Topic: More exchanges then new traders (Read 651 times)
The problem is that the new exchange does not have features that are superior to existing exchanges. So, people will think it's better to use an existing exchange with the same features.
To be honest, the situation can be understood in the market there were many projects that position themselves as exchanges and they entered the market to create competition, but I agree with the fact that trading volumes are not on the top exchanges, but give them time and you will see
That's perspective,I think. The more exchangers,the more places we can market different coins and tokens. I can see that there's no problem about the situation and there's nothing to be affected.
This is true if the exchanges are true and without any scam . Else it’s an alert that more new exchanges have being scamming people money and thus this leads to more negative news in them market and leads to drop in the price of the coins. Thus always be careful and if possible use the oldest and genuine exchanges as majority of the coins would be listed thier .
There is an interesting phenomenon in the cryptocurrency market. The number of trading platforms exceeds the cryptocurrency. We see many new ICO projects almost every day, and their goal is to build a trading platform.
Here there is a controversial issue. On the one hand, new exchanges are no longer needed, because they are already enough, and on the other hand they list those tokens that are not seen on other exchanges. In any case, competition plays into the hands of traders.
It is true that the situation with a large number of exchangers has positive and negative consequences. Many promising coins start their way from small and unknown stock exchanges, and then go to the major stock exchanges. Competition between exchangers improves their quality and enhances the service they provide to users.
And why is it bad? On the contrary, I believe that a large number of exchanges have a positive effect on the cryptocurrency market, for example, the more exchanges, the greater the capitalization of the market as a whole, which consequently increases the cost of tokens, and this is beneficial to all
Everything needs time to develop and nothing remains same in crypto system, it is natural to have so many exchanges because all projects want to provide unique service(better quality, easier trade, more options and profit for users)that will be user friendly and adapted in most countries. For sure we will still use top ones, but if one day you discover you have so many opportunities on other dex-why not try?Every next exchange is a better version of the common used).Look to OAX and LCS for example).
I agree that nothing remains the same in crypto system.Just imagine seeing a lot of exchanges offering trademarks to users with benefit of them. Because of these competitions of exchanges, they are going be develop just to be chosen because of what they offer to users. But surely those top exchanges are what we are going to use considering that they provide unique services that would meet our satisfaction.
Everything needs time to develop and nothing remains same in crypto system, it is natural to have so many exchanges because all projects want to provide unique service(better quality, easier trade, more options and profit for users)that will be user friendly and adapted in most countries. For sure we will still use top ones, but if one day you discover you have so many opportunities on other dex-why not try?Every next exchange is a better version of the common used).Look to OAX and LCS for example).
This is a normal phenomenon, everyone tends to take a place in this system. Most turn out to be scammers, or eventually go bankrupt. Look only at the TOP volumes
more and more new investors in the cryptocurrency world they will issue new exchanges, but I see a lot of new exchanges but often not successful and end up scam and I myself avoid new exchanges or small volumes
That's perspective,I think. The more exchangers,the more places we can market different coins and tokens. I can see that there's no problem about the situation and there's nothing to be affected.
There are a lot of new exchanges coming everyday. But maybe it is not such a bad thing. It can help us making a big diverse market. Many new exchanges are developing and I think it is great.
That's my thoughts too, there's too many exhanges, but those new exchanges are not that big and well supported by the community and eventually ends up closing down, leaving all the traders, sometimes bringing some tokens with them.
just look ... now there are many new exchanges and offer several advantages.but they have difficulty increasing current trade, because the market situation is not stable. for example wordex, ico is complete but the platform doesn't match the plan.
lol , no . exhcanges were only countable but people around the world are billions and trillions , therfor traders are more when compared to exchanges .
no not all . its totally impossible and makes no sense at all if every certain country will open thier own exchange . what will the benefit that will get if they do it ? also , it isnt wrong or illegal to trade on international exchange because anyone can use them since that is only online .
now each country opens crypto exchanges, we know the benefits of exchanges are very relevant and in line where we easily exchange crypto that we have in our own country without having to exchange into international currencies.
so in my view, so much exchange will be a competitor in the fees and data rates of transactions that they send to traders.
so in my view, so much exchange will be a competitor in the fees and data rates of transactions that they send to traders.
no not all . its totally impossible and makes no sense at all if every certain country will open thier own exchange . what will the benefit that will get if they do it ? also , it isnt wrong or illegal to trade on international exchange because anyone can use them since that is only online .
now each country opens crypto exchanges, we know the benefits of exchanges are very relevant and in line where we easily exchange crypto that we have in our own country without having to exchange into international currencies.
so in my view, so much exchange will be a competitor in the fees and data rates of transactions that they send to traders.
so in my view, so much exchange will be a competitor in the fees and data rates of transactions that they send to traders.
Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
they creating too many similar project exchanges because they think maybe its a great idea making decentralized market are more attracting customer players and investors when they want ico sale in the future. because also being have a market feature in ico project has a promising and getting a real hype.. thats what only my thought.
That's my thoughts too, there's too many exhanges, but those new exchanges are not that big and well supported by the community and eventually ends up closing down, leaving all the traders, sometimes bringing some tokens with them.
Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens .
An exchange doesn't need to trade 1000s of BTC to get profit. Some are happy with much smaller amounts. And this is a part of decentralization. And it's good.
The more legit businesses the better. More exchanges means that some may even trade your tokens. More exchanges means competition, which can lead to lower fees.
If you don't like this, you misunderstood something...
Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
They just don't have to. What would you prefer to see, only one grocery shop in every country or one at every second corner? How do they survive?! It's basically the same logic.
I honestly do not understand for what purpose we need such a number of exchanges. Especially now, when trading volumes are zero?
What volumes are zero? I've just looked at the charts and they show 85 300BTC only today for Bitcoin. Yes, it's far from the average of 200 000BTC traded in Dec 2017, but it's also far from 0.
A lot of trust is needed today to deposit my precious btc on some new exchange. I was burned with coinsmarkets exchange like many others. There are even lawsuits but there is no trace of who was behind it so I gave up on that coins. So I would rather let other people testing new exchanges for at least a year before I put my money there!
Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others
That has been part of my concerns for quite some time now. Exchanges just keep increase. Some people are just doing this for selfish gain. They cannot use other means again to siphon money from people. Their target is now use their so called substandard exchanges to get money from people and then one day fold up and traders eventual loss. I do not just like using such exchanges. Jump to: