This shows that its competition is fierce.But in some exchanges, there are very few users.Only a few exchanges are popular
I think it is better for crypto-currencies traders to use the exchanges that are more well known and famous, and most importantly, the customer service of the crypto-currencies exchanges must be responsive in replying customers emails, I guess it is also good when there are many crypto-currencies exchanges available in the market, as it provides more alternative choices for the traders to choose their most preferred platforms to trade crypto-currencies. 
Topic: Too many exchanges? - page 23. (Read 21374 times)
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.
I totaly agree with u. I've tried a lot of crypto exchanges (Bitmex and Binance too) and I'm still waiting for the better one. And I'm still waiting for Monfex launch, hope to try trading on demo account. I heard that it'll be the simplest crypto trading platform
For a product if many shops were there then every one will try to promote their sale and convince customers by giving them some gifts so this is in the case of crypto if many exchanges were there it is a good and beneficial way because every one will be competent and they will make transaction faster.
Yeah, that is what competition generally brings in most cases. Everyone trying to pitch their product as the best and you cannot pitch something as the best if glaringly you do not look like it. The more good exchanges pop up and not just some shitty exchanges, the more the competition will increase, the more a lot of innovations and features will keep coming as most of the exchanges will want to have their games levelled up and the more we the users keep enjoying the side benefits of those competition. If there is no competition, it is always hard to enjoy great performance from most things.
Now a days we see many exchange are coming and too many centralized exchanges aren't good.more project more exchange then we will good for trader and crypto community.
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 think many exchanges are not beneficial because the money that people are putting in crypto are spreading too much and makes the price low. 
This shows that its competition is fierce.But in some exchanges, there are very few users.Only a few exchanges are popular
We supposed to live in a free world, and so I think, anybody who puts the effort to create a new exchange, should be allowed, if fullfilling the criterias. Also, competition is good to the market IMO. So for me it is OK.
The more competing sites on the service the more quality it will be. Helping investors and traders make the perfect choice for the future of the crypto market.
There is a proverb that there is not good service where is no competition. So too many exchanges are beneficial to us because we can get better service. If any coin is not listed on different exchange then traders are afraid for doing trade so too many exchange are needed to us that means traders.
For example, consider a single product can available in multiple shops and it doesn't mean there won't be any value for it. In this way, each person will have a different perspective about the exchange, every person is not is happy with one exchange and they will choose differently for trading different coins.
For a product if many shops were there then every one will try to promote their sale and convince customers by giving them some gifts so this is in the case of crypto if many exchanges were there it is a good and beneficial way because every one will be competent and they will make transaction faster.
In the form of monetization that is stable as well as less dependent on the fluctuation of the market price of crypto. Perhaps the main reason for the exchange was born. By profiting from these exchanges are quite large when they collect the Trading fees in a day are huge.
Quite right, with many exchange that has been created overtime traders will have a lots of options where to trade their assets, the more exchange we have the more competition will happen between exchange, both sides will benefits traders will have many place to make their transactions while site owners will have the benefits of catering large numbers of trades and enjoy the transaction fees..
In the form of monetization that is stable as well as less dependent on the fluctuation of the market price of crypto. Perhaps the main reason for the exchange was born. By profiting from these exchanges are quite large when they collect the Trading fees in a day are huge.
With alot of competition between exchange, so they will offer something different by offer more benefits to attrack trader. Which exchange that offer better product they will be number 1, and others exchange that not creatif to offer something different and more quality product, they will decrease in trading volume and number of trader. So more exchange in the market is good for trader and crypto community.
Day after day exchanges are too many increased that nobody can understand and feel hesitate to transection
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.
Yes, having the same type of businesses within one ecosystem is that they create a stiff competition for themselves and that certainly will benefit the consumers. In this case, knowing the number of exchanges popping up every day, no exchange will certainly not want to stay non relevant in the long run and will try as much as possible to do what they can to stand out among other exchanges, which means there will be no room for slackers.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.
Yeah, exchanges and many of them is not a bad thing for the community. Obviously, some will try to stay relevant by upping their game; some will definitely not and then at the end of it all, end up not being able to cope with being in the market. As long as stiff competition is being created, which is what huge number of exchanges will create; it would make investors happier to use any trusted platform to carry out their exchange without any issue.
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 think the more choices, the better. Because everyone can find the appropriate exchange according to their own criteria.
But nowadays we need decentralized exchanges, so there is plenty of centralized exchanges. Yep, there also has decentralized exchanges, but personally whenever i need them, i have feel of fear.
The main benefit of more exchanges for me is it increases the options when arbitraging.
And you can take advantage of the difference in trading volumes of a currency on the different exchanges.
It also creates healthy competition as each exchange would have to upgrade and improve to keep it's traders, and investors.
And you can take advantage of the difference in trading volumes of a currency on the different exchanges.
It also creates healthy competition as each exchange would have to upgrade and improve to keep it's traders, and investors.
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, you are right... now a days we see many exchange are coming. because crypto market or blockchain industry is growing so fast. many people believe in blockchain industry that's why they invest there money here. more project more exchange then we will get more people for crypto world.
a lot of exchange gives wider space for tokens and coins that are not as fast as possible listing on the market, this is the advantage of the project owner or ICO side. while the advantage of the coin owner or trader is that they have more opportunities to determine the market and the price they want
Not only the coin owner, but it also helps the investor as well. We don't have to like wait for any particular exchange to get the coins listed on their website. And many new ICOs doesn't get listed too easily or quickly in few exchanges, so I think having a vast good exchange is necessary. With more quality exchange in the market, there will be a competition which will make them increase there service quality.
Jump to: