So many exchange are positive sign for Cryptocurrency Market
Few point can be roll out:
1. This is good for crypto market.
2. Good quality exchange can be make new market.
3. Many local exchange can be bring many local trader that can be helps for global crypto trader.
4. Crypto market going spread day by day and exchange can be make one good role.
5. Exchange can be make good competition and it will be help for trader.
6. Many Decentralization exchange can make good role for whole market.
Topic: Too many exchanges? - page 24. (Read 21374 times)
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's ok that we have lots of exchanges as long as these exchanges perform according to customers' expectations - honest, quick, and transparent. exchanges earns the most in crypto and this is why more and more exchanges are built every now and then. it's good to have few more to prevent those big exchanges from monopolizing the crypto exchange business.
Good thing it can bring is the option to choose from the vast amount of exchanges imagine we only have 3 to 5 exchanges globally, they have pros and cons, no major competition, no good promotion, no local support for fiat, low volume potential coins might not get listed as the fees are so high and so on, too many crypto to the market and ICO to take place.
Too many centralized exchanges aren't good. cryptocurrencies spaces need a reliable decentralized exchange to fits with its nature. Nevertheless, A lot of centralized exchanges brings a competition to the exchange's market, it indirectly makes the exchange owners' compete to be the best.
I'm pretty sure decentralized exchanges are pretty difficult to make, as the developers need to make sure that people won't lose their funds one way or another when using these DEXs. It will take time, for sure. I'd prefer waiting longer for a good working product than using a half-working decentralized exchange.
There is a demand for crypto currencies and creation of an exchanger its one of the legal ways to earn on crypto currencies. That's the reason why they appear like mushrooms after the rain. Competition among them is also on the high level, but I guess even the exchanger with the most low fees earn such good money that any one from us cannot imagine.
I do not have anything against of so many exchangers, I use those ones which give me the best terms and that's it.
I do not have anything against of so many exchangers, I use those ones which give me the best terms and that's it.
in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!
I cant argue more. The more exchanges we have the better. This means that we have more options where to send and sell our coins. The problem is, which one is legit that would guarantee that it will not close and left the traders with nothing because they ceased to operate. I hope a regualtion to exchanges is better explore which government they are operating.
As we all know that we all want the best, with a lot of exchange we can choose the best and we can use the various features that we can.
This is a positive thing because with so many people getting the best service offered by each 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?
surely there will also be lots of scam exchanges. if the exchange does not have enough volume. I think it will close. and most of the closed exchanges don't return the customer's coin. but there is also a positive side. this makes crypto currency users not difficult to exchange their crypto currencies. so all have positive and negative sides. look for a reliable exchange. more exchanges more risk and more easyToo many exchanges, not enough that are decentralized and anonymous.
Well, we have not gotten to that stage yet in which we will be able to see decentralized exchanges making a very good move in terms of the ease when it comes to trading and the liquidity as well. As far as there would be more competition however, it would make the exchange space to get even much better as we will keep seeing every exchange trying to make sure they put up their A-game so as not to get pushed out and we all know the benefit that will obviously bring to the community at large.
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?
surely there will also be lots of scam exchanges. if the exchange does not have enough volume. I think it will close. and most of the closed exchanges don't return the customer's coin. but there is also a positive side. this makes crypto currency users not difficult to exchange their crypto currencies. so all have positive and negative sides. look for a reliable exchange. more exchanges more risk and more easy
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
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 boom of exchanges is a good thing. Having more institutions that caters to our cryptocurrency needs such as an exchange is part of the road to global adoption. The more they are, the better the economy.
The only concern i could sense is the issue of security. Even the toughest of exchanges experienced breach already. And if small scale exchanges are out there to compete, their security measures should never be the less as the big ones.
But as to the crypto economy, the more exchanges out there would simply mean a more diversified competition and better exchange rates and fees.
Today, only the lazy one doesn't do ICO and try to make a crypto exchange.
Sadly, all of that crypto exchange slogans are "we will be the best among all", "largest exchange" , "worldwiwe", "safe".
I wonder who needs so many exchanges, when most of the users use top 10 exchanges from coinmarketcap and only 1 crappy exchange for shitaltcoins.
Sadly, all of that crypto exchange slogans are "we will be the best among all", "largest exchange" , "worldwiwe", "safe".
I wonder who needs so many exchanges, when most of the users use top 10 exchanges from coinmarketcap and only 1 crappy exchange for shitaltcoins.
It is to be noted that there are too many exchanges in the world for crypto and working like a stock market in the world from this it will be good that we will easily in the country invest in the crypto and change our investment plans.
in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!
I cant argue more. The more exchanges we have the better. This means that we have more options where to send and sell our coins. The problem is, which one is legit that would guarantee that it will not close and left the traders with nothing because they ceased to operate. I hope a regualtion to exchanges is better explore which government they are operating.
in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!
I cant argue more. The more exchanges we have the better. This means that we have more options where to send and sell our coins. The problem is, which one is legit that would guarantee that it will not close and left the traders with nothing because they ceased to operate. I hope a regualtion to exchanges is better explore which government they are operating.
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?
Crypto's popularity is one of the opportunities for all parties from various fields, including the people who make new exchanges that are expected to get enough users so that there are many new exchanges popping up in digital currencies, there are positive things but many make an exchange site as a tool to steal our money as a user so we have to be careful... 
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 don't think it would have a negative effect. Being a trader, it would give you more options as to where you should trade your coins. However, you should always be careful where you are trading because there are so many phishing sites out there that would try to get your coins from you especially of you are trading in those famous sites. Always check the review of the people when you are trading in a new exchange and check their support if it's responsive and check the fees as well.
When having altcoin listing at many market is very good for the future of coin price, it one way how make altcoin can have higher price and could growing up. now day many coin want to try for listing at many market exchange.
Yes, right. Currently, many exchanges Cryptocurrency which makes us sometimes hesitate if you want to trade in a new exchange we know, when we have a token or coin that is in such exchanges. in my opinion, the increasing number of exchanges is precisely we have to be careful in new exchanges, and my advice to all friends, we should trade in exchanges listed in Coinmarketcap. or before we trade, you should ask your friends first, safe or not if for example we trade in new exchanges that we just know.
in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!
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