Topic: Why do we need so many cryptocurrency exchanges? - page 10. (Read 12686 times)
Only for profit that will gain by the creator, actually we only need one exchange it's possible because it can manage every user. Instead we have many exchange and the most possibilities the security exchange is very reluctant to hack and if that happened then we can see what will happen from the perspective by other people to cryptocurrency. The will spread up the negative information and even encourage lots of people to avoid it. Maybe the local exchange is so important so as we will easily change our money to money fiat.
In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
For obvious reasons, this is business so they want to make money out of the crypto hype that's why there are lots of exchanges being born and will be born in the next couple of months. At least there are competitions around and if those who are on top wanted to remain their, then they have to give us more transparency and security. While those upcoming exchanges should put emphasis on gaining trust to attract potential users.
it is like asking "why do we need so many brands of shoes, why not have only Nike for example!". that is how the businesses in an open market work. everyone can make a new business and invite people to use their services. that is what leads to multiple exchanges existing. and like any business some of them can only truly succeed and the rest remain small. of course this market is quite wild and with all these hacks and exchange scams the successful ones keep on changing so there is always room for the small ones to become big and replace the old big ones.
there is also the difference in their services. for example the big ones enforce KYC while the small ones don't so they still retain their attractiveness. there is also different types like altcoin exchanges versus bitcoin exchanges, or centralized versus decentralized exchanges.
there is also the difference in their services. for example the big ones enforce KYC while the small ones don't so they still retain their attractiveness. there is also different types like altcoin exchanges versus bitcoin exchanges, or centralized versus decentralized exchanges.
How many brokers for classic assets are out there? Thousands, why? Well, just like everything else, why are there a ton of different websites to buy the same things? To sell the same things? etc etc. That's how it works, ultimately the ones who are serious about it will try to offers something better, whether it's regulations, better fees, faster platform, more detailed charts, more trading options, margin trading, etc etc. We do in fact need more cryptocurrency exchanges, hopefully decentralized ones as well.
Thats why every exchange site has its advantages, as you said that they are competing to provide and offer the best facilities for their customers, and of course the most useful and best innovation, will be used by many customers. Exchange sites that don't have much innovation will certainly be abandoned. thats how it workswhy many new exchange sites? because they think they can offer the latest technology, better than the previous exchange, that's what they offer to attrach people.
We don't need too many exchanges, we only need few with good reputation and got a decent transaction fee, most of the exchanges got a fragile security and once it got hacked the price of the coin could be affected, but I think we need to open our hands to a new exchanges and give opportunity for the new exchanges to prove itself
Even though these trusted and reputation exchanges isn't safe from being intruded by security breachers. How much more with those other unknown and newly launched trading sites. We shouldn't trust them seriously, because we're a potential victim once we're having engagement on them. Personally being a holder of selected crypto coins, I preferred storing my funds on my metamask wallet so that it's free from possible hacking attacks. Always rely on actual trading demand and don't expect that you can grow the value of your coin through many exchanges offering new trading services. Prevent storing funds on trading site, and trade only what you need to dump.
We don't need too many exchanges, we only need few with good reputation and got a decent transaction fee, most of the exchanges got a fragile security and once it got hacked the price of the coin could be affected, but I think we need to open our hands to a new exchanges and give opportunity for the new exchanges to prove itself
In my opinion, we need more exchanges because of liquidity. The more exchange of coins/token the more it will liquidate because the coins/token are quickly bought and sold in many exchange without affecting its stability of price.
In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
I think having more exchanges works to our advantage. Competition between exchanges can bring cheaper fees and better overall service. Newer exchanges have to think of new ideas to be a better exchange or have gimmicks that could attract more clients. If they do not adopt with the competition, they will die. We do not have the need for it but isn't it just good that we have choices.
Well more exchanges are needed to absorb the growing numbers of cryptocurrencies users although this new exchanges has to trusted and well secured.
Recalled sometimes in 2017 binance has to reject new investors for some period because of the numbers of new users was very alarming thereafter newbies are allowed to register again we just needed few additions to encourage competitions among them.
Recalled sometimes in 2017 binance has to reject new investors for some period because of the numbers of new users was very alarming thereafter newbies are allowed to register again we just needed few additions to encourage competitions among them.
We don't need too many exchanges, we only need few with good reputation and got a decent transaction fee, most of the exchanges got a fragile security and once it got hacked the price of the coin could be affected, but I think we need to open our hands to a new exchanges and give opportunity for the new exchanges to prove itself
I don't think we need as many cryptocurrency exchanges that are being developed hastily into the crypto industry making them so vulnerable to the attack of users. It's good if we can have some few hgihly secured exchanges other than all these numerous ones yet we get hacked almost every month making users lose money.
We need so many exchanges because we will see the differences in the price in the different exchanges so we can make more money by doing arbitrage trading although it is not always suggested because we cannot predict how long the transaction will be completed.
The new exchange will be able to attract potential users when they can give protection to the user, and they can serve better than the other exchange so the user can feel satisfied with their services.
That will make the user recommend their friends to try to use that new exchanges and soon, the new exchange will gain more users.
The new exchange will be able to attract potential users when they can give protection to the user, and they can serve better than the other exchange so the user can feel satisfied with their services.
That will make the user recommend their friends to try to use that new exchanges and soon, the new exchange will gain more users.
In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
The reason for this I think is the diversity of investors to choose in which exchange they are comfortable of trading. The existence of many exchanges do favor investors and will create competitions in the market.
actually we don't need a lot of exchange. important points of exchange are security and exchange services must be maximal.
then. exchanges must to maintain quality and always create innovation. I see that Binance has a very perfect character. new exchanges are difficult to predict. I'm worried like LCCX exchanges. very bad and doesn't have good progress. so I don't recommend new exchanges.
then. exchanges must to maintain quality and always create innovation. I see that Binance has a very perfect character. new exchanges are difficult to predict. I'm worried like LCCX exchanges. very bad and doesn't have good progress. so I don't recommend new exchanges.
Just like selling goods, why there are too many stores now. Here is what I have understood why there are too many crypto exchanges emerging it is almost every month. Because that is the good business though to have an exchange. I think it would you be nice if we have a lot of cryptos exchange out there to have a high-quality competitive service to everyone which gives good service among them all. We have different choices and we can compare them to each other which one is reliable service.
I see that exchange now prioritizes personal gain. not to provide benefits to users. finally. exchanges only harm the user and the exchange does not last long. exchange purpose is for making users comfortable. I think, Beaxy is an exchange that will compete with big exchanges like Binance. and that can be your choice.
Since You advertise this exchange,tell us how it differs from all the others? In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
The crypto ecosystem is currently a good space for investors and developers to make or earn a good amount of profits from any thing they can introduced into this ecosystem to either promote this space or bridge some gaps seen in this space. Currently in the crypto space, exchange platforms act as the banks for cryptocurrencies which allows crypto users to easily change their crypto coins for other coins. Since developers realized that exchange platforms serve as the direct medium between sellers and buys, other developers started build such platforms as a means of obtaining some amount of profits from the fees charged on their platform.
In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
oh yeah don't forget the security issue, for me an exchange that has good security services is a top priority.
Actually the more trading site then market will grow base in that and we really have many here because we have also many developer so that's different people who run their site here then if this turn popular of course they will earn big like business only
So we can't control this then better to look at the worth of many different trading site here like we can invest in many alts/tokens so we can earn in different ways then we can spread our investment so that's for our own good like we can use different strategy also
So we can't control this then better to look at the worth of many different trading site here like we can invest in many alts/tokens so we can earn in different ways then we can spread our investment so that's for our own good like we can use different strategy also
I see that exchange now prioritizes personal gain. not to provide benefits to users. finally. exchanges only harm the user and the exchange does not last long. exchange purpose is for making users comfortable. I think, Beaxy is an exchange that will compete with big exchanges like Binance. and that can be your choice.
Every exchange has a specific function. They have differences but they offer the same service. There are just some exchanges which are not trusted and fails when it comes to services that they offer. I guess these exchanges must be elliminated out of the market.
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