Topic: More Exchanges Keep coming up( benefits or loss) (Read 765 times)
It can be both ways. Like having more options means higher competition and it obviously means better reward for the user. But of course, it is also equally important to have reliable and trustworthy Crypto Brokers to pick. If we are not going to go for the right option, it will not be helpful for us as it’s obviously con of having too many brokers, as often people join up wrong one. So it can be good if you use it properly or else not.
It would be a benefit in the market as that will give good competition among exchanges.
When there's a limited exchange, it would be easily monopolize by big exchanges, therefore more exchanges is already a need in a growing industry like crypto.
That is for the ones that has the courage to really stand and fight amidst the strong competition and the monopoly of these strong exchanges, most of the newer exchanges that I have seen end up packing up before they could even get to see the light of the day, and moreover, I have not really seen the need for new exchanges, because the ones we have in ground still serve the purpose for now, and if not for the monopoly we claim that we are trying to break.When there's a limited exchange, it would be easily monopolize by big exchanges, therefore more exchanges is already a need in a growing industry like crypto.
There is really no need for more exchanges, because when it comes to all facilities needed, I think these big exchanges has really covered it and it is because of their perfect service that attracted people to stick with them which majority if us has already interpreted that they are monopolizing the exchange industry.
I think at the stage we are right now, cryptocurrency exchanges are a little bit quite saturated and most of them even lack the vision along the line that makes them fail. The market cap of Forex is by far higher than that of cryptocurrency, and how many exchanges or Forex brokers do you hear of, but yet, they are still functioning perfectly well without any of them collapsing or over worked up.
I think some of the exchanges being develop for cryptocurrency is really not worth it for now, because we have too many exchanges that are still yet to get attention of users and traders for their platform, so why waste time on establishing one, or wasting time raising fund for an exchange project that may not make it or have need of in the current market. I think new exchanges should hold on for now till we get more projects.
I think some of the exchanges being develop for cryptocurrency is really not worth it for now, because we have too many exchanges that are still yet to get attention of users and traders for their platform, so why waste time on establishing one, or wasting time raising fund for an exchange project that may not make it or have need of in the current market. I think new exchanges should hold on for now till we get more projects.
There is no denying that there is a risk effect if more and more exchanges keep coming up, but a few days ago, I came across a next-gen multi-cryptocurrency 24/7 live exchange, beaXchange. This platform utilizes offline cold storage, multi-location server backups, hacker DDOS protection, full data encryption, and is PC DSS compliant.
You can check it out, https://www.beaxchange.com/!
You can check it out, https://www.beaxchange.com/!
As more tokens keep coming into the market, it is assumed that more cyptocurrency exchanges will raise. this, we all know have a risk effect which is that hackers are empowered to try their luck especially on vulnerable ones. The good side is that more tokens has the oportunity of getting listed on exchanges.
example; NCHT( nano healthcare) project just got listed on etherbase exchange.
Let's say that the crypto space is expanding unlike when we only have trust on few exchanges like BINANCE and BITTREX and so have you, now those exchangers we strongly put trust on have started to scam investors and with other kind of activities that's happening within. It's a privilege for new exchangers to come in so that we have lots of choices on which to save in our assets. example; NCHT( nano healthcare) project just got listed on etherbase exchange.
It would be a benefit in the market as that will give good competition among exchanges.
When there's a limited exchange, it would be easily monopolize by big exchanges, therefore more exchanges is already a need in a growing industry like crypto.
When there's a limited exchange, it would be easily monopolize by big exchanges, therefore more exchanges is already a need in a growing industry like crypto.
I don't really think there any correlation between the coming of all altcoins and increase in the numbers of crypto currency exchange company, although competition among exchange companies can really create effective service delivery.
Speaking about the arrival of new exchanges in the market, I think it would be a rise in the competition between the exchanges operating in the market. This competition among few of the exchanges to attract users will give rise to a price war that is each of them will reduce their cost of economic activity per user unless they reach a mutual agreement. Anyhow, Binance exchange is an exception with a monopoly power. We don’t have much of new users or adopters that will look into some of these exchanges and the few ones that are entering the market are not enough to give value that will power the exchange, which they eventually join a more reliable and larger exchange before the new exchange could think of expanding. I don’t see any point creating an exchange for now.
Although if among the new projects appear worthy of attention coins, this is a good opportunity for investment and expansion of its investment portfolio.
It sounds so easy the way you put it down. It's not in reality. How do you seperate a shit project from a project that is legitimately trying to deliver a working product, while both the legit and shit project use the same marketing strategies (i.e. promising to change the world, be better than Bitcoin, Ethereum, etc)?
Another important thing to keep in mind is that even when a project is legitimate, has delivered somewhat of a working project, it might not end up doing well at all in terms of price action. Most projects that show 100-1000% gains are the ones that are shit. It will come down to selecting coins left and right and hope that your basket of altcoins will do well.
It really sucks that people don't care what they invest in, but this is the market we're participating in. It's you that needs to adapt and accept the climate here, the market already has.
As more tokens keep coming into the market, it is assumed that more cyptocurrency exchanges will raise. this, we all know have a risk effect which is that hackers are empowered to try their luck especially on vulnerable ones. The good side is that more tokens has the oportunity of getting listed on exchanges.
example; NCHT( nano healthcare) project just got listed on etherbase exchange.
in this type of situation only we need to be careful and other because lots of opportunity will miss guide you to decide the wrong decisions so that if anything was came to you you need to understand about the taste changes then only can make their exchanges properly. example; NCHT( nano healthcare) project just got listed on etherbase exchange.
As more tokens keep coming into the market, it is assumed that more cyptocurrency exchanges will raise. this, we all know have a risk effect which is that hackers are empowered to try their luck especially on vulnerable ones. The good side is that more tokens has the oportunity of getting listed on exchanges.
example; NCHT( nano healthcare) project just got listed on etherbase exchange.
More crypto exchanges is really good thing too to get traders but not many after trading exchanges that enough liquidity for the trading to be done so you need to be careful on where your doing trading are you will get stuck for too long and also don't forget to read their fee structure. example; NCHT( nano healthcare) project just got listed on etherbase exchange.
A large number of exchanges is not so bad. Everyone has different conditions for listing and some projects do not have much money to be listed on the big exchange. But the bad side is that among this variety of exchanges there are scammers who can steal your money. Therefore, always check the exchange before you transfer your coins to it.
And so there is a general rule in economics and that says that if you have so many service providers out there in the market, the price drops and the quality rises due to competition among the companies for to attain maximum users. I think that it will bring down the cost of transaction by the exchanges as well. In addition, service provision would be impressive. I think there are many exchanges, and only a few of them are successful, the rest are very few. Therefore, it is not necessary to have more exchanges, the best thing is to focus on security and quality
Yes, there are too many exchanges and most of them are useless because of less volume. Although it is good if more exchanges are there as people find more option to deposit and trade but at the same time they should be good exchanges and not only made to collect the people bitcoins and money.
the more exchanges there are, the more the development of the cryptocurency world continues to increase, as well as scammers continue to limp, we also have to be careful about fraud and scammers.
A large number of exchanges is not so bad. Everyone has different conditions for listing and some projects do not have much money to be listed on the big exchange. But the bad side is that among this variety of exchanges there are scammers who can steal your money. Therefore, always check the exchange before you transfer your coins to it.
As more tokens keep coming into the market, it is assumed that more cyptocurrency exchanges will raise. this, we all know have a risk effect which is that hackers are empowered to try their luck especially on vulnerable ones. The good side is that more tokens has the oportunity of getting listed on exchanges.
example; NCHT( nano healthcare) project just got listed on etherbase exchange.
example; NCHT( nano healthcare) project just got listed on etherbase exchange.
I don't understand the mindset of all those crypto exchange platform owners.They can't beat the giants,so why are they starting such risky business?They can't offer anything more in terms of new features or added value,they don't have the money to invest in improvements.
It looks like most of the small new exchanges are going to be nothing more than exit scams.
I think there are many exchanges, and only a few of them are successful, the rest are very few. Therefore, it is not necessary to have more exchanges, the best thing is to focus on security and quality
I have seen so many ICO based exchanged like LBX, XERA, BECENT IRONX, unfortunately, some of them cannot set up an exchange that can challenge the current top exchange in the market,
top exchange are older than them but we will never know what if some of those ico based exchange will slowly gain costumers and grow big in the future . some of these will soon lose their shares of the market because they are not doing anything to make them competitive.
ive seen so many unrated exchanges that are still alive and kicking despite the less demand that they are getting in the public . being competitive isnt the only way to stay in the game . not all coins are listed on top exchange but most ico coins and tokens can only be traded on smaller exchanges that arent popular . The more the merrier they say. But I think the wallet projects like the EIDO or VenaPi projects are going to be more useful in this situation. Wallet projects where the coins and tokens stayed in your wallet while you can trade within the hybrid exchanges. These kinds of projects are like the decentralized exchange, it just need more volume and marketing to its projects though.
I have seen so many ICO based exchanged like LBX, XERA, BECENT IRONX, unfortunately, some of them cannot set up an exchange that can challenge the current top exchange in the market, some of these will soon lose their shares of the market because they are not doing anything to make them competitive.
I think that is our chance to search for more profit from the other exchanges, but of course, we need to find the exchanges which have a good reputation among the others. Besides that, we can try to arbitrage trading for some coins, but to do that thing, we need to be careful because some of the coins cannot be delivered in a short time. We can get more options to trade by registering in that exchanges and send some balance to start trading and who knows, we can get additional income from the exchanges.
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