Every month many new exchange add in crytocurrency market. But some exchange is not good.
If you invest money in new exchange it's very risk
Topic: Too many new Exchanges - page 12. (Read 4352 times)
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.
I think there are more expected exchanges as the years passed by. I think they knew that new exchanges are based only on BTC. It had to be understand that new exchanges needs to be research in order to avoid risk trading. If we see proof that exchanges are existing, it must be sure that 80 percent of it probably to be in your possession.
Traders now are more matured so they will look for exchange that is reputable with a good liquidity as well so they can get
the best price in the market. It's a big business actually so there are lots of exchanges who try to get the success, just like Binance, they started small
and now they are already trading with $1 billion daily volume.
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.
I think there are more expected exchanges as the years passed by. I think they knew that new exchanges are based only on BTC. It had to be understand that new exchanges needs to be research in order to avoid risk trading. If we see proof that exchanges are existing, it must be sure that 80 percent of it probably to be in your possession.
Today we have many trading floors to meet the trading needs of investors, we always expect to have a good trading floor to meet our trading needs and safety criteria always. put on top
I'm just one of today's preferred exchangers today because of the many exchangers that dummy is most of the exchangers have no coin value.
I don't think there's problem with a lot of exchanges, at the end of the day the best one will have the most volume while the one that can't compete or have a bad development will get left behind. It's good to have a lot of exchange because they will compete with each other to bring traders and volume with lower fee or other event.
I think it's fine if there are many new exchanges so we can choose the exchanges that are suited for us to trade. besides that, I am sure that every exchange will compete with each other and they will give the best services to their customers. the cryptocurrency attracting many people which have a lot of money to make more money and one of the new ways is they can create a new exchange which can help them to make another profit from the crypto. with more exchanges release, this will help crypto to grow more and new people from around the world can join into the cryptocurrency too.
The fact the businesses are opening exchanges, it would already mean adoption. They are ready for the adoption and they believe there will be more trader in the future and with the growing number of exchanges,
it can easily accommodate us.
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.
If we consider the Initial Coin Offering markets, we can see most of the exchanges ICO projects there. It is actually good because they are the major platform to trade for our coins and it would be always great if there are a number of options. There already are some choosen ones who are really great and regulated ones which i and everyone prefers but we should also give try to the new ones. A new exchange named "Wazirx" too was launched some montha before and it is really going much smooth and easy to use. It is always better to have great options always. 
I think it's fine if there are many new exchanges so we can choose the exchanges that are suited for us to trade. besides that, I am sure that every exchange will compete with each other and they will give the best services to their customers. the cryptocurrency attracting many people which have a lot of money to make more money and one of the new ways is they can create a new exchange which can help them to make another profit from the crypto. with more exchanges release, this will help crypto to grow more and new people from around the world can join into the cryptocurrency too.
Their are quite a lot of exchanges and this seems to be like a competition between them and this is a good news for cryptocurrency and for users as fees are reduced and their are more volume
Actually, this is good for the crypto market. More exchanges mean more options to trade. But before the trade, you have to check and read some reviews about those exchanges.
The hacked platform is a constant threat to any trading platform. There is no guarantee that a trading floor will ever be hacked in the future. And the biggest loser in these cases is the trader who is depositing money on the floor. The allocation of funds in many trading floors will help you limit damage when the floor is hacked.
I don't want to use those new exchanges because I am worried about their security, I prefer to use the trading platform I trust and use often!
I also think like you, this is worrying.
The number of Exchange more than makes very difficult to control the quality, the market is divided into the sections other than the fraud also increased, the ICO project of poor quality will be more active in other ways
The number of Exchange more than makes very difficult to control the quality, the market is divided into the sections other than the fraud also increased, the ICO project of poor quality will be more active in other ways
It's not actually bothering, at the first place it's you who will choose where to trade so if you doesn't want to use new trading sites then fine. If you want to explore those new ones then you're free to try them all.
Having new trading sites will gives us more options and the older ones will think to lower their fees just to follow the trend. Any how, I don't mind the fees, as long the trading sites is safe and secured, I'm good with it.
There are so many exchangers today but I just choose enough exchangers that are good to secure my funds because the top 10 exchanges are my only exchanges.
I also see a lot of new exchanges and have advantages and disadvantages of the new exchange, but I think the causes of many new exchanges are because the many new cryptocurrency that have not been accepted on the exchange or not received on the exchange so many new exchanges can be made alternative places for accommodate new cryptocurrency.
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.
i notice it also and it keep growing there are more exchamge coming as there are ICO Exhanges still active. maybe programmer think that running an exchanges is more profitable than creating their own coins.Most of the new Exchanges which are created have come first with their ICO and then using their token they give transaction fees discount. After that lot of new ICO are coming which they need to list it freely so they find it good for this new exchanges, so user who are related to that ICO have to trade on that exchange. Right now as they are new they are going good but when the volume of business goes up then cannot tell how many will with stand and how many will run away as scammers.
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.
i notice it also and it keep growing there are more exchamge coming as there are ICO Exhanges still active. maybe programmer think that running an exchanges is more profitable than creating their own coins.
Certainly, we could not stop those exchanges that are coming - in. The more the exchanges the better because it gives us more option to trade our coin. Further, some exchanges differ their price per coin so maybe we could take advantage for this kind of system to gain more profit.
Exchanges designed with trust, security, good technology and ease of use is welcome. So long the exchange is set up to be legal, it is a welcome development. Another factor is cost of transaction. A good exchange should possess all the necessary good qualities. With many good exchanges, then there will be competition, which will reduce cost of transaction.
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