Bitcoin Forum

A week ago i've met a person, who's working on a new exchange. They've  been developing it for a couple of yers now and, from his words, it  seemed pretty cool. I can't say for sure whether i think it's a legit  idea or not. So, Is it possible for a new exchange to make it to the  top  or is it already monopolized and new projects and busineses are doomed in the whole industry? I've been trading for a short period of time and i haven't noticed huge defferencies in exchanges
P.S. Name's Nominex if anyone is interested

EDIT:
As far as i know, they are launching soon and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else
Here are the options that they have:
1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange.
2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.

What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?

I think this is not a good time to develop a trading floor in the best way. because big exchanges now have a lot of market share and not too much for new exchanges.
But if you want to develop it effectively, take a 3% stake in the company to develop your trading platform project for everyone in the world to know. If your trading platform is good enough and there are many large partners, your trading floor will have a good future.

Thay are also thinking about their tokenomics and are seeking for feedback. They have different approaches in mind and haven't made a choice yet. Would you mind sharing your opinion if i describe it briefly?

Platforms can be created and developed, and people will be supporting such platforms if they know how to operate and know how to tend to the needs of the community, and perhaps some extra suggestions might take the cake as well. There aren't any monopoly on exchanges as people's preference will still matter in the end. Any exchanges can get big depending on how they market and offer themselves to the public, so if the exchange you're referring to offered something new, something innovative and something that people will like, who knows, maybe it's the next big thing?

Yes,it can.Binance is also comparitively new with other exchanges but it is now one of the top traded exchange just because of its feature and legitimacy SO if your friend want to create an exchange then they need to keep working on developing its security areas to keep the funds safe and also the advertisement will play a big part of getting success with every crypto projects.

Would you mind giving an opinion of yours about one the decision ther're making right now?

Unless your friend has a huge advertising budget he will be wasting his time.  There is a ton of competition for exchanges to bring in customers.  He will have to go against all the established giants and it will be an uphill battle to say the least.

There is always space in any market for new entrants, its possible to break into the market, but you have to have a well laid down plan and a means to achieving that.
Starting an exchange would require funds, quailty website devs and marketing managers.

Right now the market conditions seem to be very bad to launch a new crypto exchange. All the existing exchanges are suffering from declining volumes of traded coins and tokens. That means less fees to cover running costs while these costs for employees etc. stay at a much higher level.

In the end of 2017 / begin of the new year so many new exchanges were launched, lacking in security, experience and other general things. I think exchanges are similar to most shitcoins: only the big ones will stay and those who are not able to deal with the bear market or occuring hacks will be gone long-term.
A new exchange needs to have a very good concept to get costomers from existing exchanges and it's always a barrier to verify at a new exchange instead of staying at the old one.

There are just too many exchanges out there...

That depends on a lot of factors

If we assume that the exchange in question will be secure and reliable, then its success will be determined by its feature set, i.e. what it offers to traders. For example, I need margin trading, and only a few exchanges offer this option. If it is done properly and without bugs (like Bitfinex wrongfully closing margin positions), then I for one will be definitely interested. But it takes a lot of expertise in the field (probably, decades of experience) to create an exchange which will be able to compete with leading ones like already mentioned Bitfinex

It isn’t easy for everything start new, there are many exchanges out there and it would be a big competition between exchanges. It take good time to set up an exchange platform, and I think a high standard security is very important, if you can make sure the exchange have good security level, low fee and also good customers service, I think after few years it will be success. It is similar like other business, it take time, money to set up everything.

Crypto exchange is the market where you buy and sell crypto currencies. When you open CMC site in upper right corner you can see how many crypto currencies there are and how many markets for this crypto currencies exist: Cryptocurrencies: 2105 • Markets: 15757 •
Deisik you are legendary member maybe you remember the times when this numbers were much smaller. Can you remember which exchanges were popular in 2015 and earlier? Now many names are different, and in 5 years we can see many new exchanges on top, those exchanges are being developed as we speak.
Crypto is special for that, every person have an opportunity to try to make something. Anyone can try to create secured and reliable exchange, with good and new offers, to have nice promotions for supporters, to work on marketing. Anyone is free to try, but not everyone will succeed, cause success depends from many factors.

Without mincing words,its not so easy to show up in the market and start making waves immediately,you will have to put a lot of things into consideration and make wonderfuly thought out plans,and even at that you'll have to be patient as it'll take you quite a long time to climb up the ladder.

It all depends on how attractive this exchange will be to users.I know quite a lot of good exchanges in terms of good functionality and security, but they have very small sales volumes.Now such a situation on the market that any new exchange is unlikely to surprise anyone, but you should still try.

Creating a platform is nice. But it still needs to be advertised. And if you plan to attract a large audience, you will need a small budget for this. Otherwise, the project will simply close.

I was actively trading back in the day, so it is not a hard question for me to answer. Bitfinex was the most popular exchange back in 2015. I can't say with certainty about now, but it is still one of the top exchanges out there. And I like their approach to margin trading as it is pretty simple and easy to understand (unlike what they do at Bitmex), though I don't quite like them wrongfully liquidating open margin positions as it actually happened to me once

But they admitted being wrong and even paid back the expenses which I suffered due to their mistake

Mostly true...there is still room for anonymous and decentralized exchanges to still make a dent in different markets.

There are a few good options available but nobody is the clear winner. Anonymous exchanges for bitcoin will always be popular within crypto.

It will sound pretty good if you got the information on th inside of that development because they are making a highly focused business so that is why they sound amazing. Just like other exchange it also needs some exposure to the masses before it can take place in the market and they have to focus on a single coin and sacrifice so much money on top of that . So it will be as easy as it sounds but good luck to them and i hope i can take part in that wonderful opportunity.

Business is neither monopolised nor doomed, just new devs are too greedy and starting with fees like 0.25% - 1% is some hopes to get rich quick.
There is always a place for new crypto exchange - If you offer a low fees and find a good marker maker, you will succeed for sure.

New exchanges can be made if indeed they have skills in the field, each exchange has a system that is not much different but when a new exchange can fulfill all aspects well in terms of security etc. and having a good promotion too, then maybe the exchange will be fast to become top. When a business becomes top, the developer will continue to take good care of it so that the business is not destroyed and I think every business done will avoid the monopoly to keep their business become the best.

There's a lot of crypto exchanges rising out there every now and then but then very few of them are successful. As I noticed a lot of crypto exchanges platform are conducting ICOs, with the current market competitions I don't believe there will be a big chance for their success.

Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also  think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.

developers teams see huge opportunity if they developt their own crypto exchanges.day by day cryptocurrency investors growth smoothly and much new investors joined in crypto trading.they see this is as good opportunity to earn money if they developt their own exchanges.

that's why now many projects based on exchanges.they look it as their opportunity to earn money from cryptocurrency.each new exchanges project give interested offer to their investors, such as deviden, free trading fee and soon.if cryptocurrency market recovered they will gain much money from trading fee.

of course this is inseparable from the opportunities of growing cryptocurrency users. therefore many projects are based on exchanges. I think this is good for healthy competition, with more and more exchanges, consumers can choose the exchange that suits them best, with good service I think they can compete with the old exchange

They introduced their own token and giving fee restrictions while using it so if some exchange got more trading volume means their token will be a big part of it like in binance exchange BNB is doing good at the moment but they may not last long.

Exchange platforms will usually enter the market list depending on the daily trading volume in the crypto exchange, if the exchange is quiet and does not have a high trading volume then it seems that it requires a higher effort to be able to increase trading volume so that it can be placed in the market.

There is still place at the top for any up coming exchange, overtaking is allow in this ecosystem. Want is needed is good publicity, liquidity and security.

This is the bottom line! There is still place at the top for many others! Crypto just started to grow and we will see many, many new exchanges. Second great thing you said is "overtaking is allowed in this ecosystem and in many others, who come out with better team, better solutions, unique ideas, combined with all other factors can aim for place at the top, others will stay where they are or they will fall.


My point is clear, things are changing in crypto faster than in real world! This is not the end of the game, it`s just starting to be interesting as more people are coming in. We can`t predict the future, all I know that even the greatest ones fall from time to time. Competition is healthy for every business, even for this crypto businesses. What am I saying is that we need to be ready for everything, by that I mean don`t hold to much coins in any exchange no matter how popular or big they are.

But I don't disagree with this

In fact, I'm using margin trading (i.e. shorts) specifically to keep as little in my exchange account as possible, while still being able to ride short-term price movements. It is just a matter of time when an exchange gets hacked or something else as bad happens resulting in the loss of coins (like what happened at Quadriga). For the record, Bitfinex had already been hacked in the past, though it is still not clear whether it was a "genuine" hack or an inside job

It is possible for any exchange to be on top. But you have to also look at the competition.
ICOs now are creating projects which mostly are exchange.
Think about it, investors are willing to buy their tokens and are actually believing it will work out. Same goes for every new projects out there and yours.

It must be unique though and not just a mere copy of those famous exchange which is mostly the product of ICOs. Conclusion: Failure.

to be on top you also need to be the best and any exchange does not have that trait . not all have the potential because some are born to be good and some are destined to be bad .


afaik exchange and market are both the same/simillar  . what you mean to say is " can a new exchange take over the existing one's " ?   the answer is yes only if they are promising enough . if they are unique and has a better service than the other competitors then its possible for them to be discovered and rank up .

Its possible, especially if they got so much interest from the public. The top exchanges right now are also experienced to be doubted befors but look at them now, they succeed. Maybe a little more time for them before they land on at least top 50 exchanges and the next goal will depend on the performance of that exchange.

they've been developing it for a long time already ], so all the things like security, unique features etc are covered

The space still have less than 300 exchanges for up to 4000 coin, most of the exchanges are trading shit coin and have no influence in trading market. the space is welcoming a new development to bring in fund to it and to increase adoption across the globe. Letting everyone be involve in the technology is the new movement to increase adoption to ends of the world. More so basic requirement of a good exchanges should be satisfied, it is no more in the number of exchanges but the influence in market to bring more fund and increase adoption while our accounts are kept safe.

The more the merrier but only few survived and some are tempted to scam investors, yes we really need good exchanges to have more choices. The real secrets of exchanges to succeed is through competent team and effective marketing, some looks good and attractive but fail to meet user satisfaction.

It's called Nominex, i believe they're launching in the end of February.

As far as i know, they are launching soon(in the end of Feb) and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else
Here are the options that they have:
1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange.
2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.

What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?

Binance started small so before it will dominate all the exchanges, the existing exchanges today should really be taking action and massively promote themselves like they are one top exchange that prioritize the welfare of crypto users. f there is the need to support forks do it like how binance do it. If there are airdrops need to be distributed, distribute them honestly like they do because sooner if all exchange provides dishonest services, Binance will the the first to dominate and all others are garbage.

For now, I see a lot of exchanging crypto tokens on the market, but it depends on the place, this I think has become an injection or an idea so that people are more familiar with coins, meaning understanding about crypto.

Now there are many different exchanges and it is very difficult to compete with them. In order for the exchange to become popular, it needs to offer something new, unusual and useful to users of the exchange in order to stand out among its competitors. Otherwise, there is no point in launching another crypto exchange, which will be exactly the same as a hundred other similar exchanges.

There are new ones being developed and released all the time. Xera exchange has reached the softcap, whereas elepig failed to get any investment. It all depends on the quality of the exchange and marketing ability

It is very possible for a new exchange to make it to the top.  I cryptocurrencies market we still have many lump hole and if a developer can take the advantage of that there is no way they will not make their exchange to the top in the market.

It depends on how much this trading platform is good enough to compete with others. If it offers many advantages and new srvices people may consider to use this platform and they give a try on it. But if it doesn't have a new thind and it is just a copy of existing exchangers, it will not be attractive to investors and is doomed to be forgotten.

It will be difficult, after all, to become a trading platform now it will be increasingly difficult since the many regulations regarding crypto and also whether the market is liquid or not because for some people it could be a critical things.

Why is it there is a lot of exchanges when we do have reputable that already exist in the first place?

Some of these new exchanges can't be trusted because of a higher tendency that they might steal our cryptos in the future while making an exit scam strategy in the future. Binance is one of the best examples of a reputable exchange which is active when there is a mess happening. Competitors might want to look the best examples of these reputable exchanges to make a shot in the market.

Some things might be said by people that it would be difficult for the project development and development, because it is seen from the crypto market that the declining value makes the holders and investors less interested. If you ask my opinion it depends on the concept of the platform, I mean if their platform offers a unique and good concept so that it attracts traders, then market conditions will have no effect.

as traders we have to be careful with all new things, especially in crypto trading, because a lot of projects in the crypto market can contain elements of gambling or fraud, because many actors use new crypto as a place to gamble, for example they speculate to spend a little to be able to make a lot of profit, many of them no longer care about the quality of the new crypto. so our accuracy can save us.

It will take time for new exchanges to be recognised and trusted by traders, there are numerous of new exchanges keep on coming out but most of the traders still prefer the old and trusted exchanges, there are a lot of cases where exchanges being hacked, so it is a bit difficult to gain trust for now, for the record there are differences between exchanges, it can be from the coin that can be trade and the percentage transaction fee

New exchanges contact me all the time to provide liquidity to their books.  They are doing great.
https://firststreet.io

The entire crypto space does not belong to any single body and cannot be monopolized by one exchange. There are always room for good projects with ready products to skyrocket. The reason behind the lagging attitude experienced by most of these new exchanges is that, most of them do not have a unique feature but just copying the features and functions of the old exchanges. Remember, it takes uniqueness to draw the attention of people from an existing trend to a new one.

Will be but depend how serious they listed many new coin with higher volume, by the way at this year many new market have success because they can manage with good and potential altcoin , have higher volume for transaction.

As the user base keeps on increasing, the need for exchanges too will be peaking high. New cryptocurrency exchanges suddenly won't get into the top places. It needs to follow a long process and give assurance on the security of the holdings. Beyond that it takes time to list large number of crypto pairs to the trading platform. Once after this it needs to contribute good to the market circulation. These major factors need to be fulfilled initially.

They ar eplanning on starting with a lot of pairs and will keep adding them

the new exchanges came to this market will always be acceptable by the previous users Crypto market but the most important thing is when a new Crypto is using for exchange it will need more trustability and be a good exchange for long time.

Crypto exchanges are playing a most important role in cryptocurrency development because when people don't exchange and we invest in cryptocurrency then the development will not be going to the upper stage anytime so the decision making for the changes while it was new it will be more patients and take some moment to invest induced a changes properly.

   Don`t you see that happening everyday? I`m here for some time, in crypto-space, and almost every week I hear about new exchange. Maybe
exchange isn`t new, but I hear for them for the first time. There are big ones, but still there are many new ones.
   They are appearing every week, centralized, decentralized, now we are able to choose where we wish to trade with crypto-currencies. I`m
learning to use decentralized crypto-exchanges, after Binance hurt my feelings.

What happened with Binance?

Why not? Binance is a perfect example of such exchange. It has started in a garage and now this is the top volume crypto exchange. But also there are many scam exchanges like YoBit, LaToken, HitBTC, KuCoin has fake team... Even on Bittrex were scam accidents...

Here are our articles about some exchanges
https://shitcoinoffering.com/hitbtc-exchange-mcafee-tolls/
https://shitcoinoffering.com/kucoin-crouching-token-hidden-team/

It always depends on the marketing budget and the marketing people. You can start anything in the world as long as you have a marketing budget and marketing expert. This is not just strict to crypto exchange, as long as you have the money for it you can start a mobile phone business and its unlikely that you will surpass Apple or Samsung you can still make yourself a place in the market.

It will take a lot of money and a lot of people and no one with startup mind can reach there at all but it can be done with billions of dollars and hundreds of marketing experts. Same applies with crypto exchange, if you have a lot of money and a lot of marketing agents then you can build a crypto exchange and heavily advertise it every single place on earth related to crypto and get it to a good level.

New exchange needs a a good reputation from some people who have an influence on cryptocurrency in particular. It is not easy to convince someone or many traders to trust a new exchange including the exchange quoted by the OP. Moreover, exchange cryptocurrency is very prone to fraud, which will make everyone less confident about the new exchange.

In other hand, I agree to someone who says a new exchange needs a promotion. Either through this forum or with social media, but the most influential to promote their new exchange every developer can use this forum by using a siganature campaign that is paid for with bitcoin, at least by using bitcoins each participant can immediately trade on the trading platform every time he gets paid a week.

Lots of decentralized exchange has been offer and crypto peps are trying to be familiarize with its benefits, there's always room for any new project
they just needed to compete well and make things possible as old and reputable exchange already deliver this new exchange projects needs to be willing
to offer something new to its target participants.

Why not. There are new projects of similar type in everyday life that are successful, it shouldn't be different with crypto exchanges. But very, very big budget is required to be competitive with the strongest ones.

Do you think it's possible to promote something through this forum?

Today, it should be more superior and reliable than others in order for exchange to be in the primary place. If devs are new in sector much time is needed, because new exchange has to be proved as time goes by. If I give this example with coin, look to BTT.

It can especially if you want to start on a local market. It's easy to buy Bitcoin with USD or EUR but not so much if you're in Africa or the Middle East and have only local currency at your disposal. If  there are no big exchanges operating in your country and the laws aren't working against you it should be easy to start a new exchange. If you want a global exchange you better have a lot of money for advertising.

How it happens people are not trusting the existing cryptocurrency for the future then the new cryptocurrency will not made any changes and the investors Minds show if the existing cryptocurrency will develop there will be a option for the new Crypto to be take place a good role in this field.

of course, more and more new exchanges will be better, because the custumer can choose services from each of the existing exchanges. on the other hand this indicates that the future of crypto will be good later, because of the growth of new exchanges

more exchanges appear in cryptocurrency means there are much money and capitalization in this market.moreover if this exchanges give the simpleness to their customers.especially in trading feature such as limit and stop order that not each exchanges have.

like it is interesting if the token is directly listed on the market exchange. even though there is a fee there, but I think it will be better than having to wait long.

It could, however there is something that called competition and most of newer exchanges has been proven this for so long and they can't compete with older exchanges like Poloniex and Bittrex.

They usually have this kind of feature, you were just not paying an attention

Enhancement and more additional offers together with fair and honest business, this are the edge of newer exchange that might attract more traders
and investors, since there's already existing competitions, they just need to enhance their services and make sure that they have more promising things
to offers that they can easily achieved, traders will be always the beneficiaries of this as they can switch between.

Customers satisfactions will always be the big edge in terms of this business competitions.

For a crypto exchange to have a place in the market and the crypto ecosystem in general, this will highly depend on how they present their platform to the crypto audience and users. As you already know, the top exchange platforms account to about 60% of the total cryptocurrencies volume available to the crypto market. Considering this,  I think the best option for a new crypto exchange to take a place in the market is to provide their service to new crypto coins which are not yet in the crypto market. This will help present their platform to the crypto space.

Adaptation are kept increasing in the market which there is huge chance to launch new exchanges in the market. Already many governments and many reputed stock market exchanges are planning to launch cryptocurrency exchanges which will help to get more reputations for cryptocurrency.

That's right because waiting is a very annoying thing, so if there really is a new token it's better to have registered in the market exchange than we wait a long time

If that new exchanger offering a low transaction fee and security on investor funds, i think will get a space in cryptomarket. We know that binance right now is biggest crypto exchanger and the ages only 2 years. Its great achievement because binance offering big liquidity and security on investor funds

Well if they work hard they can take a top place for sure. Remember once Polonix was a top exchange but then many exchange has taken the place in a short period. Recently, ABC exchange has taken a good place within a few months of hard work. So a legit exchange with real supports and experience will always go ahead on top places. Transparency is the key, the exchange should be fair to reach such a good place.

The transaction fee is really low

Well, i think we just can't compare it with exchange like Binance, this exchange already has it names in crypto, then create fresh new exchange is not a solution, even this will just make another place for some investor got its prey from pump and dump activity due to low volume.

Really putting an exchange is really a good catch as even in a bear market they still have a good profit. No wonder a lot of exchange sites are popping in crypto space and taking their luck. Yes there's some that we can say promising but people don't easily trust new sites because of its features. This won't work overnight thus needs a lot of perseverance and patience, as they say don't put your hopes too high.

Having a lot of exchange sites will bring a healthy competition but on the contrary we don't need it if it's just a rubbish one.

The cryptocurrency investment is increasing by the day as more investors and traders are into cryptocurrency. There is a need for cryptocurrency exchanges. New exchanges are welcome ideas. An exchange that has a hard-working team with very good features will sell.

Yes it could be, but what matters is the trust that people would give to that new exchange. Eventually there are new exchanges that did not survive in the competition with regards to the security and the sustainability that their customer needs.

But there are exceptions,some new exchanges have built their own tokens and giving discount on the fee with using them which makes the traders to go for that exchange,which is same as how BNB become famous on binance exchange.

Well if we notice carefully we will see there are so many crypto exchanges are rising in market all around us and as you said we really need them, but the actual thing is power and success some came and some gone on almost daily basis, according to me there are ICO developers are inventing their own exchanges but let’s see who gets success this year.

now the crypto market competition is very hot, honestly this competition is interesting, you must be ready to fight the crypto market with a high rating and have a position that is quite difficult to beat but if still want to make new exchanges I think you should be smart to attract the attention of traders with bonuses and good events, and a good and fast response will be liked by crypto traders if the traders have problems regarding exchanges that you make with your friends.

It is a good strategy and it will certainly attract many potential tokens. You are having the most difference, I think your idea will be successful if you have many good partners that can create a great community for you. ;)

And specially if an exchange is hacked, their reputable simply went out of the window and it's hard to recover from that. I believed the more the merrier, but those who are tying to get into the market should offer something very different to get the attention of newbie traders. Right now Binance has its launchpad and other exchanges are also following as well like Kucoin. So for new exchanges, try to give us unique ways to earn money and I'm sure investors will easily flock to you even if you are just new in the market.

Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.

the concept is good, if a lot of people are trapped, it will develop well and can be number one. but if not many enter, it will sink further. all will depend on the support of investors and traders.

Well,it's depends on Thier community traders😉if the exchange has no volume how to be a good exchange anyway? Exchange are liable and listed some new tokens not only erc20,but I think all?trc20,Eos,etc.thats exchange will be a good,and most important thing is friendly recommended 😉😇😇😇

With progress and competitive line of advertisement, new exchange can still exist and be successful, the only hindrance is the security as most hackers loves to test the functions and hack if possible, focusing with future goals begin with single steps, they just need to be more aggressive finding ways
to excel with others competitions.

Volumes can be manipulated by big holders in any new exchange. And there have been a lot of these new exchanges popping up. Some seem legitimate and some are obviously shady. A lot of options for traders but can be confusing if you're subscribed to a lot of them already.

There is plenty of space in the market and always the new arrivals are welcome because constitutes a good counter offer to the existing exchanges.

No, it is not monopolized from what I know. If your friend's has a unique product and services, he  will most likely do well in the market. Nobody is monopolizing anything. Cryptocurrency is not permissioned products you can easily build empires around and monopolized it.

No dude there is not enough space in this market because there are already lots of exchanges . they are consist of old and new exchanges some of them are even bad or have a fake volumes but most of them are just plain good . thats why i dont think that we need more new exchanges because that can only add confusion to the users  . i dont also think that new exchanges can counter the older ones where older ones can always make a new changes depending on thier costumers request plus old exchanges already have a reputation  .

Just let them be, if they would decide to make an exchange yet its their money after all. Exchange market is somehow saturated as you say
and there are lots of factors to consider first before building one. Come to think first about on how you do make your exchange be unique compared to others.
Competition is fierce on this field and wont really be an easy path for you to take on.

Trading volume generally are not impressive at the moment so a lot of exchanges are struggling. In any case,there is always room for any new project that can generate enough hype and offer unique service. They can always carve out a share of the market for themselves.more so, there will someday be a bullish momentum that will make it easier to stay afloat

This sounds good and i would say a good move from the exchange offering such. I am sure this would be the exchange i have come across as well. The exchange i came across, has many more options to be brought to the traders.

Fees would 40% less when their exchange is used to trade with any coin having their coin in the wallet, their coins can be bought with more currencies not like other best exchanges have and anyone can exchange any coin into  their own fiats using their own ATM.

These are the few options and they have more as well. The team is hoping that the exchange is going to be among the best by end of this year.

I think it's like saying following: Can you search engine website take a place in the market? Of course it can enter but can it survive? No, depends on aim to be fair, you can always attract for example 50K people monthly on your website but this will be your maximum, you'll never be considered as an opponent but here is natural monopoly, in crypto world and as you talk abkut crypto exchange, I think there is more likely open monopoly, in this situation everyone can enter too but few are succesful. Ask yourself: Why will people prefer my exchanger over others?

The new crypto coins that enter the market are certainly not a problem, because later trading will determine whether the coins can survive or not. If the coin can survive and have good prospects of course the price will increase and be liked by traders or investors.
For short-term traders will execute with favorable predictions, if proven successful, investors will buy for a long-term portfolio where capital increases and demand for coins increases.

of course with an increase in service and convenience for consumers, of course it will increase the confidence of consumers, thus gradually can compete with binance. but this must be supported by good system security

Binance?  They have raised the bar so I really doubt that anyone can compete with them as this point.

On the contrary, if there are new exchanges coming in then they should learn from Binance and other top exchanges out there. They can't just join in the picture and claim that they can be the best. They need to learn from the best and follow them at least specially how Binance grows in the last 2 years or so.

As in any business most of the market share and profits are concentrated in just a few hands while the rest are barely surviving, in order for a new exchange to get big enough to become profitable they will need to offer something that no other exchange offers so they can distinguish themselves from the competition, but that is something that is really difficult to do taking into account that the most powerful exchanges are always improving their service as much as they can in order to bring more customers.

Previously, there were 2 giants is poloniex and bittrex and all it seemed that they are giants in this market but then came binance and took most of the market on its site , I think this can be taken into account with any exchange , but at the moment of course binance is developing very quickly and while this exchange has no competitors

Maybe every new crypto exchange needs to learn from Binance because Binance is the new exchange too, but they can give something different than Poloniex and Bittrex. With giving a new service to their member, Binance can compete with both previous big exchange like Poloniex and Bittrex, and now, Binance can take place in the market because we see that binance now become a big exchange too.

There's always a slot for new exchanges--it doesn't matter if they have a new idea to bring into the market or not. It is also an advantage to have more since people would have many options, hence it would be good for adoption in the long run.

The answer can be yes or no because it can achieve success in all kinds of services that make good work in this market and provide useful services for its users. To give an example, the biggest giant of the market, the Binance service was also quite new and soon gained a serious dominance in the market. I think that all new organizations that serve successfully and without problems can reach a successful position in this market. Although it is very difficult to become a market leader in a short period of time, it is possible to achieve this success in the long term. The fact is that every service can achieve success at the same speed and lose its market dominance.

It seems to me that there are already too many crypto exchanges. Especially in a falling market when liquidity falls. I think this is why many exchanges have inflated trading volumes all this time. Each exchange tries to declare that it has large volumes of trades so that users use their platform. On many exchanges now there is no volume at all. Robots-traders often merge tokens of new projects to insanely low levels, and the exchange does not gain anything from this. It is difficult for me to answer your questions regarding this exchange, as I am rather an investor and not a trader, but I believe that it should have significant advantages over competitors, otherwise it simply does not make sense.

A new exchange will need a lot of time to and a lot of advertising to get people who will use it. But maybe is ok if new exchange comes and offer lower trading fees and if is a secured one and with a good team then can be launched.

The people had lots of trust about the existing things only if it was going to down also the trust will not reduced in the mindset of people so I think the new exchange will always been take time to get compared with the people then only it will be successful.

all possibilities can happen and no one can predict if indeed a new coin can meet and be of good quality and profitable for its investors I think the development of crypto currency coins depends on its investors

Yes, it is always possible to change places. But, as time goes on, it is getting harder. Because, a few years ago, the exchange was less, and when any was a little good, it immediately gained its worthy place. But today having lots of exchanges makes competition harder.

A new exchange is definitely successful to take place in the market if it has more dominant function  than the exchanges before. Yep, Binance is a typical example in terms of crypto exchange. Although Binance is also new exchange compared to other potential exchanges like Poloniex and  Bittrex,it takes place in the market with a vast number of people focused on it.  Binance get a remarkable achievement because it's considered the world’s largest digital currency exchange. It's hard for a new exchange to defeat other potential exchange.

coins developtment depend on team it self.investors only judge is this projects qualified to funded or not.if developers team could deliver product well and communicat to investors, i am sure this coins will be expensive.

Of course a new crypto exchange can take a place in the market especially if the exchange is excellent and backed up by a good thing. I have a feeling that this crypto exchange in my signature, Cat.ex , can take place in the market very soon. My favorite part here is the daily dividends that you will get everytime you lock your token.

Anyone can be successful if they come up with a better solution than the rest of the huge and highly established exchanges. The competition is really stiff and with regulations coming up you need to have a good bank roll to get on with the project smoothly, security is the biggest factor and one mess up will ruin your career.

All new exchanges will have to create major incentives to prise people away from binance, huobi, and other major exchanges. An ico will not deliver enough funds so this person has to have a lot of money up front

Yeah I think the key is trust, if they are trusted, of course there will be many investors who will try in their exchange to trade,
and of course their exchanges will contribute to the market if they have a marketcap/user

I think the new crypto exchange does require a long process. because managing new crypto is not easy now. so it needs a process. so whatever happens later we have to respect all of that.

I also saw lots of new exchanges and gave droplets of tokens.
I don't know if this is a good trend for Bitcoin, because they are competing to provide good service.
and the more people trade I think the better.

In a emerging market there is place for new players for a better competition. ::)

crypto development now depends on the situation that is happening. if the crypto condition deteriorates, it is likely that the price will decline. so of course we must know that if the price increases, the crypto condition is improving.

in my opinion not can and cannot everything can happen without anyone knowing all the possibilities that occur all depends on investment I believe it all

Nothing is impossible in cryptocurrency. Your friend has a lot of courage to develop such unique exchange. But take note that there is no guarantee that it will become successful in the market since there are so many competitors nowadays. He needs a big promotions and should have different concepts to attract people to use their exchange.

Every coin had its fair chance at the market. The only difference between the existing and the new ones is the advantage they get by being utilized more often because people have already trusted them so. Yet if a new coin can be trusted as well and will be able to prove that such coin can be of good use then they could as well succeed. But the developer really had some great part in achieving this.

In any market there is always room for more players, I agree with you on that, but I do not agree with your notion that you do not need a new idea to be successful in the market, if someone releases an exchange without any innovation and that doesn't perform any better than the existing exchanges then why we would use it? Why take your chances with a new exchange that has no reputation and that could steal your coins when you can use an exchange with a very strong reputation?

There are numerous exchange platforms in the cryptosphere already and it would not be advisable to develop a new one at the moment because most crypto enthusiasts would still prefer to trade on exchanges that have develop trust for over the years. The security features on some of the new exchanges are very weak and this makes some users don't feel safe trading on such platforms due to the frequent hacking of exchanges.

I agree with your assessment, the competition is very stiff, in fact, there are ICO based exchanged that did not meet their softcap, paused and stopped operation one example is LBX, IRONX reach its softcap but having a hard time with their volume and you need a continuous marketing to create full awareness of the exchange.

Agree, if an exchange is only developed and based on the old exchanges, it will not be competitive in the market, and over time, that exchange will close because people here are users, and if the new product does not improve and outperforms the old product, they do not need to convert to a new product, it is a waste of time and is not guaranteed. Therefore, we can easily understand that this market does not lack the position for new exchanges but it is important that new exchanges will need great effort and breakthrough to have a position in the market.

I think now the market conditions have also started to improve , so you can trade anywhere for me is also good to trade now, because now market prices are starting to increase.

Its been a while that it touches $5k and it keeps moving. This will give some insights that 2019 will be showing full market recovery.
We are still in the 2nd quarter and it for sure it have many changes across before we end up this year. Might possible that early this year we will see bull run again.

The cryptic industry is an all involving sector and at that any new project can make it to the top, all that it take is consistency and advancement once your friend project can offer the community what is superior to what we have at present then his exchange can be one of the top exchange in no time.

If an exchange can give a better rate for some coins then they will be going to have a place for some traders and for some bounty hunters. And there are some echange that offers listing for free that would be the edge of some new exchange.

they usually give you free token, or make some contest with high prize, so it will attract people to join their exchange.
i know in some exchanger, they offer some coin if you want to pass their kyc. maybe many people just use that advantage to take profit from free coin, but its good to raise it volume. than just how to make people stay in there

Security do always matter when we do talk about new exchangers even on the old ones but this market is somehow saturated or lets say there are already lots
of new exchangers which i do see that we wont need anymore of it.Its enough to see a hundred and adding up wouldnt really be necessary at all.

Yes, it's a fact and just look at the crypto market.

There's always new addition to the market but they can't compete with the current stand of bitcoin.  8)

Yes why not some big exchanges now were made on 2017-2018 so i dont think its a big problem but if exchanges will make something new then chaces are much more to get news users from other exchanges and even new one from not crypto space everything is possible so owners must do their best create new ideas.

Regarding the entrance of new exchanges, it is a fact that it going to take sometime and mostly importantly they should rather focus on getting a cut of the cake until they have all what it takes to compete with the big guys. If the project seeks to introduce new featuree and business model i guess with time things will be fine.

crypto currency or other altcoin coins I think it all depends on the investor itself and no one can be sure and know for certain that the development is whether or not there is a growing crypto currency depending on the investor

There is always a chance for a new exchange to compete in the market.  Being the first one does not guarantee that it will stay on top.  As one of the examples of a reply here, look at Binance,  it is a new exchange and yet it surpasses exchanges that are older than it.  What it takes is to reach out to its customer and meet their demands and expectation while securing their accounts.  The new exchange must establish itself first to have a chance to at least level to the top tier exchange in the crypto industry.

you are right. however, it all depends on the development they are doing. when it attracts many people, of course there will always be a place in the market. moreover when they do a lot of promotion, it can get them to the market.