Sorry We are Closed - page 4. | Bitcointalksearch.org

ropyu1978

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Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

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

in fact we don't need other exchanges, but that can't be prevented especially those who have other ideas that can arouse crypto trading.

I just heard this news, because in a few weeks I fakum for trading and news about this industry.
I think I have to trace the justification of this news

PlusOne88

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More Exchanges would be better on the customers' standpoint but on the Exchange itself it is a bit of a competition. Establishing more competitors could lead to possible loses. I think it is better if both meet halfway. Not too many exchanges to allow good sales but enough exchanges for the customers to do transactions faster as there will be not so many customers to cater and they will have choices for the best service that exchanges can offer to them.

KennyR

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With the increasing use of cryptocurrency the need for Cryptocurrency exchanges too is high. Already we've got more exchanges in the crypto market, but very few were successful. If one exchange gets closed automatically the space will be fulfilled by some other new exchanges. As of now there is no exchange to compete with Binance.

maxreish

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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.

steveabrahams

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Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

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

It's sad to see many exchange start closing but you know, there also some new exchanges so i hope they can compete. According the news, it's because of “It is a natural result of a decrease in trading volume. Both regulatory issues and business decisions have served as a background for this decision.” I guess south korea is not the best place to open an exchange.

Terrmit

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Quote from: Mila52 on April 23, 2019, 03:05:36 PM

Competition in the exchange market is good for traders. Therefore, I'm only pleased the opportunity to choose service, speed, safety and commission fees. are improving. . Who doesn't like the new exchanges - there are many old conjunctural exchange

Well, yes, new exchanges are in their hands. Firstly, there are preferential withdrawal systems. All sorts of bonuses and contests to attract traders. Yes, and the exchange every year are getting better.

Mila52

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Competition in the exchange market is good for traders. Therefore, I'm only pleased the opportunity to choose service, speed, safety and commission fees. are improving. . Who doesn't like the new exchanges - there are many old conjunctural exchange

Argoo

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Quote from: NeuroticFish on April 22, 2019, 02:00:44 AM

I don't know how good they were, but I know the name. Quite shame..
I think that a good number of exchanges in more than necessary. Small number of exchanges means bigger centralization, means a bigger risk for manipulation...

Right. A small number of exchanges means their greater centralization. Therefore, the more exchange we have, the more difficult it will be for states to track us. Therefore, I believe that we need the more exchangers. Some of them will be closed all the time for various objective and subjective reasons. The more there will be in the world of exchangers, the more competition will be among them and the better conditions we will have as their customers.

danielchris

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No doubt there are many different types of exchanges in the market. But we should be aware & used the popular exchange & also studied the back history to know about the performance of exchanges. I think so. A

Serve20

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As for me, I don't think we need more exchanges again because there are a lot of them already and many are still struggle to survive. The market is saturated already and before any new exchange can be reckon with, they will have to bring something spectacular to the table with better marketing and incentives.

sujonali1819

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Quote from: arjuna BTC on April 22, 2019, 12:34:04 AM

~snip
my questions is, does we still need more exchange in this industry ?

It is right that we have already much exchange for trading. Although we have more and we need also more trusted and High volume exchange like Binance ,bittrex . I am saying we need more exchange because the more exchange we get the more product we can see by that exchange. And the more product will launch the more problem will be solved in the crypto world.

Anyway, we should also be aware of the new exchanges. Always try to investigate before using any new exchange because the crypto world is now full of scams. Mainly we should aware of all new things in crypto.

Ochakemaput

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Quote from: Baimovic on April 23, 2019, 11:51:41 AM

Because the current exchange isn't perfect and still has some weaknesses so we need some new ones that are better now.
But that does not mean if the current exchange is bad, only if there are many good exchanges, we will be more flexible in making transactions.

they will continue to update and close their shortcomings. where renewal must be carried out by every exchange, if not then they will be replaced by other exchanges. which might be safer, cheaper, and faster.

Danslip

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Definitely, there is no need for more centralized exchanges. DEXs are more required than centralized or half-centralized exchanges. Closing the unknown exchanges has no effect to the crypto markets in my humble opinion.

Skyshark

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Quote from: okala on April 22, 2019, 04:10:51 PM

That is a timely notice to all they user but the exchange did not state the reasons for the closer of the exchange.

I believe that the closure has something to do with certain series of events that the exchange experienced sometime ago. Last April, exchange's co-founder, Kim Il-hwan was convicted and sentenced to jail on embezzlement charges. Executives from the company faced bribery charges last September over the “unfair” listing of the S Coin digital currency. And not to forget that just this January the exchange lost around $5.3 million in a mistaken airdrop. In addition to this unpleasant events was of course the softening of crypto market.
This kind of circumstances were not that easy to handle and eventually have taken its toll to Coinnest exchange.

Baimovic

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Quote from: StephenJH on April 23, 2019, 10:59:18 AM

Quote from: Pffrt on April 23, 2019, 10:10:36 AM

I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

Centralized exchanges are common in the crypto industry and we need more Decentralized exchanges than regular exchanges. Closing the exchange is better than swimming on the deep ocean in my opinion.

Because the current exchange isn't perfect and still has some weaknesses so we need some new ones that are better now.
But that does not mean if the current exchange is bad, only if there are many good exchanges, we will be more flexible in making transactions.

rarkenin

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Many exchanges are good sign for the development and closng the small exhcanges is understandable by me. Legit exchanges are continuing the trade and small ones are victims of a blood bath on the markets which is the biggest reason for low volumes on trades.

tsaroz

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Though more exchange is not a bad thing for long run. But in it's early stage, it would be difficult for users to choose the legit exchanges as many of the new exchanges are turning into scam. And it would be even more difficult for legit exchanges to get good volume as users would stick to popular exchanges and don't try anything new if they have no time to check on new exchanges.

Kez1817

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Closing of some exchange will be good in crypto market. Actually cryptomarket already flooded with a lot of different exchanges but doesn't help to increase the value of some tokens. We need more good decentralize exchange that will boast the value and significance of crypto currency.

StephenJH

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Quote from: Pffrt on April 23, 2019, 10:10:36 AM

I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

Centralized exchanges are common in the crypto industry and we need more Decentralized exchanges than regular exchanges. Closing the exchange is better than swimming on the deep ocean in my opinion.

Pffrt

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I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

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