Topic: New Exchanges Are Coming? But It is OK? - page 5. (Read 2629 times)
Yea many good exchanges are coming and some have been launched already ,I kinda like digitex and DX.exchange but all the same some are fakes too ,one have to becareful when using exchanges this days ,you send coins successfully but to withdraw ?
It’s not a big deal if the overall volume will be separated among several exchanges. It’s even less desirable to give the full control over the volume to a single marketplace. People will choose the reliable and time-proven exchanges like CEX and trade there, buy btc (https://cex.io/btc-usd) and scam projects will disappear. New exchanges may be successful but they will need to offer better features to attract traders. The only real threat for existing marketplaces is decentralized exchanges as they should be really secure and convenient. But now they are still underdeveloped. I hope to see the real competition between CEXs and DEXs in the future.
Volume is getting low day by day already. Most of exchange tries to list new coins/tokens. I think, we have to find a solution this exchanges issue. Everyday opens new ones.
Same goes for crypto's. The more coins are there, the more split with each market caps.
But this is good for traders, you can choose the exchange where you are most confident with. This also divides the volume of each trade, stay only to those with high volume.
But this is good for traders, you can choose the exchange where you are most confident with. This also divides the volume of each trade, stay only to those with high volume.
It’s not a big deal if the overall volume will be separated among several exchanges. It’s even less desirable to give the full control over the volume to a single marketplace. People will choose the reliable and time-proven exchanges like CEX and trade there, buy btc (https://cex.io/btc-usd) and scam projects will disappear. New exchanges may be successful but they will need to offer better features to attract traders. The only real threat for existing marketplaces is decentralized exchanges as they should be really secure and convenient. But now they are still underdeveloped. I hope to see the real competition between CEXs and DEXs in the future.
Many exchanges much better, but all investors be careful and be more observative in every new created exchange because some of them are created to scam many traders and investors. Also crypto exchange may help to advertised to catch some attention of many people to engage in crypto.
It can be only good for crypto as many exchanes means more users and more decentralisation then exchanges like Binance wouldnt have so much valume and woulnt manipulate with price.
Many and many more will come but this has to do anything with you or the price. It's just a matter of fact that many new entrepreneurs are keening to gain profit from that - and that's good because it means it's something value. And no one can no lo longer argue this is just scam or fake or whatever they used to say. This is real and like real economy we'll see adoption even more with exchanges and what so ever.
Never stop believing. Take care
Never stop believing. Take care
Some new exchanges will add something new to the cryptographic market. So we improve the value in the industry. To me it may be because there are so many exchanges of fraud and it is difficult to switch to another exchange, especially when you do not know whether or not fraud is because the exchange is only reliable in bitcoin
Yes more and more exchanges divide most volumes on most popular exchanges. But I think it's good if we have much and competent exchanges and not one or two.
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?
Many exchange is good because it prevent's pump and dump.
People who pumps and dumps coin needs to have a group of people in different exchange to pump/dump together.
So, many exchanges will prevent that
If after making an order of selling or buying any cryptocurrency can completed in the end by any exchanger the grown of exchanger number will be a benefit for trader
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?
yes, it is okay, no problem with that. some will keep survive, but other will soon disappear. the price depends on its function.
A large number of new exchanges that appear every month indicate that the crypto-currency ecosystem is expanding and growing. This greatly increases the stability of the crypto currency and the credibility of people.
A healthy competition among new exchanges should positively affect the quality of customer service. The only big disadvantage of new exchanges is small volumes of trade and low liquidity of tokens.
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 exchange usually does not have a large daily volume
because they do not have many users yet
so it will not have too much effect on the price of crypto
but be careful because the new exchange can do a scam when their wallet is fully loaded by their users' money
I Think it is good for the crypto world. There will be competition among them and the listing price will crash. More exchange are still in their ico stages meaning we will soon have more exchanges. There will be choice of where you can trade your coins based on service charge, scalability and security. I support that we even have more of those exchanges.
It is fine with me because, new coins keep sprouting and there need for more exchanges is equally important. I think it will generate competition among exchanges and this might lead to a more flexible rules on these exchanges.
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?
You should be careful because new exchanges can make a scam when their wallet is full of their users' money. Based on my experience usually new exchanges usually do not have a large daily volume, because they do not have many users. So that it will not affect the crypto price too much. 
The adoption is increasing like crazy, more exchanges means more liquidity and exposure. Of course that funds will split between more trading hubs, but there is plenty of BTC and number of traders is increasing... or decreasing?! 
) However, I noticed that new exchanges have a hard time attracting volume. I think that people will stay on the 'veteran' platforms as long as they don't get hacked or something. 
) However, I noticed that new exchanges have a hard time attracting volume. I think that people will stay on the 'veteran' platforms as long as they don't get hacked or something. 
Having many exchange, especially decentralized, is never a bad thing. Of course, there's a chance that some of them will be scamming people but the bottom line is, they have more options. They can choose from a variety of exchange that provides different services, not only those who only want the traders money like binance.
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