Topic: Too many new Exchanges (Read 4387 times)
In my opinion it is necessary to create new exchanges in order to increase market activity and buying-selling power. New opened exchanges are not going to make few mln bucks per day but certainly they will find their own way like how binance did.
I think that there is nothing wrong with creating a large number of exchanges. There is a demand, so the supply will increase. Of course, there is always the likelihood that the exchange may "lose" your money. But this applies to absolutely all exchanges, and not just new ones. I think that investors will choose the exchanges that are convenient for themselves, and the management of these exchanges, with an increase in the number of their clients, will improve their security.
Major exchanges also started with trust issues. If these newbies can be very consistent on their trust, security and privacy issue they will sustain and attract many clients.
Right now there are too many checks with an exchange concept and all of them are basically the same. by making it but actually this is the wrong thing by making a large exchange projeck
Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
Totally agree with you. it's need must be a rule for exchange. i do not agree about limited but yes there is many exchange out there and many of them too much risky for trading. trust issue is more important for crypto trading. so we all need a terms and condition for new exchanges.
I think that restricting the exchanges is absolutely unnecessary. Because each exchange will have its own characteristics that can be attractive to investors. Especially many traders only use on one trading floor, so the listing of Altcoins on more and more exchanges can increase the liquidity of those Altcoins.
Crypto currency market brought a lot of new different companies. Crypto exchange is really a lucrative business now a days. I don't look at the number of exchanges as anything bad, ocontrary. With more exchanges, you have more options to choose from. I am using several exchanges for different purposes. Major exchanges such as Bitstamp or Kraken offer stability and safety, but they are ripping us on fees. Plus all additional documentation needed for any higher withdrawal makes you wait for your money for days! Then again, your money is safe there. There is an exchange that I started using recently for instant orders between coins and it works as a charm, https://www.fox.exchange/pair/BTC-ETH. Simple, easy, instant, no additional documentation. Just a click on a button. This has its advantages when you urgently need to change your coins and I love it.
Yes, there are so many exchangers coming out this year. but with so many exchangers there's only 50% to be top of a year, i mean those are great exchangers but you really need to choose one of them the most exchanger for trading and more demand for a cryptocurrency and everything safe
Lot of new exchanges will reserved to all ICO projects that will list their coin in their exchange but we should not ignore this exchanges maybe this exchanges will popular in the future.
I think its a normal, thats mean the crypto business is getting bigger today, but someting make me wonder, how they survive amid the increasingly intense market competition, I think not all of the new exchanger will survive in the next five years.
I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.
Yeah I agree, I guess the new Exchanger must be able to make trader delightful to buy/sell there. I conclude like that because there are many new exchangers where there is no trade activity in it, so what is the use of the new exchanger if no one is buying and selling there.
I see the new Exchanger currently has always had a very low volume so make traders reluctant to trade there.
Well it's not about the total quantity of exchanges, it's about the quality of the ones you use.
However, we have to stay aware. Many exchanges are fully anonymous from the outside.
Not referring to any company... I have my doubts when I see those.
Some of them might just be fair, decent and stand for what the crowd is looking for.
Nevertheless, avoid shady exchanges, do your research.
I agree , the one who has a quality exchange will surely standout above all exchange . But it is also good that there are many exchange that is existing. There are new coins that can be listed on new exchanges. However, we have to stay aware. Many exchanges are fully anonymous from the outside.
Not referring to any company... I have my doubts when I see those.
Some of them might just be fair, decent and stand for what the crowd is looking for.
Nevertheless, avoid shady exchanges, do your research.
Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
yes, indeed with a lot of new exchange, in my opinion it is good and there is also no good, good with the new exchange we can freely choose where we have to trade, and can compare the costs of trade from exchange to other exchanges, but about security we have to think about choosing an exchange for us to be able to trade, therefore security of exchange for me is very important, if I prefer an exchange that has a slightly more expensive trade fee, but that exchange has better security.
Well it's not about the total quantity of exchanges, it's about the quality of the ones you use.
However, we have to stay aware. Many exchanges are fully anonymous from the outside.
Not referring to any company... I have my doubts when I see those.
Some of them might just be fair, decent and stand for what the crowd is looking for.
Nevertheless, avoid shady exchanges, do your research.
However, we have to stay aware. Many exchanges are fully anonymous from the outside.
Not referring to any company... I have my doubts when I see those.
Some of them might just be fair, decent and stand for what the crowd is looking for.
Nevertheless, avoid shady exchanges, do your research.
Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
Regulation is the word that most in the crypto world especially enthusiasts are allergic to. They despise the word so this shouldn't be the case. It's better imo for competition sake to lower the price of the trading fees and to get after improvements in major exchanges and new ones.
Not a good thing in my opinion with the increasing number of exchanges. because right now when the conditions are not good, the projeck of the exchange project that actually decreases even more
More exchanger is good for new coins like Ico to insert in their exchanges to trade but some of exchanges like to list for free listing and don't need to pay for listing.
there are too many exchangers, and many of them are fake exchangers, there has never been a trade, the trading volume on the platform is only done by the bot. to attract people to make a deposit and in the end cannot withdraw
so we have to choose reputable exchangers .that is why our research and observation become so important for us to avoid scam projects or even exchanges.we have many ways to identify this fake exchanges. 
With the increasing number of exchanges that arise, of course, requires us to be extra careful in choosing their services. It would be better if we continue to use exchanges that have been proven to be honest and trustworthy rather than choosing something new that will not necessarily have better quality than the existing exchanges.
there are too many exchangers, and many of them are fake exchangers, there has never been a trade, the trading volume on the platform is only done by the bot. to attract people to make a deposit and in the end cannot withdraw
i think new exchange is good for crypto development,but too much is not good.
people will confuse to choose which exchange are really good, but no rules for that, all people can make exchange.
people will confuse to choose which exchange are really good, but no rules for that, all people can make exchange.
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