exchanges, I hear that some exchanges are charging money to the developers of new project in order to list their coins and that is just pure extortion because as we know if a token is not listed on an exchange it is going to be very difficult to trade it, so decentralized exchanges are going to be the ones to add all the coins they can so they can attract more costumers to use their services.

IAMYOURLEADER

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I don't see anything wrong with it. Traders will benefit with these because they can try which of them are better than the other like the old ones. And also it will give more opportunities for an arbitrage so imagine if all those exchanges listed one of your coins therefore there's a huge possiblity that one of those has lower or higher selling and buying prices.

h0lybyte

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Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

Yeah, if we compare existing exchanges like etherdelta,hitbtc, these are all confusing trading platforms and a lot of people are not able to understand how to trade there.
Some ask for private keys, some charge irregular fee. I think crypto enthusiasts have really need for many new exchanges which have simple user interface just like changelly.
Also the exchange should be able to support exchange between tokens to bitcoin.

slaman29

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Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

I'm not surprised I only recognized three from your list. But you know what? If we all really want the domination to end from centralized exchanges, who just keep holding us hostage to whatever random and arbitrary laws that they come up with whenever they feel like it, then this will be the future that must happen.

I guess the point of decentralization is just that. Many exchanges to choose from, and market competition is free. Just like Bitcoin. Doesn't matter if there are 100 wallets and 100 explorers. We can all use them and use any or all. Doesn't have to one big wallet that everyone must use. And the coin and all of crypto is far better because of this.

maeusi

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Yes, we need as many exchangers as possible with different features I look especially for one like poloniex and bittrex with exchange and trade section and exchangers without registration like shapshift but cheaper.

X7

legendary

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Let he who is without sin cast the first stone

Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

More liquidity - more convenience - more decentralisation - more on ramps.

gorodi

full member

Activity: 476

Merit: 100

There is a need for new exchanges. But only that these exchanges were of high quality and did not take a large interest, and also did not have a niche with you money.

It's a pity that such exchanges are a unit, but many already do not trust them. The best solution is a desktop wallet. Only in it there is at least some kind of stability.

Smolko

sr. member

Activity: 434

Merit: 250

There is definitely a need for a new exchange!
A decentarlized one but one which really works seriously WAVES DEX is waaaay to crappy and unfriendly to use no wonder no one ist trading there.
You need an App you need this you need that tooo much!

HongKong

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Activity: 812

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Quote from: Eros1on on October 28, 2017, 05:55:04 AM

I hold kyber and x, i'm not optimistic about waves because it is Russian and not optimistic about russia

The major exchanges like Bittrex and Coinbase is the ones that will survive when Bitcoin gets very expensive.

Though those exchanges are very popular and they hold a bunch of Bitcoin and Altcoins, there is still a possibily of them running away with the money.

Eros1on

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I hold kyber and x, i'm not optimistic about waves because it is Russian and not optimistic about russia

Legendari

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Activity: 266

Merit: 100

Quote from: cau on October 26, 2017, 10:38:47 PM

Other than decentralization in what else these exchanges have to offer

They can also offer you trade exotic pairs (such as trade tokens based on the waves)

meisha

newbie

Activity: 69

Merit: 0

I would like to see some more exchanges for the smaller market coins. Nova/etherDelta and yobit are so laggy and terrible to use. A more modern high speed exchange with some of the newer coins would be great!

Kema

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Merit: 100

Is there a need for more exchanges? YES, if they bring something new to the table.
If it's just a rehash of existing exchanges, it becomes more questionable. It can be anything I suppose? As long as it improves the experience for the user, it's all good IMHO.
At the moment I feel that the greatest advances could be found in improving access and simplifying the bridge between cryptocurrencies and fiat currencies.

criticoflife

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Activity: 353

Merit: 101

Well if you think of it this way, there are more and more crypto buyers every day the market is exploding. In the future it will only be busier so yea i think there is a need for more exchanges. Some have some really good features too such as giving a % of the trading transaction fees back to users for holding specific coins in there wallets on the exchange.

stealth.money

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Activity: 561

Merit: 255

Going stealthy

Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

* Binance.com
* Cobinhood.com --- https://www.coindesk.com/actor-jamie-foxx-promotes-cryptocurrency-exchange-ico/

The more the merrier.

btcney

hero member

Activity: 588

Merit: 500

Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

There's also BTS decentralized exchange, counterparty DEX, and countless others.

Each really has its own niche and only supports a few tokens. Most only support tokens that are issued on the same platform as the exhange is on(for instance Bitshares or counterparty). They are essentially betting on decentralized exchanges becoming a mainstream thing, which imo i'm doubtful of.

vv181

legendary

Activity: 1932

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I recommend you to keep an eye on XBY Exchange, it P2P exchange that will allow users to trade and execute transaction directly into PoSign blockchain, so the exchange provides an environment immune to vulnerabilities that another exchange lack of.

anggriani

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Activity: 630

Merit: 251

Quote from: wxa7115 on October 27, 2017, 02:49:52 PM

Quote from: cau on October 26, 2017, 10:38:47 PM

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

The more competition the better we do not want the Mt Gox thing to happen all over again that depressed the price of bitcoin for a lot of time, also you need to understand that decentralized exchanges bring a lot of advantages over centralized exchanges, centralization is always going to be a weakness, with decentralized exchanges governments are not going to be able to seize a few servers and confiscate everyones coins.

I agree with you, the more the exchange will get better. So we will know between good and bad exchange. They will also compete to become better in service and others, to gain as many users as possible.

cau

full member

Activity: 156

Merit: 100

Thanks all for your perspective!

I suspect a scam here which could be bigger than ICO scam. New exchanges, in the name of listing a coin in their exchange accepting payment from the coin. This inturn increase the liquidity or availability regardless of the coin's trust worth.

Not necessarily a scam but an easy money for exchange builders without contributing much to crypto world.

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