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 a many exchanges help some exchanges to make past transactions because as you know many people always go to they know top exchange like binance. But always be careful to some exchange because some of doing fishy thing. 
Topic: Too many exchanges? - page 17. (Read 21343 times)
the more exchanges available can determine many options for choosing which exchanges have high trading volumes and reliable levels of security, besides that we can choose one exchange that is able to pay lower tax costs if we want to make a withdrawal. more and more exchanges can cause a lot of competition so that it can encourage crypto to be more popular
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?
YES, more and more exchanges are added or coming soon.It is beneficial for crypto traders and investors, because more and more crypto exchanges add, then more and more advantages which crypto lover gets such as new tokens or coins add in different exchange, new privacy and security, transaction and fees etc.Sometimes, there are few exchanges add which are spam or worst for trader. But, if we are analysis and researching which are better for trading, we can get it.There are a lot of exchanges which are great for traders such as Binance, Kucoin, OKEx, Huobi, CoinBene, HitBTC, Bitfinex, Kraken, Exmo, Bittrex, Yobit or top 100 etc.
I think in the future there will be many trading exchanges because many investors prefer to do business with this type more. Because trading exchanges will make more money than ICO.
We need more good exchanges. The ones there is right now ask for a hefty fees from the teams or have very less volume. We need exchanges whose listing fees will be less and also provide perks to their users.
I also trade on Trade Santa, they have things there that hopper doesn't have. And I heard about the 3commas, but haven’t tried it yet.
Due to the abundance of exchangers there is a bunch of paid services, it isn't good for users. A huge number of services confuse many users. What do you think about the trading bots? There aren't many of them on the market. I look for the Cryptorg, Cryptohopper and TradeSanta. Tell by experience, which one is more convenient for you?
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As new ico coin always releasing their are so much token but they are suitable for different exchanger to list their coin so that the effect for so many exchanges in crypto coins.
I agree with what you said because it was one of the thing that leads too much crypto currency exchanges of this days.The question is how many banks do we have around the globe? Countless, isn't it.
I believed what causes much exchanges is because crypto exchanges are crypto banks and sooner or later crypto currency will go global and much exchange and fast tx is what the communities needed.
It is good for the traders to have so many exchanges so that there will be options for choice. The more the exchanges the more innovative they will be and all these are for the benefit of the users. They can decide which one to use based on any criterion important to them. It may be that the transaction fee is low compare to another exchange. It can also be that the scalability is the fastest compare to others. It is only when there is much that you can choose.
more and more exchanges will give spread of coins or tokens at different prices on each exchange and this has a negative impact on the average value of the coin. let's say if whales wants to get a cheap price coin he will look for a market whose volume is not too big and he will do a dump so the price falls and he buys a lot, then he will sell higher in another 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?
Yes, we have seen so much exchange service lately that it is difficult for us to discuss whether it is positive or not. For example, this situation is quite good for traders who trades arbitrage because they face a variety of prices in the market. On the other hand, I think this situation is positive for individuals who do trade, but I do not think that ICO is a positive thing for investors. We can easily say that many ICO projects are opened to trade in very low volume exhange services and that the investor is constantly victimized.
Due to the abundance of exchangers there is a bunch of paid services, it isn't good for users. A huge number of services confuse many users. What do you think about the trading bots? There aren't many of them on the market. I look for the Cryptorg, Cryptohopper and TradeSanta. Tell by experience, which one is more convenient for you?
So many exchange are launching every month. But we need more decentralized exchange than centralized exchange. Cause decentralized exchange is very secure for trading.
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?
In my opinion the advantage of having an account on many exchangers is that we can more easily make arbitrage and it is easier to monitor the market conditions because each exchanger has a different volume on all coins. then the disadvantage in my opinion is that it is only more difficult to manage it.
There is nothing wrong with having so many exchanges, it will however give a wider option to traders and with competition that comes with it will make a lot want to do something different to attract users, at the end it becomes a win win for both users and owners alike
Just like we have some cryptocurrencies that will eventually fade and get delisted from exchanges and Coinmarketcap, so it will be for some of these exchanges in tike to come, not all will be able to stand the competition and this may eventually result to losses by traders and users and a lot may exit as scam while the rest obviously get hacked and lose investors fund and those are my concerns.
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?
In my opinion the advantage of having an account on many exchangers is that we can more easily make arbitrage and it is easier to monitor the market conditions because each exchanger has a different volume on all coins. then the disadvantage in my opinion is that it is only more difficult to manage it. 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 negative impact of a lot of exchange is the price will dump easily. we can see if there is a coin registered on some exchanges, it will be easy to do a dump by the coin owners. but there is a positive effect on this. when there are so many exchange places like this you should be able to take advantage of the moment of cryptocurrency price differences and movements because cryptocurrency prices usually differ in price and volume.
I really don’t understand why people are afraid of this thing. If exchanges are quite increasing in number, what is the problem?Rather I suggest you all to make a good decision now. Keep things open and try out all exchanges. Learn about them and whichever suit you most, go for it. Increased number have made a completion bar between them and ultimately they are providing best facilities to people. 
Have a good and bad side in my opinion, a good is more exchanges mean a cryptocurrency will be more valuable in the future, more people interested to trade with cryptocurrency cause more profitable, and bad is the price of each coin or token in an exchange can be very different irrelevant due to the lack of a trader in the exchange which causes the inactivity of the sale and purchase of a coin or token
I would not say there is so much of a bad side, except that there could be some shitty ones, but that would be left for you to decide and judge as a user, based on certain criteria in the long run. We are seeing the rate at which the cryptocurrency space is growing, everyone trying to tap from the growing market, and having exchanges like this coming up shows that the time will come when there is mass adoption, it would make it easy for the mass adoption not to get some investors get closed out from being a part of the system just because some exchange could not keep up with the growing space. Now, with many of them, they will be tightening their belts to want to be recognized as the best, as the more the users, the better for them. Jump to: