They make new crypto exchange because they want to make money. If there are ten food vendors at a spot and there are 100 people who want to purchase food, all the food vendors would be patronized.
We all have our reasons for choosing a particular exchange. Either because of their exchange rate, their not too complicated interface, their speed of transaction etc...
All exchange cannot offer the same thing that is why more keep coming.
Topic: Why make New Crypto Exchanges - page 3. (Read 920 times)
Why there is rain?
Why people buy expensive foods if they can eat the affordable one?
Why we sleep? And allow me to say this, why people need sex?
Because today is not the same as tomorrow.
Better opportunity now will fade tomorrow.
People wants another more beneficial.
People need more excitements.
Change is constant you cannot stop it.
Exchange creation is constant as long as people live and there is alts.
Why people buy expensive foods if they can eat the affordable one?
Why we sleep? And allow me to say this, why people need sex?
Because today is not the same as tomorrow.
Better opportunity now will fade tomorrow.
People wants another more beneficial.
People need more excitements.
Change is constant you cannot stop it.
Exchange creation is constant as long as people live and there is alts.
Exchange sites maintain the value of their currency on an exchange basis the reason for choosing new crypto exchanges is that they are much better than before. There is no hassle in transactions and the exchange is much faster. Participants exchange more due to lower fees. The more secure the site the higher the exchange rate on that site. even if the new site is listed New Crypto Exchanges takes a long time to get rich newer sites are more commonly used for token transactions.
Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
I think the reason why they create new crypto exchanges is to compete with other exchanges or worse use it to trick people. They create new exchanges because of sole reason and that is profit. If you notice there's no shitcoin lying on reputable exchanges like Binance, Coinbase, and more because they won't accept it and that will be the purpose of several newly created exchanges to be the dump station of these shitcoins. My claim is that not all newly created exchanges are like that, there are still few who are good to use. I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
There is a lot of crypto exchange in the crypto because the purpose of each team of the exchange is to make money but there is a lot of trading sites and only fee of them are very useful compared to the most of the exchanges who is useless.
Expect that the exchanges every month will grow due to the money they get once they a lot of traders who trqade to their sites because they have fees on every transaction we make.
Expect that the exchanges every month will grow due to the money they get once they a lot of traders who trqade to their sites because they have fees on every transaction we make.
I don't agree with the opinion of the opening post which argues that making new exchanges is not profitable, by increasing the price of
Bitcoin will increase the popularity of cryptocurrency, this means that a growing number of traders are looking for exchanges to trade.
So I think it's a good opportunity to make exchanges right now, what should be considered is how to promote these exchanges, and
new exchanges must also have features that other exchanges do not have, so get people interested in trying out these new exchanges.
Bitcoin will increase the popularity of cryptocurrency, this means that a growing number of traders are looking for exchanges to trade.
So I think it's a good opportunity to make exchanges right now, what should be considered is how to promote these exchanges, and
new exchanges must also have features that other exchanges do not have, so get people interested in trying out these new exchanges.
Are there businesses that cannot be improved? Is it fair to say that modern cryptocurrency exchanges are ideal?
I think no. Modern cryptocurrency exchanges have a lot of problems. Not everyone likes KYC and AML methods. There is not enough liquidity on modern exchanges. The support service is poor. Modern cryptocurrency exchanges are not secure enough - they can be hacked by hackers. Your funds can be stolen or frozen. I would like to start trading on a new platform without KYC and AML, with good liquidity and an excellent security system. I wanted such an exchange to have friendly support and an intuitive interface.
Maybe someone would like to create such a cryptocurrency exchange? I'm not against.
I think no. Modern cryptocurrency exchanges have a lot of problems. Not everyone likes KYC and AML methods. There is not enough liquidity on modern exchanges. The support service is poor. Modern cryptocurrency exchanges are not secure enough - they can be hacked by hackers. Your funds can be stolen or frozen. I would like to start trading on a new platform without KYC and AML, with good liquidity and an excellent security system. I wanted such an exchange to have friendly support and an intuitive interface.
Maybe someone would like to create such a cryptocurrency exchange? I'm not against.
True there are some major exchanges that are difficult to overcame due to their many positive aspects but there are a lot of bad inrs too, they have high fees and low volumes and they list a lot of bad tokens i think that new exchanges can be innovative in compared to some old ones.
Money.
One word only but it s very powerful right
. Powerful enough to change the world. Powerful enough to manipulate some things especially those rich people.
Well, this is the main and possibly only reason why there are some new exchanges right now.
One word only but it s very powerful right
. Powerful enough to change the world. Powerful enough to manipulate some things especially those rich people. Well, this is the main and possibly only reason why there are some new exchanges right now.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
Say it to the creator of Binance, Kraken, Okex, Kucoin and other popular exchanges out there. Tell to them that it is a waste of time. Am i wrong? Correct me if im wrong, willing to hear all your opinions.
What do you consider an insane idea? Everything is insane until we got use to it and its never insane anymore.
I would ave to believe creating new exchanges is necessary to cut monopoly after all cryptocurrency is still in the very early stage of its development. We are only less than 15 years. There is more to grow because there is less than 10% of the people on earn are using crypto/BTC.
Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
Sounds a bit strange)) 😁😁 In case everyone thought like you, we would not get the Binance or Coinbase some day. May be some service look like the same with nothing new to offer, but aafter some time it will surprise us with a high reputation, forr example. Or some coin may become really strong and profitable some day, but at the very beginning it looked like a shit coin. From the million of offers everyone will choose the best option. And it is not bad that we have such a variety. It is good because this creates the competitive area for participants. Without worst there will not be best.
Well, not all exchanges are the same. Those coming up seem to have better feature than the others. Except that, I think it's because there's a need for multiple exchange so you choose where to exchange your coins, I could prefer exchange B to exchange A because of the feature exchange A doesn't have, or because of the extra feature B has.
Do you know how much fees getting an exchange when listing new coin? They will be rich with listed coin on their exchange market and its why many people try to make an exchange, but before make an exchange they will give offer promotion by bounty campaign and running their exchange as ICO project with exchange coin, some time have exchange success and many exchange close because little participants of ICO project and they do not have enough money for listing their coin on other exchange, look binance always every day listed new coin and how much fee getting after coin dump they will delist and change with other new coin.
There is a motto, a saying or whatever, that in the age of gold in California those who became millionaires were those who sold picks and shovels.
That old analogy applies to your OP, in fact the launch in this new era of new projects or the so-called "entrepreneurs" · always start with innovative improvements in existing projects ... that leads me to tell you that perhaps the best exchange has not yet been created...
That old analogy applies to your OP, in fact the launch in this new era of new projects or the so-called "entrepreneurs" · always start with innovative improvements in existing projects ... that leads me to tell you that perhaps the best exchange has not yet been created...
If there is a successful job and make money, then people will imitate the business because they want to succeed from their predecessors.
It’s natural because of human nature. But it is not necessary we will succeed like those who have built the business first. But if we survive,
full of brilliant ideas, then it does not close the possibility that we will also succeed, even more, successful than them. Why not?
If we want to continue to develop our creative ideas, there will be a bright path there. As long as we really give the best server to the people.
Then everything will go well.
See Poloniex and Binance. Look at Reddcoin and Tron! It’s just an example.
It’s natural because of human nature. But it is not necessary we will succeed like those who have built the business first. But if we survive,
full of brilliant ideas, then it does not close the possibility that we will also succeed, even more, successful than them. Why not?
If we want to continue to develop our creative ideas, there will be a bright path there. As long as we really give the best server to the people.
Then everything will go well.
See Poloniex and Binance. Look at Reddcoin and Tron! It’s just an example.
Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
The reason why you always see new exchanges is because everyone wants to make money, and besides any new exchange could build a strong brand that can even challenge most of the top exchanges in terms of Liquidity, so don't think all new exchanges are shitty exchanges, although most of the new exchanges have nothing new to offer to the market, they are just there to scam investors and traders by creating fake volumes in order to gain the attention of traders, then later they close down and run away with the exchange money.
Do you need to even ask about this?
The motive is always about money. Every day people try out their luck with different venture with the hope that they could become viral or a hit and be very successful, so, the same applies to the creators of exchanges
The motive is always about money. Every day people try out their luck with different venture with the hope that they could become viral or a hit and be very successful, so, the same applies to the creators of exchanges
It as equal to asking why were over 6000 altcoins created when we already have Bitcoin for crypto? Please understand when a new exchange is developed they developer considering those factors which are lagging in order to provide those features in the new exchange like lesser charge, etc.
It's a dynamic domain which needs to improve as per the need of the hour
It's a dynamic domain which needs to improve as per the need of the hour
I think you have to ask some business owner or a crypto exchange owner if you can't fathom the idea of how businesses work. You see, if a certain places is having a business that is trendy to the people then there are chances that other business minded people will copy the business idea because it's on the trend. And you know what makes the trend so trendy? It's the demand of the people.
So if you are a business minded person or want to start a business, what would you do?
So if you are a business minded person or want to start a business, what would you do?
of course, put up your own business also. however, setting up a business is not for all people. theres more than meets the eyes here. building a legit business has a lot of paperworks to accomplish. but those fly-by-night businessman will not bother looking at paperworks.
competition is good in the market. the more you have options, the better. because if they are competing with each other, the tendency of offering quality services will be there. so up to the client how he will choose from them
so im ok with these sprouting new exchanges, in the end we will know which ones are worth dealing with
If somebody has means and desire to make a new exchange why not, but to make it work it needs a lot of money and effort and like you mentioned "some truly insane idea" to stand out from hunderds of them. I personally wouldn't go in such business now.
Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.
Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
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