There is no problem of having too many exchanges, if they are good, but most of them are not reliable. So, one has to be careful in choosing exchanges. Do your own research before deciding to create an account with an exchange.
If the exchange is good, the exchange will be supported by the community and we do not need to evaluate those exchanges because there are already people who pre-evaluate us. I think having too many exchanges is an advantage because when a new exchange appears, it will definitely have something special to attract investors and there will be a great competition for the position in the coinmarketcap but it should also be careful when deposit and need to verify identity quickly to avoid unnecessary risks. Anyway, considerations are yours and should choose safe new exchanges in this market 
Topic: Too many exchanges? - page 10. (Read 21383 times)
Now there are really a lot of exchanges, but only a few are credible. besides, everyone is getting new exchanges that will be very difficult to compete with already existing ones.
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
More exchange in the crypto currency community has both positive and negative impact. Positive impact could be that it will create strong competition among the exchange which could bring about effective service delivery and low fee. The negative impact could be inform scam exchange with the mission of duping investors money.
Only benefit that i am saying when there are tons of exchanges are competetion,each exchange need to be better than one by improving their services so that costumers will use their service instead of the other one,its good because only top tier exchange will remain in business
Now it is necessary for any trader to use a lot of exchanges, as each of them has its own advantages and disadvantages, somewhere requires strict verification of identity, some do not have enough liquidity, but everything goes to the creation of almost perfect platforms
Finding good place to trade your assets can be done in a different places, options is now making traders to have advantage unlike before where exchange is limited, now every place can be an option as they offer different ways to cater what traders wants and needs to accommodate and keep them around the exchange. 
At some point exchanges looked as a very profitable business and that is why they started to appear everywhere. So I might agree that there are many of them but there are certainly not too much legitimate and trustworthy exchanges with good customer care. It's not only about the quantity but quality and that should be the focus of users.
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Too many good exchange definitely will make the trading experience to next level,but all the exchanges were aftually good?From my experience most of the exchanges were useless and people only for for particular exchange so many exchange actually doesn't affect anything in this market.
many exchanges are a good thing when it shows that the crypto field is growing,
Number of online Exchanges are not the basis to know if the crypto field is growing or not but the price are or the market cap . if these are growing , that is a sign that the adoption is also growing or improving .
in addition, the emergence of these new exchanges will become a source of motivation for the old exchanges to grow,
I think its the opposite . old exchanges dont need motivation anymore because old exchanges are already succesful while new exchanges are the ones that need motivation from older exchanges because new exchange dont have an experience yet .
There is no problem of having too many exchanges, if they are good, but most of them are not reliable. So, one has to be careful in choosing exchanges. Do your own research before deciding to create an account with an exchange.
Indeed, many exchanges are a good thing when it shows that the crypto field is growing, in addition, the emergence of these new exchanges will become a source of motivation for the old exchanges to grow, if the old exchanges are not constantly developing, the replacement is going to happen. But as you say, very few new exchanges have enough power and trust, almost all of these exchanges are too careless, from the service department to customer support, does not bring satisfaction to users 
Now it is necessary for any trader to use a lot of exchanges, as each of them has its own advantages and disadvantages, somewhere requires strict verification of identity, some do not have enough liquidity, but everything goes to the creation of almost perfect platforms
It seems to me that each user has his own exchange, if a person is satisfied with everything, he will not look for a new exchange, and use it, but if the exchange shows a good result, then new users will come to him,
If they all have the coins he want to trade, and the exchange is reputable, and also liquid as an exchange. But I don't see a trader that will only be loyal to one exchange, trading in different exchange will also reduce the risk, since exchanges are vulnerable to hacking.
Smart traders don't hold coins on exchanges, and there are a few that deal with 1 or 2 exchange only. It's easy to add a coin to a listing and get the money, but if the exchange is not able to perform a wallet maintenance or whatever in a timely manner then they should reduce to accept new coins.
Yes, there are few people holding the coins in the exchanges due to recent hacks and thefts from the hackers. Most of the traders will get out from day to day operations because they find it hard to hold their coins in the third party. At the end of the day, they will transfer the coins to concerned wallets in order to be in safe hands.
There is no problem of having too many exchanges, if they are good, but most of them are not reliable. So, one has to be careful in choosing exchanges. Do your own research before deciding to create an account with an exchange.
First of all, I only stick to two three top exchanges and I won't keep big funds on any exchanges. The more exchanges popping up every now and then means there are more probability for exit scams. Exchanges are nothing without volume. Too many exchanges only diminishes the credibility of crypto. We have seen many issues in the past. I think exchanges would survive only with active investors.
In business, more and more crypto exchange companies provide competition that will benefit traders, because there will be differences in exchange rates where smart traders can make sales to exchanges that buy at a higher price.However, the possibility that there is a rogue exchange company that does not meet the requirements can defame crypto exchanges that work with totality to increase crypto.
It seems to me that each user has his own exchange, if a person is satisfied with everything, he will not look for a new exchange, and use it, but if the exchange shows a good result, then new users will come to him,
If they all have the coins he want to trade, and the exchange is reputable, and also liquid as an exchange. But I don't see a trader that will only be loyal to one exchange, trading in different exchange will also reduce the risk, since exchanges are vulnerable to hacking.
some exchanges have good volumes, and one time conduct trade arbitration. this is good for getting bigger profits, and that opportunity exists in many exchanges.
It seems to me that each user has his own exchange, if a person is satisfied with everything, he will not look for a new exchange, and use it, but if the exchange shows a good result, then new users will come to him,
If they all have the coins he want to trade, and the exchange is reputable, and also liquid as an exchange. But I don't see a trader that will only be loyal to one exchange, trading in different exchange will also reduce the risk, since exchanges are vulnerable to hacking.
Smart traders don't hold coins on exchanges, and there are a few that deal with 1 or 2 exchange only. It's easy to add a coin to a listing and get the money, but if the exchange is not able to perform a wallet maintenance or whatever in a timely manner then they should reduce to accept new coins.
It seems to me that each user has his own exchange, if a person is satisfied with everything, he will not look for a new exchange, and use it, but if the exchange shows a good result, then new users will come to him,
If they all have the coins he want to trade, and the exchange is reputable, and also liquid as an exchange. But I don't see a trader that will only be loyal to one exchange, trading in different exchange will also reduce the risk, since exchanges are vulnerable to hacking.
It seems to me that each user has his own exchange, if a person is satisfied with everything, he will not look for a new exchange, and use it, but if the exchange shows a good result, then new users will come to him,
We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
the more exchanges are a sign that more and more traders are using bitcoin in trading. this is a very good sign that we can see a positive progress in the world of commerce, crypto is increasingly in demand and increasingly known throughout the world. 
if in my own opinion I don't think there will be any impact on us, because usually the new exchange takes a long time to get members who want to do the tranding in their exchange
And they are slowly dying because of the fake trading volume. Well, so many exchanges to choose but you should focus more on the top exchanges since it can give enough security and the trading volume is real. Some exchanges are being manipulated, you have to stay away from that exchanges.
Good thing about new exchanges being launched and growing number of exchange sites is that those who are already operating will be forced to improve their services and offer lower fees as possible and maybe come up with better promotions so that their existing clients will not transfer to the new ones or another exchange.
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