Topic: Sorry We are Closed - page 7. (Read 908 times)
It's clear that such a number of exchanges is not needed. Many of them are created for deception, a bounty is created and a token is issued, which is traded there only. As a result, people invest their money, and then the exchanges close
I really don't understand that why there is too many exchanges out there? It is bad for the investors and bounty hunters.. In last 3 years i had to sign up with more than 30 Exchange for my different coins and that was really big wasting of my time. Also every Exchange has different rules (some of them are really stupid) and fees. And as far as i can see every new day new Exchange opening.. It is not good and it should stop..
It's because of the low trading volume. It has a negative effect of course because what we really need is a stable exchange and it's hard to start over again. There are lots of exchanges blooming yet we still seek for security and assurance. There should be a well-established exchange that wouldn't shut down because that's what every trader is looking for.
Everyone want to make money. So there are a lot of coins and exchanges. But do not worry only the exchanges that can address the aspiration of growing traders can survive and do the good in the future.
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 think it’s still not a good news because at about 4 new exchange are launching each month
Which isn’t good for the crypto space
We need a situation where traders can get only safe true and secured exchange always
First time I hear about this exchange in Korea. There is no reason to blame the exchange management for this shutdown and I blame the market conditions that forced them to accept this decision.
The management surely decides according to their assessment of this Market condition, there's no point in continuing if they can't get any community supports, new competitions are everywhere and traders already find comfort zone with other trading platforms, let the future decide with the fate of every exchange sites.
I also not hear about it. I think we have enough exchange and there are some which are good, i hope exchange will close and people will can withdraw money from them which is ok and not an exit scam.
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
That won't be the last exchange to shut down, believe me. Many more will follow. But the irony of it is that while some are shutting down, new ones will he established. Novaexchange also closed down. Remember, at a point Poloniex was a leading exchange, together with Bittrex. In fact, Poloniex was my first exchange. Sadly, I haven't traded on that exchange for almost a year now. Again, I think the current number of exchanges now aren't too many. We still need more to be opened so that competition to the benefit of customers will increase. 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
Having more exchanges is very advantageous. The only downside on the investors' side is in between the so many exchanges, there is a high chance of bumping onto scam exchanges too.
I did make a list of advantages in some post back then
I did make a list of advantages in some post back then
BENEFITS
Investors
- Lower trading fees
- Wider choice of exchanges to choose from
- Tokens invested in are listed much quicker
- Improved customer support due to competition for traders
- More trade competitons
ICO holders
- Lower listing fees
- Quicker listing and launching of project tokens
The disadvantage is on the exchange side where they will be in so much competition meaning lesser traders and probably some of them will fail in the due process
Investors
- Lower trading fees
- Wider choice of exchanges to choose from
- Tokens invested in are listed much quicker
- Improved customer support due to competition for traders
- More trade competitons
ICO holders
- Lower listing fees
- Quicker listing and launching of project tokens
The disadvantage is on the exchange side where they will be in so much competition meaning lesser traders and probably some of them will fail in the due process
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
Competition is good in any industry to prevent monopoly. But if we look at the present situation in crypto industry i think its not good at this moment to create more exchange platform since the trading volume was not that huge at these particular period. 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 think we dont need more exchange at this time, because i've seen many shit exchanges with low volumes or shit exchange with fake volumes and trading bots.
everyone just want to list their coin in big exchange.
everyone just want to list their coin in big exchange.
We already have too many exchanges anyways and a lot of them got caught faking volume. AT least they didn't go and steal customers funds this time.
So what's the matter for you if there's tons of market? Those market was help trade to easily on trading. and make more people be interested in world crypto, does it good? 
We already have too many exchanges anyways and a lot of them got caught faking volume. AT least they didn't go and steal customers funds this time.
south korean maybe have many competitor exchange there
more exchange look good for circulation coin/money crypto. so we have many varian price here. we can do arbitrase
more exchange look good for circulation coin/money crypto. so we have many varian price here. we can do arbitrase
Monopoly is a bad thing. I believe competition is better so that exchanges can give their best for the customer. We need more exchanges that gives new ideas and better service than 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
Unfortunately, a large number does not give us high quality. There are a lot of exchanges, but at the same time few of them can boast good results. Competition is needed, but not really a lot of good exchanges. I think that with the introduction of regulation, the situation will change for the better.
The more exchanges I think the better. So that new coins can have a great opportunity to enter on every exchange. With the Stock Exchange closed, of course, open opportunities for other exchanges to increase trading volume.
maybe more exchange will be better,, but look at the case above
why the exchange closed is because of low trading volume my friend
and if a lot of exchange born, wich mean a lot of volume on trading activity will be splited my friend
and some exchange will get more volume, but the other ones will get less volume
I think, we need more exchanges as the current exchanges are too well implanted and it is too expensive to list coins on some exchanges. Some more competitors is not bad to make them evoluate.
A Korean exchange closes to create a new exchange that has better and more developed services. This will not make another exchange to follow in his footsteps if he has the right service to the customer. Every exchange has a service and the customer will feel satisfied, the exchange will give a more positive impression.
In my opinion this is just an ambitious move to start afresh.. Raise huge sum from another initial coin offering and lastly exit scam. Unfortunately for the perpetrators the crypto space is wiser now. .. 
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
more and more new tokens are released, making the exchange needs increase. the old exchange average doesn't want to list new coins. but if too much exchange is not good, the trading volume will be divided as well, making coins difficult to develop. I think adding a new 1 or 2 exchange is still pretty good at the moment. 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
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