Topic: Why new crypto exchanges fails to grow ? (Read 372 times)

To be more direct,someone cannot give out what he doesn't have,meaning some new exchange are managed by incompetent and inexperienced developers.Some of the developers are faceless to the extent that they can't do any form of marketing and interview that require their presence.The question is,how can people trust them?
How can a greater number of people invest on a project without any one to hold accountable?
Some new exchanges don't have expert that checkmate and  evaluate coins/tokens to be listed,and this has resulted in their gullible traders loosing huge amount of money.
On the other hand, many new exchanges dont  have support system that solve problems when the need arises ,and the many  traders are not comfortable with this situation.We have seen cases where traders loose fund,and the support don't respond to ticket being submitted for months.
Many new exchanges are not unique ,meaning they have failed to integrate user friendly  exceptional trading features that will attract traders.To make the matter worse,some of the websites of the new exchanges tend to experience network deadlock once there is a greater number of traders login on their websites ,and this normally frustrate traders.Due to poor security measure ,some new exchanges takes days to send the coins/tokens you withdraw,and if you have another coin to buy ,you won't because the new exchange has single handedly thwarted your effort.

which is a problem where exchanges sometimes do price cheats sometimes are different or hacked so that it is detrimental to traders, this makes crypto interest decrease because it is considered risky

When we do look at on how many exchangers as of now we would able to say that this is somehow saturated market.We don't need more of it
since we had already enough and normally people would stick out to the popular ones rather than on using a newly created exchange.Reputation cant
be built overnight.

An exchange with no or improper homework will fail. But then there will be good projects also. I believe the most import part for any exchange is liquidity and that can be achieved through incentives, bounties and airdrops. But still alot of time would be needed to gain the trust of the community.

This is because the industry is already saturated with more than enough cryptoexchanges. The more established ones already own and control the market with so much trust and acceptance by hundreds of thousands of traders. The newer or upcoming exchanges aren't offering anything different or at least introducing more revolutionary and adoptable features, which certainly would have given them an edge. Unfortunately, this isn't the case and as such, it is completely impossible for them to grow or displace the more established exchanges.

Based on blockchain technology, ProAssetz offers a premium Hybrid Exchange that incorporates a decentralized ledger within its proprietary centralized platform bringing large scale crypto trading to a level of quality and transparency that would definitely ease your trading experience

Nice but crude attempt at promoting your exchange. Here's me thinking you were actually pointing out why crypto exchanges do fail. But it ended with an introduction of your exchange. My question to you is this, whey should trust your exchange over the more established ones like Binance, Bittrex, Cryptopia, etc, especially in these times when there are a lot of scam exchanges in the space?

There are many exchanges.Big ones, small ones, centralised ones , decentralised ones, hybrid ones...You have to have tens of accounts in tens of different exchanges.This is a burden.People likes easy.Having to use one exchange for just a coin is a burden.I would rather sell and go.If something makes you think this is hard, that won't attract other people too.Most of the little exchanges work for bounty hunters any way.

Nice but crude attempt at promoting your exchange. Here's me thinking you were actually pointing out why crypto exchanges do fail. But it ended with an introduction of your exchange. My question to you is this, whey should trust your exchange over the more established ones like Binance, Bittrex, Cryptopia, etc, especially in these times when there are a lot of scam exchanges in the space?

not all are caused by bounty hunters, the first allocations given to bounty hunters are very few and can be due to investors because they have more tokens. the second bounty hunter is not that easy to sell because they also work if they trust the project or lag behind the first listing then they will hold tokens

It is because of the current market situation that we experience in the meanwhile. But, most exchanges might be resulting from unliquidified exchange condition where people or crypto users are not flexible to manage their tokens at the first place.

Several factors play a part in this.

You said we should review Proassetz exchange but you failed to drop any details about it even the website of the exchange. As for me, am just reading about this platform and I need some tangible details about it and its operation.

I think that it is to lot of crypto exchanges on crypto market now. Thats why no one do not want a risk to participate in their ICO. Another reason - exchanges purpose the same features one by one. As a result - survive only biggest and well known exchanges.

Becouse of current market situation as rised money of ICO lose teir price and becouse of the same prices people dont invest money in crypto so new exchanges fail.

at this market right now very very difficult to analyze why volume on new exchanges small. it is small everywhere as you can see.

What are the special features you're talking about? I use CEX which also has low trading fees, strong security, and intuitive interface. It is a reliable and reputable exchange with many depositing options and fiat/crypto pairs support (https://cex.io/dash-eur). New exchanges suffer from low credibility – users are likely to stick to tried and tested platforms.

for my opinion, some project will do new exchanger because they wanted to scam the participants. i really dont trust new exchanger that import our private key. it so risky.

2018 has been a rough year and the entire crypto market has been one that have faced some serious difficulty and even the big exchange sites are feeling the heat but because they have grown so big to absorb the shock. For small exchange sites, aside from the unfavourable market environment, I think its lack of proper planning. A lot believes that the moment they launch the volume would be massive in a moment for them to cover their cost forgetting that it takes time to build the customer base. With the clients not forth coming and cost to maintain the platform accumulating they are faced with the option of either continue to incur loses till the nearest future or cut it by closing down.

World's pool of fools will never dry out, like this guy who ask in headline why crypto exchanges fails to grow and in meantime he promote his exchange. Why his exchange don't make a signature or some bounty campaign to promote themselves, not to attack others and to promote yourself like they are better than others.
Every service needs developing, security and supporters,  but in the end nothing can guarantee success, hard work and a lot of commitment is necessary, but in the end we all hope for the best and we don't know what future is bringing.
It's a big lie that new exchanges doesn't grow, look around, many new markets are around and most of them have good results even crypto prices are going down.