Topic: Too many exchanges? - page 18. (Read 21343 times)
With more and more exchanges, especially if they stand in each of the different countries, of course this will make it easier for anyone / community who wants to manage their finances in the form of investment and crypto trading. So that way, transaction access can usually be done very quickly, at a low cost, because so far these two issues have felt burdensome for users especially bitcoin users.
I think it's better to have many other choices than few, one or zero. The more exchanges are created, the competition is bigger and services are better, and bad exchanges fails.
BENEFITS
Investors
- Lower trading fees
- Wider choice of exchanges to choose from
- Tokens invested in are listed much quicker
- Improved customer support due to competition for traders
- More trade competitons
ICO holders
- Lower listing fees
- Quicker listing and launching of project tokens
The disadvantage is on the exchange side where they will be in so much competition meaning lesser traders and probably some of them will fail in the due process
Investors
- Lower trading fees
- Wider choice of exchanges to choose from
- Tokens invested in are listed much quicker
- Improved customer support due to competition for traders
- More trade competitons
ICO holders
- Lower listing fees
- Quicker listing and launching of project tokens
The disadvantage is on the exchange side where they will be in so much competition meaning lesser traders and probably some of them will fail in the due process
Competition is a must in every market, new exchanges finding a way better to serve the needs of crypto enthusiast. Of course, it has a negative impact where other exchanges claiming they hacked that leave us disappointment.
There's nothing wrong if they have a lot of exchanges emerging every month or even week as long as they are in a good service not on the shady one like an exchange that has a ton of reports here due to unresolved complaints to their traders. A lot of exchange then for sure there is also a lot of people crypto enthusiasts who adopt on trading as a business that I think it will contribute to help market turns to green color price number. Choosing a good exchange will lead you to a success.
There are good and bad sides, the good side is you can compare between exchanges with other exchanges, you can look for better ones because there are many choices, exchanges with the most volume means he is the winner. The disadvantage of many exchanges is theft in the sense of weak security
I think the same, also some exchange just copied idea and their design web and loading animation especially plagiarism from binance
Probably you are right, all of them are having the same interface when it comes in the trading platform. But there are some others having different features or it depends on the volume of the price they had. Most likely traders want high volume and low fees transaction.I think much better if there is a lot of exchanges out there so that there will be having a competition between those exchange and having a good service to have a huge number of clients as a trader.
I think the same, also some exchange just copied idea and their design web and loading animation especially plagiarism from binance
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?
Because of too many exchanges im just starting to not go into
Exchanger project bounties because the volume is basically on the top exchangers
So the percetage of the success of this exchanger project is low unless it has strong partnerships
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.
well, I think this also supports a number of new ICOs, because the many new markets make it easier for ICO projects to get their market, even though it's said to be new but I think that's a pretty good development.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?
It really brings a lot of benefits to us. Because more and more trading floors, the higher the level of competition. That means they have to create high quality trading floors and low transaction fees to attract more investors. More preferential policies. Investors like us always benefit! The crypto market is growing and its profitability is huge. The reason for so many exchanges that it focuses on many ICOS campaigns that offer multiple transactional exchanges and the future they will be profiting from selling and buying Altcoins and Bitcoin.
Well and because the profits are so great, the exchanges constantly appear at a fast pace, compete and dominate the market, and to advertise their exchanges, they create very attractive campaigns and rewards, resulting in many places in the forum becoming garbage. In addition, they neglect all consequences, accepting all tokens without thinking, that led to the ico gradually becoming weak and the value of ico fell lower than ever before, investors also no longer believe ico 
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.
well, I think this also supports a number of new ICOs, because the many new markets make it easier for ICO projects to get their market, even though it's said to be new but I think that's a pretty good development. 
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?
For me, it is ok for having many exchanges but there are still many disadvantages of it, like for example it is very vulnerable for hackers and the good side of having too many exchanges are it will help the community to adapt the cryptocurrency. Exchanges with high volume is really amazing.No doubt, it is a big space and pretty big enough for every one of these exchanges, but we also have to understand that the lesser they are, the less competitive the space would be, and the more rubbish we would be dealt with as customers, but when there is competition, it is more like you being considered first most of the time, knowing there is always an option for you when they flop, and in that case, they will want to retain the loyalty of their users.
Because too much exchange, we are the users will benefit from this market, many exchanges, strong competition with each other, so follow me should not rush, choose the best place to exchange. for us
The crypto market is growing and its profitability is huge. The reason for so many exchanges that it focuses on many ICOS campaigns that offer multiple transactional exchanges and the future they will be profiting from selling and buying Altcoins and Bitcoin.
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.
Yeah, its to many exchanges exist today but it happens that some of them aren't working right now due to security reasons(lack). And I'm for sure some of them are just scam and also the reason of hacking ethereum accounts.
I don't know if some of them have pass the SEC regulations imposed and they comply the requirements before launching.
I don't know if some of them have pass the SEC regulations imposed and they comply the requirements before launching.
Yes, i agree, there are lot of exchanges now, and people can choose. But i don't understand why so much people are afraid of verification? And when in January btc was 20k, many exchanges closed registration.
well, exchangers are a profitable business, but of course it is not easy to make it survive in the many exchangers at this time. it is easy, which cannot survive, and develop their projects, so it will be difficult to develop. Well, I think it has its own disadvantages and advantages
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?
Don't make it as your problem. Remember, even your towm have different store where you can see the products. That is just like that but the difference is that, this exchange allows digital coin. Well, we cannot blame ever exchange because they have different platforms and usage. I like to have 100 above exchanges but I think it is good if there is a legit site to see active and legal exchange.Jump to: