Topic: Sorry We are Closed - page 5. (Read 944 times)
Unfortunately it is not the first and not the last big exchange that is losing trading volumes and users in general. Everybody is switching to trade on Binance and they are getting more and more powerful each day.
I will tell the situations on my country when only one or two big exchange dominate the market even we don't have other options to convert our crypto assets directly to our currency because other exchange which mostly small exchange cannot to competed with them and the fees for every trade or every withdraw always be my concern during use them because for me it was pretty high and after seeing this factor i personally think we're really need more exchange
in fact we don't need them more if they are not qualified, I'm sure even though many new exchangers have sprung up but those who have good quality will continue to survive and attract many traders.
I think the number of exchanges we have are very many for the current market capitalization. And many more are yet springing up, although competition brings out the best in business satisfaction. We currently need more than just an exchange but something like a combination of a crypto exchange and a normal bank. A project like Bankera has such a model, I can't even tell how bankera is fairing as I have lost much more in the project with buying their ICO and investing more after listing.
I think more exchanges are better. We know that cryptocurrency and blockchain tech is still in emerging state. Existing and new exchanges should be welcomed as a competition to develop the better exchange to serve the community globally. There must a reason why an exchange is closed as well as some exchanges that may have fake volume in it. But that's the reason users should be aware, doing research and choose which exchange to trade.
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
so your problems is that even as some exchanges shut down, many more exchanges come in place? So my question to you is, does it mean we don't need replacement of the dead exchanges? Or we should just depend on one or few exchanges that will manipulate the whole system? 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
Of course, people have already understood everything for a long time that there is no point in creating new exchanges. people just need to improve existing exchanges
but in fact business competition cannot stop because many people have their own ideas.sometimes there are many people who are not satisfied with what is there and try to make their own products and in my opinion it is not too bad as long as they have to pass the clarification in making the product beforehand.
We do not need more exchanges, but we need better exchanges. Not all new exchanges are good but maybe one of them will become the second Binance
In my opinion, the crypto space needs more innovative ideas in the areas of exchanges now more than ever. So, there is still space for more exchanges. Exchanges will close down and more will open. That is how things work
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
I have read the article, seems like they were doing a mistake in the past.
They were mistaken sending bitcoin and other cryptocurrencies to their customer due the computer error, and lost it.
I guess they cannot cover the loss with only small trading volume in their exchange.
Seriously, I don't think we do instead we need more efficient exchanges. Let the existing ones improve on their services, this is the only way to attract more users while contributing to the growth of the crypto space. Most new exchanges if not all, have nothing new to offer.
Yeah we need trusted exchanges like Binance Am sure if these kind of exchanges keep coming up we will deal with less for sure Also I think DEX seems really big enough The truth is We need Exchanges that looks into the needs of its users and innovate accordingly
so we choose according to our own integrity so sometimes our choices with others are different.of course we choose one that is easy to use and safe to use so that the choice fits the tastes of each person and hopefully you don't choose the wrong one.
I think, it doesn't matter. Korea still has a growing exchange like Upbit. Upbit today is making expansion to several countries like Indonesia. Besides that. out there there are still a lot of better exchanges that we can use such as Binance, HitBTC, KuCoin Bittrex, ethfinex and others.
Yeah we need trusted exchanges like Binance Am sure if these kind of exchanges keep coming up we will deal with less for sure Also I think DEX seems really big enough The truth is We need Exchanges that looks into the needs of its users and innovate accordingly
-snip-
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
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
We already have too many exchanges, too much until the trading volume is falsified, we only need to set up exchanges that are truly safe and comfortable. No need to multiply with same facilities.
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There are already too many exchanges. Do we need to add more exchanges just because there are many new coins that are being created?? There are many exchanges there that doesn't have volume that they need to falsify the trading volume. Some maybe want many exchanges but how many exchanges are you using in trading?? 1 or 2? Maybe 3. We don't need many exchanges. What we need is a secure, trustworthy and user friendly exchange.
New ideas are always welcomed in crypto currency so if any new exchange bring new idea of trading, in my point of view i think we need to welcome them.
With the decline in volume occurring in the market, of course it will have a big impact, especially if we see what happens to internal companies that already have problems that will be difficult to survive.
This is a business where competition will definitely be huge, especially for exchanges, of course there will always be new innovations and of course there will be a lot of replacements, of course that is something we don't need to worry about when closing exchanges because there are many better exchanges and large volume.
This is a business where competition will definitely be huge, especially for exchanges, of course there will always be new innovations and of course there will be a lot of replacements, of course that is something we don't need to worry about when closing exchanges because there are many better exchanges and large volume.
In my own opinion, what we really need is an efficient exchange which will be secured, easy to use and easily accessible. If we have more of these exchanges the rate at which exchanges are coming up will be reduced as investors will already know which exchange is safe etc. So to your question, we don't really need more let the existing ones get enhanced.
For me too many exchanges are make investors confused its better have enough limits of exchanges. All they need are to make their exchanges easy to used and more security, so that many investors will get satisfied rather than keep adding more exchanges thats worth nothing, bothering instead.
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