Topic: Why new crypto exchanges fails to grow ? (Read 352 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.

Many exchanges have scammed people as they have taken away their money and closed or said that their wallets had being compromised etc because of which people now only trust the existing exchanges which is their from long time and they have faced no issues or minimal and are happy to stay with them rather than try anything new and worry later.

Agreed but there are several reasons why crypto is being banned.  Crypto is non taxable and there is a huge risk of money laundering through it , countries are taking some time to develop policies regarding it and they also needs to preserve their existing financial system. Keeping KYC mandatory actually eliminates the risk of money laundering to some extent.  
Exchanges now a days have some flaws, if investors gets an exchange which makes their trading easy and exciting, they will automatically go there.

World´s pool of fools starts to run empty.

at present some new exchangers are not growing due to several factors, among these factors which make them less developed are the prices of their falling tokens and their low security exchanger systems. so that raises doubts.

I agree, these are all valid explanations. However, in my opinion is that there are too many products/ICOs with projects better than the proposed ones and it is this competition that leaves all the other ones behind. Plus, having raised money as part of pre-token sale is also relevant.

Some would say KYC verification is crap but you are also correct at your own stand that it is necessary for security issues but as per what I have heard till date is that some of the countries have already banned the use of cryptocurrencies and obviously there are people from those countries who are still trading using other trading platforms which don't require KYC verifications and wouldn't the people of such countries be excluded from trading at platforms having KYC necessary?
Second, maybe because of trust issues, C'mon people would avoid trading on a completely new platform when there are some old existing platforms which are trusted like Binance and many more such platforms.

keeping KYC mandatory is necessary as security is our main concern, moreover we are coming up with our own utility token, we are not using any bot to increase the group count, focused on organic growth and covering the problem areas which investors are facing on other exchange.

As what I can say about this new crypto currency which fails to grow due to the lack of investors because this certain new currency has no impact in our daily life or in our daily job that's the reason why this new crypto currency will never gain supporters and investors which is very essential in order to grow in the crypto currency market.

BECAUSE CRYPTO IS A SCAM --> https://bitcointalksearch.org/topic/bitcoin-is-about-to-collapse-this-week-5059138

What are the advantages of this exchange on why people should use your platform instead of the existing one? And according to your FAQ, no one can trade on your platform without a KYC verification which is crap.
I'll rather stick to binance which is known for its security and especially for its KYC verification requirements which only needed when someone wants to withdraw >2 BTC and can use its platform without KYC full verifications.

You should rename this post because it just looks like absorb of advert to me. And beside your stated problem that affect exchanges are superficial you avoided the main problem of exchanges which is security alot of exchanges has suffered in the hands of hackers and fraudster and made a way with company and clients funds some exchanges dont even give compensation to client

Low trading fee, Multilayer security, Liquidity, Multiple language support, Reliable and transparent, Smooth user interface, Fast track verification, Advance reporting, Buy and sell securely, isn't that great if a single exchange comes up with all these features. Proassetz is a solid project which is intended to ease the trading experience of investor. looking for decentralised exchange, we are coming up with a hybrid one.Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.
High graded trade engine and optimised platform for the connection between traders and trading, visit us and feel the difference.

I thought you are here to share your ideas on how new born crypto exchange can grow or maybe share reasons why crypto exchange fails based on experince but it looks like you are more on promoting your new crypto exchange Proassetz Exchange. What makes Proassetz Exchange different from existing crypto exchang and whats in it for us if we sign up with Proassetz Exchange.

For you information bounty hunters are a necessary evil. Besides advertising for some tokens, they help in the liquidity of the token once it hits the market. just imagine if all investors wait to hold the token waiting for it's price to rise, the token would not get the required daily trade volume which is needed for the token to get listed on other bigger exchanges.

The problem is that most tokens are shitcoins with no viable product, hence it's the reason some people want to sell it off quick once it hit's the exchange

we take the example for one ico or token that has just been released in the market. most of the holders of tokens are from bounty hunters, and they all sell all and do dumps. after that no one else buys so that the new coin is difficult to rise.

2018 been rough for crypto exchanges as a whole, with lots of exchanges shuts down and general interest in the sphere gradually declining. However, there are a number of projects that keeps hitting the market but didn’t perform well. Every exchange wants to adopt the pace of Binance but unfortunately ends up being low. Here are some of the reasons why new exchanges face downfall:

· Some cannot execute on their product vision and purpose.

· Some never release a real product to the market.

· Some do release a product, but never find a product-market fit. They release a product that there’s no need for, a product that solves a problem that nobody has.

· Some may release a great product but they do it too late and a competitor eats their lunch.

· Some fail as nobody ever hears about them due to the company ignoring sales and marketing.

Moreover, the unfavorable market conditions worsen their adaptation. We are also coming up with a solid project that aims at the problems which investors are facing while trading on exchanges.

Proassetz is a Crypto to crypto exchange with additional features of trading. Incorporated in Europe.

High graded trade engine and optimised platform for the connection between traders and trading. we are about to launch and we will float hybrid exchange.

Do review us and give your valuable suggestions.