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?
Simply, more competition thus more innovation. We can see that in order to be better with your competitor, you'll need to add fatures that is unique and beneficial to the community. These competition is healthy for the industry of cryptocurrency. 
Topic: Too many exchanges? - page 14. (Read 21388 times)
Yes when i visiting coinmarketcap, i see alot of new exchanges enter the crypto market. Offcource this will be make positive and negatif impact. The positive impact is this community keep bigger because more people will joining and use that exchange , and negatif impact is that exchange have issue of security because all of them is centralized exchange.
It giving us a lot of options which is good but we can't deny also that some of them were greatly just a clown were nobody have tried to trade cause of their reputation and looks like just a scam. This is also one reason why many investors and traders were losing their accounts because of being hack. It is better for us to look for exchanges that have already established good market volume and have a legit team members.
Old markets are always good for trading because we know how potential are they going to be because they have very good development in the background. Potential development from those teams will always help us to hold those coins in long term too.
Yes when i visiting coinmarketcap, i see alot of new exchanges enter the crypto market. Offcource this will be make positive and negatif impact. The positive impact is this community keep bigger because more people will joining and use that exchange , and negatif impact is that exchange have issue of security because all of them is centralized exchange.
It giving us a lot of options which is good but we can't deny also that some of them were greatly just a clown were nobody have tried to trade cause of their reputation and looks like just a scam. This is also one reason why many investors and traders were losing their accounts because of being hack. It is better for us to look for exchanges that have already established good market volume and have a legit team members.
Yes when i visiting coinmarketcap, i see alot of new exchanges enter the crypto market. Offcource this will be make positive and negatif impact. The positive impact is this community keep bigger because more people will joining and use that exchange , and negatif impact is that exchange have issue of security because all of them is centralized exchange.
It giving us a lot of options which is good but we can't deny also that some of them were greatly just a clown were nobody have tried to trade cause of their reputation and looks like just a scam. This is also one reason why many investors and traders were losing their accounts because of being hack. It is better for us to look for exchanges that have already established good market volume and have a legit team members.
Yes when i visiting coinmarketcap, i see alot of new exchanges enter the crypto market. Offcource this will be make positive and negatif impact. The positive impact is this community keep bigger because more people will joining and use that exchange , and negatif impact is that exchange have issue of security because all of them is centralized exchange.
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?
New players in crypto exchange is good specially if they can offer new feature that us users will have benefit. More players, more competitors is good for use traders because we have a lot to chose from and this will keep them from improving their service since they know that there are other exchanges out there that we can use if their service is not enough to keep our business with them.
too many exchanges and more exchangers, but quantity generates competition. the biggest part of them is a scam. you should be very careful choosing one.
I rather than preferred in few exchanges as long as it has secure and comfortable to used, especially for those newbie to make them less confused by choosing in an exchanges. Particularly now which is not really good to trade regarding by the condition of the market which is still on the bearsih.
there are so many new projects around. people gets to choose which platform that is favorable to them and trade on it. the disadvantage is that it might be a scam exchange or it could be hacked if security is flawed. the benefits of having many exchanges is the projects should have varieties to choose from.
Yes, more exchanges mean a greater variety to chose from, but it also means a decreased liquidity and trading volume, since that particular coin can be traded in many exchanges and so everyone has less trading operations...
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?
I believe that many exchange do contribute to the development of cryptocurrencies and also in publicity. I also think that many exchange provide us with many opportunities to be able to trade our tokens and coins as it easy listing. 
Many exchanges = more competition = better exchanges
I'd prefer many choices rather than just a small number of exchanges handling majority of the cryptocurrency market. I couldn't think of a downside as of now. But yeah, hopefully we get more decentralized exchanges in the future.
I'd prefer many choices rather than just a small number of exchanges handling majority of the cryptocurrency market. I couldn't think of a downside as of now. But yeah, hopefully we get more decentralized exchanges in the future.
In general you are correct. The more competitors join the game - the more profit goes to a consumer by better conditions, new features and so on
there are so many new projects around. people gets to choose which platform that is favorable to them and trade on it. the disadvantage is that it might be a scam exchange or it could be hacked if security is flawed. the benefits of having many exchanges is the projects should have varieties to choose from.
An excessive number of trading sites implies greater liquidity yet less volume since its partitioned on numerous exchangers like in binance, bitrex and etc. I can see a few coins which has exceptionally huge volume however in other trade less another disservice of having many trade is its progressively inclined to hacking a few trades doesn't satisfy the security guideline which watch out for misfortune numerous coins in many brokers, No one is not against having a lot of trades today but rather the security must be tight in each stage.
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?
Having too many exchanges is not a problem, unless you’re the type that is jumping from one exchange to another.If you do that you will end up jumping to the hands of scammers. There are good exchanges that are popular and has good reputation.
Maybe you should just be making use of the top exchanges instead of bothering yourself about how many exchanges there is. Top exchanges are less likely to disappoint.
will give you a much safer business as they gained it from previous and current users, there's no problem trying new ones but make sure to use
small amount first and familiarize yourself to maximize the opportunities.
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?
Having too many exchanges is not a problem, unless you’re the type that is jumping from one exchange to another.If you do that you will end up jumping to the hands of scammers. There are good exchanges that are popular and has good reputation.
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?
Having too many exchanges is not a problem, unless you’re the type that is jumping from one exchange to another.If you do that you will end up jumping to the hands of scammers. There are good exchanges that are popular and has good reputation.
Maybe you should just be making use of the top exchanges instead of bothering yourself about how many exchanges there is. Top exchanges are less likely to disappoint.
Recently there have been new exchanges, which is not bad, it is beneficial, but we must be very careful, because I know cases that have inserted money in new exchanges that have resulted in Scam. I think that today we must be very careful with this, because the known is the best ... And when it comes to our money, it is a sufficiently important issue to safeguard it with the greatest possible security, because without our funds, we would be losing the multiple opportunities offered by commerce in general.
Actually, I do not usually trade but I tried to join from some different types of campaign and it requires me to exchange the tokens from exchange sites. For me, the negative side of many exchange sites are some of those beginners in trading just like me are getting confused because there are a lot of policies we should follow from every exchange sites and they have different methods to cash out or trade your token to other cryptocurrency.
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?
Benefits: Traders will benefit from preferential policies of exchanges.Negative impact: trading floors have to compete fiercely to get a good volume and that reduces the revenue of the exchanges. => market capitalization will be reduced => community development cost deficit and partner.
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?
Many exchanges will grow for the traders like us. they will have changes in transaction fees, lower transaction fees for new exchanges and they must always explore and develop new technologies to enhance security levels.The most essential thing for traders for a trading platform is their credibility and the level of security. If it is not good, investors will have no reason to participate in the transaction there.
Jump to: