Bitcoin Forum

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

that's true, even though at the time they were successful they had achieved a soft cap or hard cap, but until now some of the exchanges did not have rapid growth and could not compete with binance or other popular exchanges. now there are still many developers who are just starting their projects and will soon start ico in the near future, no matter what they think and it seems that this is only raising funds for their own future.

I honestly do not understand for what purpose we need such a number of exchanges. Especially now, when trading volumes are zero?

Seriously? You keep on whining about new exchangers being spawn the market? Don't compare new projects with already success one. These projects are proven to provide liquidity. What's the commotion about more exchanges? I think it's better so we can have diverse market, plus a place for hunter like us to trade our rewards. Instead of talking bad here about them, much better to focus on development not criticism.

Here there is a controversial issue. On the one hand, new exchanges are no longer needed, because they are already enough, and on the other hand they list those tokens that are not seen on other exchanges. In any case, competition plays into the hands of traders.

i like to see more than twenty much better exchanges like binance, huobi. already top 10 exchanges are very good and we need much more good exchanges. so much more chances to rapid growth of crypto. local exchanges are easy way to buy coins for local customers. so lot of new exchanges are trying to achieve a good position like binance . anyway its good for traders. as i remember we had bittrex and poloniex only as big exchanges in 2016

Yes, every day there are a lot of exchanges and many of them can be understood. They want to grab a piece of this pie called cryptocurrency. Yes, I agree on new exchanges there is no trading volume at all, or they are screwed up with bots. Most likely they are preparing for the next growth of Bitcoin, because then everything will remain with a very good profit.

The infrastructure for the use of cryptocurrency is developing for the future and this is very good. There are times when there were only a few exchanges and exchangers on the planet. Therefore, I do not see anything wrong with that. The more they will be, the more convenient it will be to use a cryptocurrency. In addition, competition between them will inevitably arise, it will mean that they will not dictate their terms to traders.

hard new axchange become to be binance or other because they have to promotion them anytime and any where, so need a time for that

I agree with you op. There are way too many exchanges these days and am seriously not interested in any of the new exchanges(Decentralized or not) since it does not matter too much when the market conditions are bad at the moment.

I strongly advise everyone to invest only into reputable exchanges like Binance, Bittrex etc since they have proved themselves over the years, but store your coins in a hardware wallet since online exchanges are prone to hacks no matter how good their security is.

I feel that many new exchanges will shut shop pretty quickly due to bad volumes, fraudulent owners etc which is why only the popular exchanges will continue to function in the long run.

there has been an increase in the number of exchanges but it is not as much as you claim it to be. and it is a good thing in my opinion because it creates a bigger competition among exchanges and prevents them from getting too cocky with themselves because they become big since there aren't that many alternatives. but when there are many alternatives the exchanges have to always stay on their toes and improve their services or be replaced. and that is good for the users.

This is obviously a very big good news. This shows that the cryptocurrency is being reorganized and it is possible to take off at any time. To know that the birth of the exchange is not blind, they predict the future of the market.

for the cryptocurrency exchange platform market, I think it's been controlled by big exchangers such as bittrex, binance, okex, kucoin and so on, but the majority of the platforms that have just launched they don't intend to compete with these big exchangers, they aim to provide developers with who just finished holding an ICO, this exchange business model is they charge fees to coin owner developers to be able to register coins in exchange

You're sick of exchanges coming up every day? You should be sick of the 100s of tokens coming up every month, because these damn tokens are the ones giving rise to the new exchanges. And if you're holding all those tokens with 0 volumes, then guess what? You bought a shitcoin that nobody wants, because nobody uses. Face the reality, don't blame the game, blame the players.

Simply because some see it as milking cow where the profit became easy, just imagine the fees even it's not a reputable sites and even they have a promotional free listing they still benefit to it especially in the long run.

I think OP should stop stressing himself like obviously we all have a freedom where to trade and no one forcing him to use those new platform. Just stick to those you trusted and stay away from sites that widely using bots.

If you are sick of seeing them more and more everyday then avoid looking at those. You can't stop the growth of these businesses and they are popping out like mushrooms. Just let them operate until they close if you aren't interested to them. An exchange that has 0 volume will close immediately and will be out of business because of no profit. We've got a lot of exchange already and competition is just tough as we think because they think that exchange business is very profitable.

There are a lot of exchanges, because I think it is the most profitable thing in the whole crypto currencies space. There are a lot of traders and the coins will be traded anyway. It is the most profitable business at the moment :)

this is also another form of supply and demand.
in this case supply is the exchanges that are offering trading services and the demand is traders who are looking for a place to trade.
since the demand has been increasing due to the massive pumps and the huge dumps that came afterwards, there is a lack of supply or exchanges for all of these users to use. so there is an increased number of exchanges.

additionally it is because of the money that exchanges can earn from traders...

An exchange doesn't need to trade 1000s of BTC to get profit. Some are happy with much smaller amounts. And this is a part of decentralization. And it's good.
The more legit businesses the better. More exchanges means that some may even trade your tokens. More exchanges means competition, which can lead to lower fees.
If you don't like this, you misunderstood something...


They just don't have to. What would you prefer to see, only one grocery shop in every country or one at every second corner? How do they survive?! It's basically the same logic.


What volumes are zero? I've just looked at the charts and they show 85 300BTC only today for Bitcoin. Yes, it's far from the average of 200 000BTC traded in Dec 2017, but it's also far from 0.

I also don't really understand the purpose of the new exchanger. currently there are so many exchangers that are being launched, but basically their technology is not much different from existing exchangers, maybe even worse.

As long as the new exchanger can give more security, can give more feature, can give more devidend, can make a good event, have a lot of pairs inside and their withdrawal fee is not too much (not too cheap and not too expensive) then why not?
But the important one is the security. Its must number one.
Then did the new exchanger can provide us that one?
and i think some country want to have their own exchanger too so their customer can easily withdraw to their local bank.
Example : Indodax for indonesia.
So i welcome any new exchanges but i hope they must compete each other to make this cryptoworld more crowd,more good and more easily to reach out by the ordinary people who just join us in this crypto world.

They could just looking for the new crypto boom  ;D
In today's situation we do not need more than ten centralized and two or three decentralized exchanges and all of that minor exchanges are unnecessary for fair trading.

There are already a lot of exchanges. On the one hand, projects after ICO have more choices for listing their coins, as a rule, it usually takes a lot of time and payment to get on the top exchange, while new exchanges are more loyal to this, because they also need to evolve.

Yes, that's what happened at the moment, this is a business competition. Competition in the exchange place, many new ICO projects make the exchange place possible for this business to be legit in the future

If there's a new exchange sites to execute further, that's a great opportunity for our token value to increase very high because the buy order will be divided. That's why it made the price expensive in a long run and will make your coin very popular to traders.

Competitivness is really strong today. Now only exchanges which has a trading mining are grow fast... ABCC, CoinEx, Bibox...

I guess all new exchange churning out is because of the money they see that have been made by the existing one so everyone trying to get into that space

Indeed, so many exchanges come out, and the volume is zero. This is because there are many new tokens and the aim is only to raise funds for their own interests. They don't care for future success, they accommodate like new tokens that lack funds for listing in the market.

I've never think it work on cause it won't significantly affect the market trend we have today, bearish market will still remain.
We don't need more exchanges, we need more investors and users to help these disaster end up. Though it give more choices but apparently it won't help prices to climb, in fact,  some exchanges are just scam and never working good which it only give problems to the investors.

The golden rule says good goods expel bad goods
In other words ((stay for strong))
If these new exchanges do not have the strength to compete
it will die.

These are already settled exchanges with a name. To place on them the coin very expensively. On it there have to be less known exchanges with a smaller commission payment for addition of a token on the exchange.

They are getting a lot of inspiration from the major exchange site about how they can earn daily revenue if they can build a proper and make it becomes a popular exchange site. They are betting on the potential of crypto in the future.

Nowaday so many ICO that promoted their exchange, use their token for special feature on exchange. But in fact its true, there are no volume, just want to sell the token only. I think the new exchange that has no volume will die soon.

So if we make it simple, what new exchange want is revenue for them, with or without support for crypto, as long they can get paid for listed coins/tokens, they wouldn't care about how many volume in their site, well, actually they can get fee from trading activity but new coins/tokens will always come so it can be advantage for them.

If an exchange has no trading volume or it's very low, they will not be able to ask for a fee to list a token or the fee will be as low as the trading volume, both things are related.

Its not bad to have a lot of exchanges, it's really good actually. I remember when poloniex was crashing with 40k users online... But problem with this new "decentralised" exchanges is that most of them are just pure scam. They show up, list all tokens they can, receive deposits and disappear.

small markets are not promising, most likely it is a game, while the cost of listing in small exchanges is quite cheap, it is appropriate to not have volume

they follows money that's all, a succefull coin followed by a thousand, an ico that has success and two thousand that follow, an exchange that has success and five thousand that follow;we will have a million of something next year, but I do not know what it is.

That's true but who knows if some of those will be better than the current top exchanges. Some of the top exchanges even came out of the blue and they are actually new back then.

Obviously your right but don't worry new traders rise next year because of this recent situation of the market, newbies scary to start trading to put risk their investing during this bear market.

The new exchanges rise now is a sign that cryptocurrency is still strong and hopefully maybe next year the bear market was end and the new traders start to trade.

That has been part of my concerns for quite some time now. Exchanges just keep increase. Some people are just doing this for selfish gain. They cannot use other means again to siphon money from people. Their target is now use their so called substandard exchanges to get money from people and then one day fold up and traders eventual loss. I do not just like using such exchanges.

A lot of trust is needed today to deposit my precious btc on some new exchange. I was burned with coinsmarkets exchange like many others. There are even lawsuits but there is no trace of who was behind it so I gave up on that coins. So I would rather let other people testing new exchanges for at least a year before I put my money there!

I meant that the volume of trade fell sharply compared to last year. And if there are volumes in a pair to bitcoin, then we can observe a lull on almost all altcoins.

That's my thoughts too, there's too many exhanges, but those new exchanges are not that big and well supported by the community and eventually ends up closing down, leaving all the traders, sometimes bringing some tokens with them.

they creating too many similar project exchanges because they think maybe its a great idea making decentralized market are more attracting customer players and investors when they want ico sale in the future. because also being have a market feature in ico project has a promising and getting a real hype.. thats what only my thought.

now each country opens crypto exchanges, we know the benefits of exchanges are very relevant and in line where we easily exchange crypto that we have in our own country without having to exchange into international currencies.
so in my view, so much exchange will be a competitor in the fees and data rates of transactions that they send to traders.

lol , no . exhcanges were only countable but people around the world are billions and trillions , therfor traders are more when compared to exchanges .


no not all . its totally impossible and makes no sense at all if every certain country will open thier own exchange . what will the benefit that will get if they do it ? also , it isnt wrong or illegal to trade on international exchange because anyone can use them since that is only online .

just look ... now there are many new exchanges and offer several advantages.
but they have difficulty increasing current trade, because the market situation is not stable. for example wordex, ico is complete but the platform doesn't match the plan.

There are a lot of new exchanges coming everyday. But maybe it is not such a bad thing. It can help us making a big diverse market. Many new exchanges are developing and I think it is great.

That's perspective,I think. The more exchangers,the more places we can market different coins and tokens. I can see that there's no problem about the situation and there's nothing to be affected.

more and more new investors in the cryptocurrency world they will issue new exchanges, but I see a lot of new exchanges but often not successful and end up scam and I myself avoid new exchanges or small volumes

This is a normal phenomenon, everyone tends to take a place in this system. Most turn out to be scammers, or eventually go bankrupt. Look only at the TOP volumes

Everything needs time to develop and nothing remains same in crypto system, it is natural to have so many exchanges because all projects want to provide unique service(better quality, easier trade, more options and profit for users)that will be user friendly and adapted in most countries. For sure we will still use top ones, but if one day you discover you have so many opportunities on other dex-why not try?Every next exchange is a better version of the common used).Look to OAX and LCS for example).

I agree that nothing remains the same in crypto system.Just imagine seeing a lot of exchanges offering trademarks to users with benefit of them. Because of these competitions of exchanges, they are going be develop just to be chosen because of what they offer to users. But surely those top exchanges are what we are going to use considering that they provide unique services that would meet our satisfaction.

And why is it bad? On the contrary, I believe that a large number of exchanges have a positive effect on the cryptocurrency market, for example, the more exchanges, the greater the capitalization of the market as a whole, which consequently increases the cost of tokens, and this is beneficial to all

It is true that the situation with a large number of exchangers has positive and negative consequences. Many promising coins start their way from small and unknown stock exchanges, and then go to the major stock exchanges. Competition between exchangers improves their quality and enhances the service they provide to users.

There is an interesting phenomenon in the cryptocurrency market. The number of trading platforms exceeds the cryptocurrency. We see many new ICO projects almost every day, and their goal is to build a trading platform.

This is true if the exchanges are true and without any scam . Else it’s an alert that more new exchanges have being scamming people money and thus this leads to more negative news in them market and leads to drop in the price of the coins. Thus always be careful and if possible use the oldest and genuine exchanges  as majority of the coins would be listed thier .

To be honest, the situation can be understood in the market there were many projects that position themselves as exchanges and they entered the market to create competition, but I agree with the fact that trading volumes are not on the top exchanges, but give them time and you will see

The problem is that the new exchange does not have features that are superior to existing exchanges. So, people will think it's better to use an existing exchange with the same features.