Topic: THE IMPORTANCE OF THE MANY EXCHANGES - page 2. (Read 263 times)
We sure really do need a lot of them as much as possible and that would really create a huge competition among the exchanges that we will end up having. Having just very few means anything goes, but with competition, as a trader, you can choose to decide on which platform that suits you best after looking at all the various features and the benefits you derive from the exchange. For instance, with Binance and the fees, we can see how much that really got the interest of the traders.
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
I don't see a lot of sense in that. That many coins competing on the market doesn't warrant yet more exchanges as this multitude of coins doesn't add any real value to crypto. The total majority of them are going to disappear soon, and they would be only pain in the ass of an exchange that lists them. What we actually need are truly decentralized and distributed exchanges but these are not possible unless most coins implement updates to their protocols allowing atomic swaps between cryptocurrencies in a consistent way, real time. We are ages from that yet
Anyway, you already have Yobit, and that's more than enough if you ask me
Having more exchanges is good but it would have been better if they had a form of regulation so that any of them can't just do what they want all in the name of making profit. Like manipulation that goes on.
Also, having it will create some level for icos who can't afford the price for exchanges to have other options.
Also, having it will create some level for icos who can't afford the price for exchanges to have other options.
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
If number of the crypto currency is growing day by day then surely we need more exchangers to take the bullet as well. If single exchanger starts listing all the coins that are getting formed these days then it could lead to adverse effect too. For example, if the exchanger with all the coins got hacked then it will have major impact on the coins that are held within the exchanger. Just imagine it would cost so much to the exchanger itself as well as it will destroy holdings of many people/traders. So its great that we are seeing lot of new exchangers and thus they will also increase the security by diversifying new techs within them.
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
The crypto world is increase the altcoin and increase the exchanges but we are all growing so technology is improved and scam projects also increased so peoples are not ready to participate in new exchanges. I think already many good exchanges are available but few promising exchanges is listing the more cryptocurrency. So we need good altcoin in this situation because enough exchanges are available in the market
It sounds reasonable to have more exchanges than we currently do have, it breaks the power of monopoly of some of the big exchanges and therefore less changes of their being used as a tool for market manipulation. Also, if there are more exchanges, it gives the smaller projects a fair chance to compete in the market as they will have the opportunity to be listed and further developed.
It's good that the amount of cryptocurrency exchange platfroms is rising,but most of the crypto exchanges (the small ones)use the same programming script/template.That means that they are exactly the same and they offer little to no added value,in terms of customer services or transaction fees.
I don't know why would somebody choose a small crypto exchange instead of Poloniex or Bittrex?
I don't know why would somebody choose a small crypto exchange instead of Poloniex or Bittrex?
I saw that many new exchanges had emerged for the market for tokens and coins that had just appeared or needed to develop. we only need to choose the exchange criteria that match the coins or tokens starting from those that have expensive listing prices but are already very popular or free exchange but have a high withdrawal fee
I do believe the existence of the numerous exchanges is having a positive impact in the right direction as there is a healthy relationship in the crypto space. I believe in healthy competition so that the exchanges can give off their best to their customers. This is really great for crypto. I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
Yes off course more exchanges means more investors to the crypto currency and thus more volume following that one. I guess its definitely true that when exchanger is added into the market and if existing coins are listed over it then people tend to buy it more and thus over the time the crypto market rises hugely for this specific coin. So this is nothing but good to see more exchangers coming live. They just push the economy of the crypto currencies ahead and this is what we need for now. Until the time crypto reaches to a point where economy is hard to drop then we can say that we dont need anymore exchangers but for now its mandatory.
I saw that many new exchanges had emerged for the market for tokens and coins that had just appeared or needed to develop. we only need to choose the exchange criteria that match the coins or tokens starting from those that have expensive listing prices but are already very popular or free exchange but have a high withdrawal fee
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
But also there are many scam sites as well so you need to be careful while depositing your cryptos on new exchanges first of all you need to read the feedbacks about those exchanges if there is nothing found then better go for the better exchange.
Definitely, more exchanges mean crypto growth is at a good rate, and with many exchanges we can choose the exchanges that fit with our liking, and it also increase the arbitrage chances, so its a positive development to see many exchanges keep on popping out, but the users also need to be aware some of the exchanges are scam and got weak security
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
I agree with that, many exchanges will create many project can replace their coin for listing. Exchanges help us to increase asset with trading and investment method but how they give us solution and easy rules is also important. Built exchanges is not easy, they must have powerful system that can give protection about users data and transactions. Experience support to help customers with their problem. Bonus or referral program to make another users keep stay and help increase exchanges performance. Many exchanges is good for us, good luck all.
Yes alot of new exchange come in to crypto market now, i can compared in 3 years ago its only about 20 to 30 exchange that operated. But since 2017 untill now the number of the crypto exchange is growth. I think they have seen successfully of Binance that earned alot of money. Just in 1 years Binance has amillion user, and offer some good product to the customer. The important for all exchange is they should manage the exchange just like Binance did, and expand to others country to introduce the product and while to promote advantages of crypto and blockchain technology.
I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology. At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.
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