Topic: Sorry We are Closed - page 3. (Read 939 times)
We already have so many exchanges in the industry and I don't think we need more, though if this exchanges can solve a problem in an existing exchange then it's a good thing coming up with a better exchange, it just works like the banking system, we have a lot of bank in existence offering the same services, but some banks have features other banks don't have which make investors interested in other banks other than their existing one.
Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
For me it is more better if We have a lot of choices that we are going to trade our coins here. But like what others said here it is more advantage to make trade in the exchange that has a good reputation and always belong on top 10 exchange platform just like Binance, Okex, Houbi, and Idax as well.
If there is exchanges that are closing like Coinnest, then there are a lot of room for crypto space to give a chance with the new exchanges. There is nothing wrong if they will create another exchanges. The thing is, they have to enhance their platform and their system for them to be able to compete with the other established and trusted exchanges.
There's nothing wrong to give chance with the other new popping exchanges. As long as they will provided security and not to scam users, it is fine.
One reason why I see problem with more exchange now is because, the more exchanges, the lower the volume of some exchanges will be. The adoption rate is still quite very low and most of the people in crypto now already know the top exchanges that we have and it will take a lot of strong competition for new exchanges to win their heart.There's nothing wrong to give chance with the other new popping exchanges. As long as they will provided security and not to scam users, it is fine.
That is why we see some exchange’s having low volume and failing because investors and traders are not paying much attention to them because of the existing ones, but by the time we have more people adopting crypto, there will be need for more exchanges to cater for the needs of traders and investors.
I don't agree with the idea of having more exchanges will make crypto stronger than fewer exchanges. Closing the exchange can help the administration to understand the situation with the 0 loss in my opinion.
I think we have more than enough exchangers available right now and opening more will not help us with anything. We have hundreds of exchanges available and you can find every single altcoin available on them so I don't see the point of opening a new exchange that does exactly the same thing as other existing already do. Many of them pretend to come along with new features but I think this is just a reason to hide their real intentions of making more money.
We have too many exchanges right now, and we still see new exchanges opening up each week, I think it is great to see new exchanges, but I'm not opening account on all of them. The traders need to decide where they want to trade, let the good exchanges survive and the bad exchanges close again. Binance is the most popular exchange right now, but in 2-3 years that cut be a new exchange, that maybe haven't been invented today.
Exchange closing down is not a big deal, currently there are new exchange doing very well, I will say in this crypto space, only good exchange are needed, let all hunters and traders research well before saving token on exchange site.
Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
Yes, new exchange is essential as it shall open more opportunities, more liquidity and brings more users into crypto. It also creates competitions which should be a great reason for exchange development and security. But users should be careful to use any new exchanges, never deposit huge funds in new exchanges.
Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
Yes, new exchange is essential as it shall open more opportunities, more liquidity and brings more users into crypto. It also creates competitions which should be a great reason for exchange development and security. But users should be careful to use any new exchanges, never deposit huge funds in new exchanges.
We simple need guidelines how to move further ahead with dual interest first how to grow individually And collectively in crypto industry And Second how to safeguard the interest of investor.many exchanges mean more confusión to investor as they dont know which one is safe And provide more liquidity. Yeah de need regulation to keep check on everything
Of course, regulation is necessary for the cryptocurrency market, but it is also necessary to increase financial literacy in the field of cryptocurrency. When the community becomes more literate, the fraudsters will become much smaller or they will have to become more inventive, which will complicate their lives.
The more the exchange industry I think is better. So that many investors have the choice to invest. And there will be many coins that have good potential to be included in the Exchange. We hope that there will be no more failures.
agree, because with more exchange industries, we will be free to choose the exchange that we think is best because each exchange has a difference and everyone also has different tastes.so I do not agree if it prohibits the creation of new exchanges.
I think we may have 1 large and reliable exchange, we are on the Internet, why does every country need an exchange? But so far I do not see a leader. Everybody has problems, one does not have a user-friendly interface, others have limitations for some countries, and we see a new exchange, in the hope of creating something better.
In due time all of those things that we needed inside any exchange will be cater, considering how fast hings can happened, with lots of those new servicebeing introduced, together with reputable exchange that willing to adjust for much better competitions inside this market, we will all be witness with the future growth of this industry.
The more the exchange industry I think is better. So that many investors have the choice to invest. And there will be many coins that have good potential to be included in the Exchange. We hope that there will be no more failures.
Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
I can answer the question like this, we need quality projects, not their number.you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure
but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you
There are a lot of projects whose products are cryptocurrency exchanges. And from the multitude of these projects, only a few exchanges inspire confidence. I can not understand how new projects will be able to compete with the exchange that has been operating for many years. It will take a lot more promotion work, a lot of security work, and this requires a lot of effort and many years of development.
We simple need guidelines how to move further ahead with dual interest first how to grow individually And collectively in crypto industry And Second how to safeguard the interest of investor.many exchanges mean more confusión to investor as they dont know which one is safe And provide more liquidity. Yeah de need regulation to keep check on everything
I think we may have 1 large and reliable exchange, we are on the Internet, why does every country need an exchange? But so far I do not see a leader. Everybody has problems, one does not have a user-friendly interface, others have limitations for some countries, and we see a new exchange, in the hope of creating something better.
as a consumer im expect more exchanges to be born. why do I expect that. My reason is because with the many exchanges available, each exchange competes looking for consumers, consumers are very spoiled with the features and benefits provided by the exchange. if conditions are like this. we as consumers really benefit. there is no market monopoly and consumers are free to choose markets according to the personal use standard.
i think you have a good reason for your expection mate and maybe i agree with you about that
but, for now there are a lot of exchange in this industry, its about 256 exchange for now
https://coinmarketcap.com/rankings/exchanges/3
and a lot of exchange are dying mate,,
as a consumer im expect more exchanges to be born. why do I expect that. My reason is because with the many exchanges available, each exchange competes looking for consumers, consumers are very spoiled with the features and benefits provided by the exchange. if conditions are like this. we as consumers really benefit. there is no market monopoly and consumers are free to choose markets according to the personal use standard.
i think we need to get better for us, we want exchanger si safe, high volume, and have many coins inside there, others exchange make us choose it, we can compare one exchange with other to get the from fee, scure, and coin list and others
Looking into the future when the adoption will be massive and larger percentage of the world using cryptocurrency, I think we will need more exchange to cater for the global market. However, considering the slow in development and adoption, I think the market doesn't need more exchange for now. The ecosystem is become over-saturated. Unless there is new innovation like we have never seen before.
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