Too many new Exchanges - page 27. | Bitcointalksearch.org

alfs75

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

Definetly its true thats there's so many exchange trading now,because its the part of competition being a decentalized market,however being a part of cryptocurrency world we need to have an exchange thats easily to understand in making transaction,low processing fee,easily to making a trading investment and lastly a exchange trading thats can be user friendly and have a hacking or scamming protection shield in order to make our account secure from all harm.

mybtcasset

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in the crypto market ecosystem all are profitable starting a coin or exchange or running a news website all areas keep developing

Firefox07

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Yes, there are so many exchanges. But not all of them are trusted. So as of now i don't trade on that new exchanges. Because i think it is risky.

rugrats

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Quote from: m_f_o_c on July 27, 2018, 05:50:53 PM

I think that we should not care that there are so many crypto-exchange exchanges. I believe that you need to use the already created exchanges and improve them and do not pay attention to all the others.

Yes, it can be distracting with all the new exchanges but to be safe I'd stick to one which I know of and which works well for me rather than experiment with the new ones, unless they're 10x better than pre-existing ones.

mega

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As we know crypto market is growing other hand exchanges are also expanding,So choose wisely your exchanges because your funds matters and hackers are active to attack the exchanges. Okex,Bittrex,Gate i.o are beat exchanges with user friendly interface,Use high security tools like 2fa to secure the funds.

m_f_o_c

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I think that we should not care that there are so many crypto-exchange exchanges. I believe that you need to use the already created exchanges and improve them and do not pay attention to all the others.

idythef

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hi. Cannot agree with the word 'too' here...As the whole industry is getting bigger and bigger and more and more people are getting interested in buying/selling coins, there's a necessity to set up new projects, exchanges and services (like e.g. bitwinex service) every day.

googs84

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

Well we can not stop shops from forming everyday and no matter what, there will be new one opening everyday. You can not stop this process because you or me is not the deciding factor here. In addition to this, the market is blessed with decentralised or open source platform where anyone with basic knowledge can code their own exchanger. So its like most easiest stuff plus you get huge profits from the investors of it as well as users of it. Wink

So you see now you can get the idea why there are so many exchangers out there. Also its good for the market because it gives us big foundation for trading and thus money flows in easily.

baundul

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The more the world is progressing we are going to become more digital. As a result, we started the crypt transaction to forget the stock market. The crypt market is profitable and the exchange market is very profitable. This is our daily necessity like food. It is profitable and necessary that the entrepreneur and investor have fallen on it. The new exchange in the Competition market has brought many innovations and security to survive.

audaciousbeing

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

There is nothing in the number of exchange sites wee have currently. The only concern is to be sure that they are not out to scam people. The market is a large one and those tier 1 exchange sites can be said to have reached their capacity and that is why they are in one way or the other lacking in meeting clients expectations. They tend to treat people as if they are begging to them to make money for them.

Again, in the traditional world, we have several banks with each also having different branches which most times are built beside each for some advantages though and they don't have problem with each other because the market is enough for each and everybody to feature and attract customers. There is need for more dilution of the market so that when one of the exchange sites go down, it effect is not obvious in the crypto market.

trumper

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Happily those exchanges have no very large volume as there are already popular exchanges like binance otherwise they will be another disaster as they probably have no enough experience in the industry.

Nisharawal

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

Your thoughts are right but i personally think that people don't like to trade the decentralized things in the centralized manner and they don't like to use the huge time taken for the KYC process as they fear to give out their personal information because crypto traders like to trade the cryptocurrency in anonymous mode and this is the reason there are tons of exchanges are opened recently and mostly are decentralized ones like Etherdelta which love to use as there is no registration or KYC needed for trading and even i like it.

Gaaara

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

There is no way that exchanges can be manages by us, the internet is widely spreading and now with altcoins being known all over the world more exchanges are more likely to come as it is a high profitable site having an idea to not create one is unreasonable, the thing is we cannot prohibit others from creating one the only thing we can do is give our full support to our trusted exchanges so that the exchange will have a good feedback and so traders will rely on that feedback then use it instead of using a new ones.

ubercool

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Most of them have fake volume, We have already seen many articles on this, how they are manipulating and changing their rankings on coinmarketcap. I dont trust these new exchanges and their tokens. Some of them just sell their tokens and ran away.

mk4

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Like you've said, having many exchanges are good for better competition. Lots of exchanges are being opened due to a lot of money can be potentially made (look at Binance, suddenly a giant) and there's probably nothing we can do about it, unless some strict regulations come.

I personally think it's fine having lots of exchanges, as lots of coins and tokens are also coming out(though it's debatable if this is a good thing or not).

cyberlilith

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

Yup, there is too many exchanges now specially DEX. Back in the days you will only have to choose from c-cex, bittrex or poloniex.

Exchange overload now!

carlisle1

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

Its every investors prerogative on where to exchanges their token or coins and we have no issue on that,the problem is those scam exchangers in which this sites are vulnerable to hackers and if the Inside job happens the investors for sure will become a victim again

Mia_pikachu

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Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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 I do not really think about making a new exchange, and right now there are a lot of new ICO projects that have created Exchange-smelling coins, with new Exchange, I think it's a nice addition, so merchants will have many options, they think Exchange has better and better security, and of course will be able to give them comfort and profit in trading.

DarkIT

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Quote from: duyduc256 on July 27, 2018, 05:41:40 AM

Quote from: Shazxdx on July 26, 2018, 11:29:43 PM

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.

A lot of new exchanges have taken place and most have come from ICO projects. I think when the demand for investment is high, they will choose new exchanges with great potential for investment. However, the more you trade, the more scams you will get because new investors are more likely to make mistakes. We should be more careful and make a wise choice

well, so many companies who want to make a market because the profit of making a market that will be very much. but, of course it requires huge funds and great competition from other markets. besides, it has always been a huge risk by hacker attacks.

fudster

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There are lots of exchanges and there are also lots of tokens created almost everyday. Some of these tokens are not listed to some exchanges and they need to be listed which I guess these newly created exchanges will serve its purpose. There are tokens I like to buy but I can only find it on forkdelta and etherdelta, some people by the way don't like these two for some reasons. But if some excanges listed the tokens I will consider going there. I have even tried liqui last year.

Topic: Too many new Exchanges - page 27. (Read 4371 times)