Why do we need so many cryptocurrency exchanges? - page 11.

Nolimitz84

sr. member

Activity: 980

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Quote from: xvids on May 13, 2019, 05:17:45 PM

Not all of the alt-coin could be listed on one exchange so for me it is enough reason to have other exchange.
One exchange couldn't provide for everyone and they all have different rules.
And of course it would be real hassle if we only have one exchange and they would go to a maintenance or be hack.

No one says that there should be 1 exchange.The question is why do they create them almost every day?

Nolimitz84

sr. member

Activity: 980

Merit: 252

Quote from: XinXan on May 13, 2019, 04:06:58 PM

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.

I think all these features (except margin trading) are available on any exchange.I also give an advantage to decentralized exchanges,but in addition to + they have negative sides.

xvids

sr. member

Activity: 1176

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Not all of the alt-coin could be listed on one exchange so for me it is enough reason to have other exchange.
One exchange couldn't provide for everyone and they all have different rules.
And of course it would be real hassle if we only have one exchange and they would go to a maintenance or be hack.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: Nolimitz84 on May 13, 2019, 03:35:51 PM

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?

Each exchange has different characteristics and even the difference is usually whether the exchange can withdraw to a local account in a country. each country usually has its own exchange service. each exchange will compete to provide the best service, each exchange has a different feature and it is usually also that costs will be things that will attract customers. oh yeah don't forget the security issue, for me an exchange that has good security services is a top priority.

muratsink

sr. member

Activity: 1330

Merit: 256

1. Exchange is created to benefit from every transaction and from every coin registration activity.
2. exchange is used to compare each coin price.
3. for long and short trades.
but, an exchange that does not innovate will lose and die. for the new exchange, I recommend you to choose BCNEX. You can see the progress of BCNEX on his website.

Astvile

sr. member

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Actually we dont really need more exchange dude,but making an exchange is an business which can earn you tons of money so company are building exchange in order to earn money from it.Business is everything man

Genemind

sr. member

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Crypto exchanges are necessary but having too much isn't needed. There are just new existing and new exchanges being launched for their own purposes. They're competing for a higher rate which they make as a business. Exchanges wouldn't exist if they aren't earning through it. Instead of being confused, we must be wise upon choosing an exchange.

ljane

full member

Activity: 467

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Although there is the emergence and creation of so many coins in the cryptospace but there was limited exchanges for people to trade their currencies. For me in particular although since so many exchanges were launched it has increased scamming activities but I think the exchanges are good . In no time it will be more that we won't even know which one to trade our coin.

Slow death

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Nolimitz84 on May 13, 2019, 03:35:51 PM

I have a question WHY do we need so many exchanges?

where there is competition, there is a possibility that quality will be higher and rates will be more competitive. but unfortunately in the case of exchanges the situation only becomes more pessimistic. it seems that the new exchanges follow the example of yobit

Quote from: Nolimitz84 on May 13, 2019, 03:35:51 PM

What do You think the new exchange will be able to attract potential users?

most of the new exchanges are created by people who seem to lack planning and disorganization. for example, it is known that many exchanges provide poor service to the support, why the hell anyone knowing that there are already many exchages to provide poor services to the support will create a new exchange to provide poor service to the support? the owners of these exchanges only think of making money for themselves and do not bother to provide good services

XinXan

hero member

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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.

o_e_l_e_o

legendary

Activity: 2268

Merit: 18771

We don't.

Every new exchange has one ultimate goal in mind - make some money for the creators. Some try to do that legitimately, but unfortunately the vast majority resort to shady and unscrupulous activities and behavior to do so, be that faking their volumes, faking their trades, insider trading, pumping and dumping, exit scamming, selling your data, the list goes on. "Launching a new exchange" and IEOs seem to have partly replaced "launching a new token" and ICOs as the fastest and easiest way for scammers to lure in unsuspecting newbies.

For your own safety, you should be sticking to the large, reputable, and well known exchanges, although even then your safety isn't guaranteed.

Nolimitz84

sr. member

Activity: 980

Merit: 252

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?

Topic: Why do we need so many cryptocurrency exchanges? - page 11. (Read 12686 times)