Too many exchanges? - page 27. | Bitcointalksearch.org

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

Quote from: Daniel91 on September 18, 2018, 10:55:25 AM

Quote from: mk4 on September 18, 2018, 10:52:49 AM

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. But yeah, hopefully we get more decentralized exchanges in the future.

It can be true but it's difficult now to find good exchanges between many of them.
I think that new users are confuse here and don't know which one to choose.
I personally using only 2 exchanges and it's more than enough for me.

Well, kinda true; but that's the responsibility of the user, that he/she needs to do a bit of research for him/her to decide on which one to use that could fit his/her needs(fiat or no fiat, what coin/token), etc.

KatelynCooper

newbie

Activity: 59

Merit: 0

Quote from: mk4 on September 18, 2018, 10:52:49 AM

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.

Exactly! Now many other exchanges are improving just like poloniex. Finally they have delist all the dead project from there exchange and listing better token/coins now.

CryptopreneurBrainboss

legendary

Activity: 2450

Merit: 4295

eXch.cx - Automatic crypto Swap Exchange.

Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

We are seeing more and more exchanges nowadays. Is it beneficial to the community

Currently, the exchange we see nowadays are mostly decentralized, I'm talking about the newly formed exchange. It is a welcome development and a benefit to the cryptocurrency because these exchanges will lead the way for more cryptocurrency exposure. If the case was reversed and we had more of newly created centralized exchage then it would had be catastrophic.

Painbird

full member

Activity: 552

Merit: 102

yes more & more exchange comes in & lots of exchange are not good.I think bittrex,binance are the most popular exchange so we need to aware befor log in new exchange. becouse many exchange can be froud. so we need to justify first.

mmo_online_1981

sr. member

Activity: 798

Merit: 250

Many Exchange will give you many options when investing! It is important that the options are exchanged accordingly, Avoid phishing sites!

otandelapaz

full member

Activity: 518

Merit: 115

Quote from: Albert211994 on September 18, 2018, 11:22:09 AM

There is nothing good coming out of having too many exchanges. Most of them do not even have good volume to be enticing to do trading. And if they have volume, it is run down with bots. It is better to have lesser exchanges but have quality volume and less bots.

This is the concern I could think of right now. The volume of a certain token will be divided to these exchanges thus making it not to be unattractive to users.
Maybe that is the reason why some coins/tokens are exclusive only to a certain exchange.

Albert211994

member

Activity: 148

Merit: 11

There is nothing good coming out of having too many exchanges. Most of them do not even have good volume to be enticing to do trading. And if they have volume, it is run down with bots. It is better to have lesser exchanges but have quality volume and less bots.

Nahl

legendary

Activity: 1652

Merit: 1000

A lot of exchange will not have an effect for bitcoin price and development of bitcoin but you can compare the service between one exchange to other exchange that if you can do that then you will find which one will have the best service and the best features from them

Ferki

member

Activity: 266

Merit: 25

Quote from: otandelapaz on September 18, 2018, 10:44:22 AM

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?

Benefits could be lower trading fees becouse of larger competitors field.Quality tokens/coins only at quality exchanges.But for me most of them will go centralized way and there will be no difference between inst. banks and crypto exchanges,unfortunately.

sunsilk

hero member

Activity: 3038

Merit: 634

The only negative impact that I can think of with the vast number of exchanges coming in is on their part (exchanges), not on us who uses them. But on our part, its more of having convenient way of trading.

They will beat themselves out and what lacks to other, they will fill it to their exchange. This is the beauty of competition, the users are the ones that will get most of the benefit and the best of them will benefit as well. Because they will find a way to improve, upgrade, maintain just to attract more traders.

Daniel91

legendary

Activity: 3374

Merit: 1824

Quote from: mk4 on September 18, 2018, 10:52:49 AM

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. But yeah, hopefully we get more decentralized exchanges in the future.

It can be true but it's difficult now to find good exchanges between many of them.
I think that new users are confuse here and don't know which one to choose.
I personally using only 2 exchanges and it's more than enough for me.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

vy99

member

Activity: 126

Merit: 25

Too many exchanges, not enough that are decentralized and anonymous.

otandelapaz

full member

Activity: 518

Merit: 115

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?

Topic: Too many exchanges? - page 27. (Read 21374 times)