while the number of exchangers that exist is not a problem that is actually harmful, why? because with many exchangers we can choose to trade crypto currencies on the best exchangers by comparing the advantages and disadvantages of some of these exchangers.
In addition to that, it will benefit us as a trader, why ? because there will be a competition on transaction fees they are getting, it would result to less and less transaction fees to attract more traders. It should not be a problem in the future since there will be incoming coins in the market, what should we focus now is how to have an enough investor to run the market. 
Topic: Too many exchanges? - page 15. (Read 21388 times)
More exchanges are better than zero.
while the number of exchangers that exist is not a problem that is actually harmful, why? because with many exchangers we can choose to trade crypto currencies on the best exchangers by comparing the advantages and disadvantages of some of these exchangers.
There are many exchange can be good for crypto market because each exchange also will make advertising about benefits of crypto to attrack new user. In my country there are new crypto exchange and they organize offline events to the public about advantages of blockchain and cryptocurrency, so will be more new money will come in to crypto.
besides that, I think exchanger is indeed a profitable business for now, so many people are trying to develop a project like that. however, you only need to choose an exchanger that is comfortable to use. I even use several exchangers. 
You need to use several exchangers if you try to trade every day, if you are a holder, you can store on cold wallets
There are many exchange can be good for crypto market because each exchange also will make advertising about benefits of crypto to attrack new user. In my country there are new crypto exchange and they organize offline events to the public about advantages of blockchain and cryptocurrency, so will be more new money will come in to crypto.
There are many exchanges launching in the market but we will join their exchange according to the coins we have. There is no compulsory to join in every exchange and choose the best exchange where potential coins are listing like Binance, Upbit etc.
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?
lots of exchanges isn't this better? this can be a sign of the excitement of the crypto world, the more business people are going on, the more exchange rates that can occur if we can react well, this can be an advantage for us in the future, it all depends on how we manage is it appropriate or not. 
I don't think that there is too many exchanges now; to say exactly it is not too many GOOD exchanges, and having a different option because of big number of exchanges is really nice...
Even there are tons of exchanges we tend to only used few of it, its good to have option and find some difference from each other but always be careful in using them. 
I don't think that there is too many exchanges now; to say exactly it is not too many GOOD exchanges, and having a different option because of big number of exchanges is really nice...
Many exchanges are not a problem. Instead, it will make the crypto world grow. But the problem is the guarantee of the customer's assets that exist at the exchange, there must be rules so that all are fair and accountable. At present there is an exchange concept that offers more benefits such as profit sharing from their fees, this is fair to investors and holders of tokens on the exchange.
hero member
Activity: 2786
Merit: 657
Want top-notch marketing for your project, Hire me
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?
As of now they still creating more exchange and most of the ICO projects are now exchange and I think its because the number of investors and traders are become double so that they keep on creating exchange. In every exchange there are different volume and token so I think it is the reason why there are many exchange.
Its very good and there are many reasons for that ,first there wouldnt be 1 or 2 bigest, so much more dificult to manipulate with price,low fees and etc only best would be alive.
very unique where in the cmc list not only write about crypto coin rankings, they also write the best crypto market standings and it turns out that there are lots of them and compete with each other, I also see more new ICO projects that bring the exchange market as their strength, actually this is not well because too many markets will only divide the volume fundamentals which can actually be arranged well in some popular markets.
But I chose not to do a lot of testing and trust in only 5 markets that I considered familiar. there are many markets that are not in accordance with my capital capabilities, for example ethfinnex which requires a minimum deposit of $10k to be able to conduct trading activities, and this will not reach many traders because it only depends on exclusivity.
But I chose not to do a lot of testing and trust in only 5 markets that I considered familiar. there are many markets that are not in accordance with my capital capabilities, for example ethfinnex which requires a minimum deposit of $10k to be able to conduct trading activities, and this will not reach many traders because it only depends on exclusivity.
lots of new projects are created and they are trying to make a place for exchanging cryptocurrency and fiat so as to make lots of exchange places in circulation, you should be careful when choosing a place of exchange because so many try to cheat new traders who have no experience choose a place of 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?
As of now they still creating more exchange and most of the ICO projects are now exchange and I think its because the number of investors and traders are become double so that they keep on creating exchange. In every exchange there are different volume and token so I think it is the reason why there are many exchange. 
The more the merrier. I am so happy to see so many exchanges popping up here and there. There is now a lot of competition among them as there are trying to get clients to their platform by becoming better service providers compare to the other opponents. Some are now charging low fees or nothing at all, others are now having a higher scalability and have now faster transaction completion time. While others are claiming to be hacker free thereby assuring the safety of your fund.
lots of exchanges that try to be the best place of exchange so maybe you should be able to take advantage of several exchanges that have a lot of trading volume every day and have very high security. make sure you choose an exchange that is very safe and has a very high security guarantee.
This market has many new exchanges but most of them have problems with liquidity and lack of trader. This will make new exchanges no longer attractive to new investors. I personally believe that you should only trust the big deal at this time and do not trust the new exchange because the risk is very high.
lots of exchanges that try to be the best place of exchange so maybe you should be able to take advantage of several exchanges that have a lot of trading volume every day and have very high security. make sure you choose an exchange that is very safe and has a very high security guarantee.
There are plenty of exchanges and many more are coming up, most of these exchanges are not fair in their dealings except a few, so it wouldn't be beneficial for the crypto community.
Jump to: