Topic: New Exchanges Are Coming? But It is OK? (Read 2630 times)
If the new exchange is popular to many people even through its new because of advertising it through bounty campaign, then those exchange site is good because it can bring big volume to many coins that are listed on that exchange.
As more coins enter the Blockchain ecosystem, more exchanges are required to ensure a well-facilitated trading system of cryptocurrencies. This is where trading takes place to give meaning and value to the coins we possess. It will even be better if every country has an exchange aside the top exchanges in the world.
I agree that exchanges will enable a well-facilitated financial system. But wouldn’t it be better to just have one exchange for all countries? I mean that’s the purpose and function of crypto right –to serve as a universal financial instrument? Just like how Virie describes its distributed exchange system. It’s a “market without borders.” If a crypto is structurally capable of being one, don’t you think it’s more convenient to have just one exchange?
It's fine for me, but I'm curious how are new exchanges going to attract regular customers and clients and gain trade volumes.
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Any exchange that lags in price will become interesting from an arbitrage point of view.
It's fine for me, but I'm curious how are new exchanges going to attract regular customers and clients and gain trade volumes.
I don't think it is a bad thing to have many exchanges around, provided that they will be healthy exchanges and not cheat or scam as we have seen the some of the existing exchanges. Availability of adequate exchanges will make listing of new coins very easy.
It is estimated that there are over 2000 Cryptocurrencies and more are being shuned out steadily.
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
On the other hand, I see that Binance, for example, claimed to accept only the best project without fees. If other major exchanges follow this example, it will really helpful for the industry.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
Most volume is still focused on top-10 exchanges that create liquidity. Small exchanges may be good for some specific altcoins, but it looks to me that the appearance of small and medium exchanges doesn't affect the whole situation.
It is estimated that there are over 2000 Cryptocurrencies and more are being shuned out steadily.
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
Small exchanger is usually still in the process of growth, we all don't know what the little exchanger will be like, because all the major exchanger has also been a small exchanger
for the effect on the price of cryptocurrency, exchangers have never had an effect on prices, unless the users really want to buy or sell like people panic, exchangers only work as intermediaries to make it easier for us to exchange crypto assets
if you hear about NexyBit, you can try it, a few hours ago I withdraw BTC on NexyBit, and only in less than 2 minutes, my BTC arrived in the wallet
https://nexybit.com/
for the effect on the price of cryptocurrency, exchangers have never had an effect on prices, unless the users really want to buy or sell like people panic, exchangers only work as intermediaries to make it easier for us to exchange crypto assets
if you hear about NexyBit, you can try it, a few hours ago I withdraw BTC on NexyBit, and only in less than 2 minutes, my BTC arrived in the wallet
https://nexybit.com/
It's good to have more exchanges otherwise the listing fees will be ridiculous without any competition. Also, small ico's and sitcoms won't be tradable without them
In my opinion theres no problem with that. It can't affects thr continuing grow of bitcoin. Its a gif thing because we can facilitate this crypto currencies and many players will come more investment more people more trading.
I think so and think it is true. But I wonder whether it will lead to a new change like the new king or the fast falling price I do not know. But I hope BTC will remain stable and prices will increase again
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Cryptocurrency is decentralized and there is no stopping any exchange from coming on board so far you have a good technical system and you feel you are secured enough then fine but it won't be easy to get adaptation
it is not a problem, it really does not really affect bitcoin but rather altcoin has the big impact because every new exchange is always a partner to build a project that has no market. in fact the exchange provided the market for newcomers to the market. crypto has market rules that make the value of coins worth
in my opinion this is actually better with many new exchanges at Crypto because it will be easier for new tokens to have a market.
so even though the exchange volume will decrease because it is separated but with the number of coins that enter it will increase by itself.
so I'm not too worried about that.
so even though the exchange volume will decrease because it is separated but with the number of coins that enter it will increase by itself.
so I'm not too worried about that.
We have seen so many of useless exchanges! What difference would they make if they remain Centralized?
As days goes by, many exchanges has been build and i think its okay for crypto that there are many markets because, people choose those exchanges that will help them to trades their coin conveniently. Lets just say, they are competing towards costumers like us. Thats good also because we can choose what market we like and most of all, fees are mattered and also the security for us as a user.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
New exchanges without real products of the coins won't make any difference, it just spreading the volume indeed.
But if there are new exchanges coming, usually they have some events that you can participate to get rewards in coins or tokens.
Many exchanges in the crypto market are not survived if they have no volume in their exchange, so they running events to get more users.
Everyday, we are seeing new crypto currency exchanges start working. So many platform has already opened. But Is that OK? I think volumes are seperating. How this effect prices?
I also notice that in fact promoting one and most of these exchange that held their ICO are successful, they offer something that these existing exchanges do not have, maybe in the future, we will have hundreds of new exchanges and it will become a stiff competition for exchanges now and only the best can survive the competition.
In my opinion theres no problem with that. It can't affects thr continuing grow of bitcoin. Its a gif thing because we can facilitate this crypto currencies and many players will come more investment more people more trading.
I think we don't have any problem with the new exchanges if they bring something new or exceptional. A lot of exchange based ICOs are preparing to come or launch in the crypto market, a few days ago extoke exchange scammed! So, Every new exchange shouldn't be welcomed by us. We should look carefully before going with new exchanges as we have plenty of legitimate exchanges.
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