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Topic: too many exchanges and will increase in the future, what do you guys think about - page 5. (Read 746 times)

sr. member
Activity: 1183
Merit: 251
Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
More coins mean more platforms but more exchange means nothing. When there was a big exchange that can list hundred of good coins and why do we need to use a new one? Some people argued if there must be a competition between a new one and then old platform but this time the growth of the new exchange site doesn't make sense at all.
copper member
Activity: 1400
Merit: 103
Right now there are lots of new exchanges popping up and they don't have a good volume, but I think it doesn't matter while they are still struggling, I'm sure in the future with the increase in crypto users, the exchange can also go up
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.

Yeah,,, this is just what people were saying in the year of the crypto winter (2018). Exchanges at first charged a lot of money,,, and coins used to pay at first. But people stopped buying anyway so coins did not want to pay a lot of money. The easier way? Get their own exchange and launch their own listing.

Then you know what happened next? IEO. 2-in-1 ICO and listing;)
copper member
Activity: 168
Merit: 0
Every coin what to have their own exchange and as many exchange is getting out same as new coins , now I see no reason for too much coin and exchange market as we are only here to play save in the mixed and get little profit we could but many has turn this to scam arena , that is why we see lots of them coming out every seconds with no purpose.
legendary
Activity: 2226
Merit: 1086
duelbits.com
That's why we need to be more careful to join in new exchange projects nowadays. With many cases of failed new exchanges, it should be a warning for all people. Not all exchange projects are made for the real exchange purpose, some of them may be just created for scamming people only.
hero member
Activity: 3024
Merit: 745
Top Crypto Casino
do you think there are currently too many crypto exchanges?
Yes.
and when the platform was released did anyone use it?
Most of the time and base on my observation, yes there are.
if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
Because they think that they can become better.
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
As long as those exchange sites can be trusted and it's not a big problem but the real problem is when the exchange site can't be trusted by us and this is the main problem because the majority of them centralized exchange site. even if there will be a lot of exchange sites will come and i will always stay with the best one like binance because i don't wanna put my money in the big risk by using a small or new exchange sites.
legendary
Activity: 1624
Merit: 1130
Bitcoin FTW!
There absolutely are too many exchanges out there today. I still use the same few exchanges that I used to use a few years ago because very few new exchanges have features good enough to make me switch to a new site, and I also like to keep KYC to a minimum. I support DEXes but I typically don't use them because there's just not enough liquidity on the majority of them.

As for the reason why new exchanges keep coming out, it's because it must be profitable for these sites to be run; most of them likely make money through listing fees for newer coins or just from fees for buying and selling.
sr. member
Activity: 645
Merit: 266
They are not true exchanges platform, many new exchange just want to get attention when they listed new token after its ICO, especially shit token. I think for this case, we must carefully about new exchange or better we just ignore them. We just choose major exchange for daily use at least we have 3 favourite exchange to use.
full member
Activity: 1022
Merit: 106
Indeed, there are a lot of exchanges being created now. This is a niche in the cryptocurrency market that allows to collect investments. There is nothing wrong with this - the competition  makes the weak will leave and disappear. It's a pity that now there are a lot of scammers here.
member
Activity: 1540
Merit: 68
there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

You are very right
Exchange platforms either dex or cex are almost the  same

Having more altcoins or exchange is leading the market to an inconclusive event
Where fake volumes and fake trades are practiced
member
Activity: 798
Merit: 38
Some of the new exchanges are already going into extinction, because they could not fulfill the necessary ingredient or requirement of trading, which are most importantly volume and security. If they cannot guarantee these two important attributes, then they are no good.
sr. member
Activity: 1470
Merit: 428
Yes there are too many exchanges but few good exchanges. In the long run, only those with good strategies and good management will survive. The likes of Binance, Huobi, Kucoin, OKEX, BITFINEX, gate.io are doing great.  It's astonishing  that the crypto space should be more decentralized but 90% of crypto enthusiasts use centralized exchanges more often because most DEX cannot compare with centralized exchanges in terms of trading volume, user interface, swiftness of operation and other vital aspects. Security wise, DEX is better off and we look up to DEX in future with better features.
sr. member
Activity: 882
Merit: 301
Don't stress yourself about these new exchanges popping out every now and then, there's nothing we can do about it. You can simply ignore those new exchanges you don't want to use. I just hope all these exchanges gets registered first before they start launching.
sr. member
Activity: 1442
Merit: 265
I think too many exchanges are coming up and the reason is simple, if an exchange attracts serious amount of users and volume then jt is perhaps the easiest business and money that can be made but you are right market has already become saturated and most of the exchanges are having hard time to attract decent number of users and volume. But it is a free market so we can not stop or restrict new projects but if we take this thing positively i think competition is a good thing and in the end only high quality platforms will survive.
full member
Activity: 854
Merit: 115
the more exchanges the more intense the competition, even less healthy competition, such as listing tokens or coins that are not clear (ShitTokens). And we must also be on the lookout for new exchanges, understand, study and research the exchange first, because the possibility of our assets being lost is also getting bigger in the new exchanges
full member
Activity: 868
Merit: 104
there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?

Many of them will die for sure. Everybody wanted to make quick money without much thinking or their intention to scam people and go away. One need to be very careful.
full member
Activity: 1498
Merit: 129
Many of them will either die a natural death or turn to scam. You will realize this is one of the strategy used by many project. they want to have their own native token then later it will be they want to have their own exchange platform. Thank God it has been revealed that many of them are faking trading volumes. Even if you check many of them today, you will realized most token that they listed are dead token. many of them will always running around to find project that they will list so that people can use the platform.
member
Activity: 658
Merit: 13
there are too many projects about exchanges now, and everything looks the same.

do you think there are currently too many crypto exchanges? and when the platform was released did anyone use it?

if seen at this time, there are still many exchanges that do not have trading volume. then why are they still making projects about exchange?
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