Topic: Why do we need so many cryptocurrency exchanges? - page 9. (Read 12686 times)
I think we have enough exchange already! The crypto market doesn't need any new exchange but if Decentralized exchange comes then we may welcome them! Otherwise, we have plenty of exchanges and a lot of exchange hasn't enough volume. Sad but true that people are very greedy now, they are bringing exchange base ICO as its previous successful ratio pretty good! But yet we have enough exchanges!
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 we already have so many exchange platform and we don't really need new ones unless they can provide us something new and more secure system.We already have plenty of well known exchanges that has been with us for so long so why would we need a new one if they couldn't give us something different from the old ones.
Yeah, it won't make sense for now if we welcome another exchange cause we have already and speaking of reputable one, have its numbers also. They'll only have to sustain their good service or even more to attract more traders to use 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?
I think we already have so many exchange platform and we don't really need new ones unless they can provide us something new and more secure system.We already have plenty of well known exchanges that has been with us for so long so why would we need a new one if they couldn't give us something different from the old ones.
Why not, you know there is a lot of exchange but still, you are going to use them. of course there are a lot of pros and cons to this. like we know it can devide the potential users and at the end they can even make them leave the network but on the other hand because of these exchanges we can observer different prices at multiple exchanges, which can cause better profits.
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.What do you mean? How can all exchanges have better fees and faster platforms lol? I don't think you even read what I said. Exchanges just like everything else compete with each other. I don't care if there are 1 million exchanges, people will still pick the best ones so in order for exchanges to work they have to offer something new or better. Decentralized exchanges still have a lot to improve.
Decentralized exchanges are for future state glows. But even they have their differences. As said, there may be a million exchanges but only the best ones will be used.
Decentralized exchanges are great for exchanging but you can't trade on them, they are too slow, too clunky and they offer 0 customer support in the way that if you fuck up something, they will not help you, they can't. I can't imagine someone who wants to trade with 10m $ using a decentralized exchange where 1 click can make you lose hundreds of thousands of dollars, it's simply never going to happen. When decentralized exchanges are as fast as normal ones, a lot more people will use them.
We've got more than 2000 cryptocurrencies on the CMC. Among this very few have got good trading volume and has got listed to large number of exchanges. Also the existence of more and more cryptocurrency follows, and for the same we're in need of more exchanges. Even now we've got large number of exchanges while a few function perfectly and holds good trading volume.
Exchange for virtual currency is like a bank for Fiat. There are not many of them. If there is demand in this, then there is competition among them. And while for a simple user it is easier to pick the right exchange.
Yep, because crypto market has demand for using exchange, hence it comes with not surprise when our market surrounds with a vast number of exchanges. Especially, as we all know that each exchange remains its own function. Probably we have seen many different types of exchanges, and that is kind of difficult for one to choose a reasonable exchange. Obviously, the number of exchanges is becoming increase every single day, it's a clear sign of competitiveness. If an exchange is created with a more dorminant function, definitely it attracts much attention of people. But as you can see, it's pretty hard to create a renow exchange which can please people quickly. 
Exchange for virtual currency is like a bank for Fiat. There are not many of them. If there is demand in this, then there is competition among them. And while for a simple user it is easier to pick the right exchange.
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?
While those upcoming exchanges should put emphasis on gaining trust to attract potential 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?
Because cryptocurrency exchanges is a profitable business. Do you know how big is the profit for an exchange? It's really big, that's why there are so many exchanges.Mostly new exchange will be hard to get users but once it operate and giving some promotions it will slowly used by other traders.
Exchanges are needed so people would have the freedom to choose which platform caters to their taste. Many exchange would also make crypto more reachable for the people who are new in this space.
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.What do you mean? How can all exchanges have better fees and faster platforms lol? I don't think you even read what I said. Exchanges just like everything else compete with each other. I don't care if there are 1 million exchanges, people will still pick the best ones so in order for exchanges to work they have to offer something new or better. Decentralized exchanges still have a lot to improve.
Decentralized exchanges are for future state glows. But even they have their differences. As said, there may be a million exchanges but only the best ones will be used.
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.What do you mean? How can all exchanges have better fees and faster platforms lol? I don't think you even read what I said. Exchanges just like everything else compete with each other. I don't care if there are 1 million exchanges, people will still pick the best ones so in order for exchanges to work they have to offer something new or better. Decentralized exchanges still have a lot to improve.
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
When an exchange gets hacked the others that haven't got hacked aren't less vulnerable either. If their cryptocurrency gets stolen there's barely a negative effect on the price. We don't need so much exchanges anyway and some people use it, but i think we need more bigger and trusted exchanges and not only one because if there is monopol there is not ok at all.
To have more bigger and trusted exchanges it starts with having more new exchanges. Eventually a few of those exchanges will get big and become trusted by many traders. I have a question WHY do we need so many exchanges?
..we don't need a lot of exchange..its just so happen that many crypto enthusiast put up an exchange in order for other crypto users to use and patronize those exchange which are easy to use and very accomodating in their users..it's like a business,,chose whom you like..chose an exchange which has low transaction fees and very easy to contact admin whenever you have querries or problems in your coins..
We don't need so much exchanges anyway and some people use it, but i think we need more bigger and trusted exchanges and not only one because if there is monopol there is not ok at all.
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?
We don`t we need 1 built into the bitcoin core.
The thing is one or two exchanges will never list all the 1000s of Alt coins that are out there at the moment. Some developers of these Alt coins need to get their coins out there and creating an exchange is the most logical route, if you cannot pay the fees to get your coins listed on the major exchanges. 
Exchanges are making a lot of money from listing coins and also the transaction fees that are charged on their platform, so people will logically create more of these services if there are a huge demand for such services.
Exchanges are making a lot of money from listing coins and also the transaction fees that are charged on their platform, so people will logically create more of these services if there are a huge demand for such services.
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?
It is a freedom we all have. If you want to open a new Exchange you can. But in this case, you need to understand that you must be better than the others if you want to make money. That is, we have many Exchanges because each of them has its differential, that is, an open market. And this is great for the user because it causes a competition between them, reducing rates in a general way.
Not with me, crypto is indeed a lot but it doesn't need too many exchanges to list all crypto. Many exchanges appear every year, but are they all useful? New exchanges were created to add to the shortcomings of the old exchanges, but if the old exchanges were still able to grow better then we did not need new exchanges.
Most new exchanges that appear to be just junk, people will still see more popular exchanges such as binance, bittrex, etc.
Most new exchanges that appear to be just junk, people will still see more popular exchanges such as binance, bittrex, etc.
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