Hello guys
I recently checked the top 30 coins listed on coinmarketcap and I came to a (rather scary) conclusion. Nearly all of them are listed on Poloniex. All of them with staggering growths. Huge amounts of tradings happen on Poloniex. According to coinmarketcap more than 30 percent of Bitcoin traffic goes trough Poloniex. Siacoin 55 percent. Stratis 62 percent. These are numbers we should not be happy about. Whole the idea of blockchain is decentralisation, yet nearly all traffic goes trough one channel -Poloniex-. The great bitcoin Bubble happened because of the downfall of one trading-platform. One of the biggest at the time. I think it would be of great importance that trading not only relies on one or two platforms. Imagine the idea of a Poloniex fall-out. More trading-platforms are a necessity if we like to have a stable and safer bitcoin/altcoin market. What are your thoughts or ideas about this?
It is always happen that. Is like you throw and snowball down the hill. it will get only bigger and bigger till it will explode.
Polo is trying hard to be smaller. They delis 10+ coins every 2-3 months. I expect that trend will continue. Many other exchanges stayed only at BTC and only recently started adding others. they stayed way behind
