Bitcoin Forum

The current currencies are 4849 and Markets are 20850 according to the CMC. Is this really working fairly? I think if it was altered, it would better to get more volume and liqudity. Still thinking, the future of Exchangaes.

There is nothing bad in this regard. 20850 exchanges exist to serve you and you can choose which ones you want.

Do not pay too much attention to these numbers. Actually, there are 4849 coins and 20850 exchanges that meet the requirements of CMC. According to Coingecko, there are 398 exchanges and 6156 coins. Even, if you look at the Wave platform, there are thousands of shitcoins that are not listed anywhere.

Working fairly? in what kind of fairness you're talking? there are exchanges that do wash trading.

Why it should get more trading volume and liquidity? the top exchanges do have it. And if you're not impressed of their daily volume and liquidity, I don't know how much you're wanting to see them have that in their everyday operation.

As "coinexchange" cryptocurrency market all most of the exchange will be shut down, if that exchange is legit as coinexchange. Without something different as "SwapZilla" all new exchange could be down. Because old exchange can provide new idea but new exchange is for low cost.

I do not think there will be an end to it happening in the market. There are tens of thousands of trading platforms operating in the market, they are ready to serve you anytime. However, reputable exchanges, high liquidity are always the first choice of users. Be careful of scammers.

We can't be sure about the numbers. Of course the number of exchanges and coins would grow and similarly some of them would cease to exist.
There are still a large population and capital left outside of crypto and exchanges so the market for expansion is huge but also the current market are mostly speculative and for some exchanges fake. I think in future we will have more exchanges and coins but they'll be better than what we have now.

I think exchanges will continue to grow, given that there are currently many new exchange projects that offer various benefits for trading, and I would rather focus on just one trade that has a high volume.

It can work fairly or not depends on the service of each exchange. People tend to use good exchanges, in the sense that many trade there, good support, good coins there, large volumes, lots of promos and airdrops.
I do not think it is our business to think about the future of the exchange, it is their job. What is certain is who is the best and can meet the conditions at this time he is the winner.

In crypto space today exchanges is one of the fastest way of making money and that is why we will keep seeing new exchanges, many of them will be bad and few good ones will make it big, but i think in the future DEX will take over CEX

They will do anything they can to keep survive. List own coin, trading competition, stake, mining, affiliate program etc will comes up with various reward. New exchanges maybe will not survive but I'm really sure they already have plan and that's way loyalty customers needed. Exchanges with no KYC will raise up, like or not most of us doesn't like this rules.

Few exchanges will still exist scam and some will be victim to scam but top exchanges like bitfinex huobi binance kucoin will always be amongs us, for safety decentralized exchange is the best but for liquidity binance and other centralized exchanges are taking the leads, i don't see thing changing anytime soon or in near future

Yea many exchanges will be alive for sure, they all have their strategy of staying alive and mind you exchange business is very profitable if it delivers good services to traders but in the future many users will prefer dex because no fund can lost on dex exchanges and using dex you don't have to go through KYC

but with an over-amount like that, it's also not very effective in my opinion. because there must be one exchanger that was finally unused and they finally ended up in vain, while they had issued and for the development of the exchanger. should be able to go hand in hand between the coin and the exchanger, or even better if there are more coins than the exchanger.

Many exchanges launch day by day and also new cryptocurrencies launching day by day and you can check most of the exchanges unknow and low ranking using bot trading to increase their volume. In future real volume, exchanges will exist and fake volume will be died due to regulations.

Crypto market is still developing and that's the reason why we are seeing so many new entrants every single day! The way we are seeing new projects and coins in the market, same way we are also seeing new exchanges here! While it is good initially because the crypto market is still developing, but not all exchanges are going to survive in longer term! The reasons can be many but the major one is the client satisfaction! Let me give you a simple example,

We have seen many hacking incidents in recent past. But did we see any exchange handled a hacking incident the way Binance did? So Binance has clearly shown its customer centricity and its no wonder that they are the market leader!

I don't know if the market is currently functioning fairly due to its staggering numbers! But there are few professional exchanges with great business acumen and customer centricity who are betting on crypto market with long term goal. These exchanges are going to survive while others will go down to drain!

Not all exchanges can survive in the crypto market, and only the strong exchange will alive for a long time and have support from the members. The weak exchange will disappear, and it will replace by the other new exchange. It is normal to see some exchange will close their services because they cannot compete with the other exchange, and they lose their members. That is why the exchange needs to have the best service, so their members will not move to the other exchange, and they can survive in the crypto worlds.

Many exchanges are just bad and most new exchanges of today are only here to join the IEO fund raising train, this is why its dangerous to join projects introduced by new exchanges, most new exchanges i know of have issues and its only a matter of time because i am sure they will exist scam at any time, strong exchanges will always be around

The crypto and blockchain industry is a broad enterprise which will always welcome new project but the project which are not working round the clock to be outstanding or dont have experienced team will definitely vaporized in the near future which is what had happened to some altcoin and the same goes for crypto exchange site.
It not possible for all exchange to be alive in the near future.

I think it looks fair because they all compete to be the best. If there are many choices available, you just choose which one suits you. And we should be able to enjoy the benefits they offer from each of their platforms. But besides that, don't all be easily tempted by unreasonable offers, because they might want to deceive us. Make sure that you choose a market that has clear transparency and credibility.

You dont need to use all of that exchange,  we have different opinion in terms of what kind of exchange we want to use and we dont have the same review for every exchange. We have different issue experiencing in every exchange thats why we are decided which one should we use, over all the exchange is not a problem but the market volume since it will be divided to many exchange.

The thing is not every exchanges are a legit one. Because of how many there are out there, you could choose the ones to your liking. As so you know, we have so many projects about new exchanges, but only a few could managed to survived that has a decent real volume each day and all. Don't get too caught up in the numbers of the exchanges. it's only a number, it would be better if your focus is in the promising exchanges than the new shady ones. And with all those currencies, not everything has value anymore.

I agree, everyday there's new exchanges and cryptocurrencies appear. According to what the OP said there's around 20850 exchanges which it's a lot and serve a lot of people around the world. I bet that there's a few a them aren't good or probably a scam ones. I just trust few famous exchanges which I always use them, like bianance or poloniex.

The thought behind developing a crypto exchange is just to make profit, they are not after making the cryptocurrency exchange space better but to fill their pockets with traders funds. This is one of the reasons we lack liquidity in most of these exchanges and this will definitely lead to their extinction in future. Only the strong will survive.

Many of the exchanges are no longer capable of the bearish market and this may cause them to collapse, Like the reputable exchanges in 2017, which are now being replaced by Binance. And I think the remaining centralized exchange in the future is that it has good features, usefull, and will greatly benefit investors and traders.

We do not know if all exchanges will still alive in the next generation or in the future because as of now some of the great exchanges are now started to shutting down which is bad news to the investors and traders. But, day by day there is a new release of exchanges but not all of them are good and real.

One day decentralization will still prioritize quality, and this will happen to the awareness of its users to choose the best, including their needs with the exchange market.

most exchanges will close their books because they don't get enough daily volume, and it's only over. And coins with less attractive potential will only be used on dex, not with others.

Short answer no. If you have the money on the wrong one, kiss it goodby its gone, when exchange is bankrupt.

If you the read the article about the liquidity of exchanges reported by CMC, you can see the real trading volume is still very low compare with other markets. If see that list, we can trust only few exchanges now. But many new exchanges still launch, maybe they believe in the future of this crypto market.

Most of them will die when they don't generate volume.

20850 exchanges is really a lot. More than the number of known cryptocurrencies, I guess a lot of these exchange owners imagine the success of the first exchanges like MTGOX which wasn't even their plan to be one of the most used exchange during its time and then suddenly scam everyone in there.  

CMC should just delete the ones that isn't really used by traders to help the community avoid scam by these. We recently seen one by cryptex exchange (https://bitcointalk.org/index.php?topic=5200216.0) who didn't return the $210,000 worth of BTC.

We have a lot of shitcoins out there as well as shit exchanges so even if we have more markets than the cryptocurrency it will not give any assurance for better liquidity since the coins/token are only listed in few markets and only reputable exchanges are being used which means 80-90% of the markets are inactive.

It will really be funny thinking that most exchanges will last long term. One thing I have seen most top exchanges do is that, they look for ways to innovate new things which will attract more users. On the other hand, most smaller exchanges doesn't care, they use bots to inflate their volume ridiculously and have poor customer service etc. So I think, any exchange not trying new things will lose out and cease to exist.

the most important thing to remember is that liquidity is provided by traders but not the exchanges themselves, and we are in a decentralized market where each of us can decide which exchange to trade on and this means that those exchanges that users will not need will disappear and the future of coins will be the same

Yes, as hard as it might be to believe, there are almost 5000 Cryptocurrencies in existence in Coinmarketcap but you have to know that the majority of them are almost dead and are just hanging on by a tiny thread, I know several projects that has already exited scam but are still listed on CMC, j also remember reading an article recently about 2000 ICO projects studied from 2018 and about 600 of them has not written a single line of code since their ICO, these ones are heading to the trash can soon and other new ones would likely replace them and the circle of shitcoin continues.

I honestly believe that within several years, 90 percent of all currently live exchanges and coins would die off and we would only have the strongest coins and exchanges on the market. Unfortunately, this is how it works.

volume is purely based on the interest you have on the concern currency but we cannot assure that that will be possible with the every altcoins so so try to be more active and choose your right coin as soon as possible.
If we I want to see the great volume in every exchanges and its life span simply we cannot be sure what exacting will be happen in near future but image but all the time it will not be true.

All such exchanges will sooner or later face huge liquidity problems, due to the fact that most of the coins will fall in price, which by itself will lead to avalanche-like withdrawals of money from the platform by users.
The only thing that exchanges can do is reduce the number of pairs to meet liquidity, which in the end will lead to the closure of weak little useful exchanges.

I wanna disagree with that, with over 90 percent of current exchanges and coins will die that no longer generates volume. This how i believe that sooner it changes world into digital ways of living the continuous innovation and development of technology makes it boost the demand of digital currency. Which remain steady with the coin and exchange that has a real used.

It is impossible for all exchanges to remain in operation.  Exchanges thrive on profit from listing new coins/tokens trades and withdrawals.  If the volume of trades on the exchange is low, the exchange will start running at a loss.  This is the major reason why many are going under: low volume of trades due to bearish market.

'Markets' meaning exchanges?  That number sounds extremely high to me.  And boy, that's a lot of different coins and/or tokens.  I don't know about liquidity, but I'd be willing to bet that most of those are dead coins that don't have *any* liquidity or miners or any way to sell them.

One day I would imagine that the number of exchanges will drop dramatically, because there's really no need for all of them.  I have always thought that a big one like Binance might start buying little ones out, which is usually what happens in the corporate world when there's too much competition.  And I also think smaller exchanges just won't stay in business long if there are really over 20,000 of them.  That's too many.

It isn't *just* that.  How many exchanges can possibly make a profit when only a small fraction of the world population even owns any crypto?  It's supply and demand, and as regards exchanges there is too much supply and not nearly enough demand to keep them all in business.

Many exchanges that were set up for the purpose of just making money from customers and never think of how to better the ecosystem will just fade away like coinexchnage and co, when they can no longer get liquidity and inability to pay staff and maintain the cost of operations.

Exchange is always alive when the coins that are being listed over there is alive too, that is the reason why sometimes they remove unactive coin due to for them to create space for new coins that has potential and has a better people who supported it. We need to realize that exchange is just an only exchange waiting for alts to come back.

The simple and blunt truth is, NO. Many exchanges aren't even created for any concrete reason, some don't even have any concept rather than just host an exchange and hope to list new projects. Also, as a result of IEO many exchanges have been created or looks like they are active. Just like other projects or platform in this space, which keeps dying as a result of lack of updates or ideas, same will be the fate of most exchanges in time to come. So be careful of where you keep your funds as well as where you trade.

Of course, not all exchanges will be alive in the future. It's impossible. Here the same situation as with new projects. Someone just doesn't have the strength and knowledge to make their platform really successful. Now there is a lot of competition.

It is good that we will have so many exchanges. They all have different conditions and everyone can choose a stock exchange that he likes. So I don't see anything wrong with this situation.

I think that with the advent of DEXs, a lot of the more incompetent centralised exchanges will be wiped out as a matter of time.

So no, there are a lot of exchanges that are completely unregulated and surviving off altcoins that have very low liquidity and a lack of markets elsewhere, creating a niche for themselves that way. Once these alts start dying, the exchanges will also die alongside them.

Don't be surprised either if DEXs become very popular in the next decade or so, and have a very detrimental impact on the popularity of platforms who don't have a decentralised exchange developed by that stage.

Many other exchanges are having problems like Coinexchange and in the near future, there will be many other exchanges that will stop working because cannot create good liquidity for investors. I think some exchanges like Idax, latoken, p2pb2b will soon stop working because most of the coins listed here have low liquidity and fake trading volume is the main reason that investors Feel not interested in participating.

However, this is just my personal opinion and everything still depends on how the exchange develops but it is best to keep only big exchanges in this market.

We don't know for sure. What's happening right now is there are some exchange that are closing because it's business, you might also get rekt. But I believe on some exchange that will still be alive in the future like binance, bittrex, okex and many more. If those exchange now will not survive this, there would still be exchange in the future. It's like a broker in forex and will forever be there.

of course when cryptocurrency develops rapidly, the number of exchanges will increase. but only exchanges that have a reputation, trading volume, have high liquidity and are well-known that investors can trust and survive in cryptocurrency. many exchanges I think are not a problem as long as we can choose the right exchange and avoid scam exchanges.

Cryptocurrency is the future, many new projects are going to come, and the competition is going to be stiff and hard, there will be a lot of purge going on along the way, so you need to educate yourself on how to trace the right project to invest, it will be easy if you arm yourself with the right knowledge to trace what projects to support and what is not.

The number of exchange will increase in the future indeed, but we cannot avoid the fact some of it are closing to the point of low volume and lack of users. Many things could happen in the future so as a user and a trader we must choose the best exchange that we could have get benefits of. Even many exchanges will exists our own right to assess it.

To be honest, we don't need these tons of exchange sites where in fact only few are doing fairly good in terms of liquidity and credibility. And with that, only few will survive and we can actually predict some of it now, moreover they will develop more.

Hopefully and it sucks when a CEX ask for a kyc. Wth.

I hope all exchanger will be going alive soon in the future if investors and traders will back in cryptocurrency, Because trading is not profitable and thats the point so many of traders leave in crypto and afraid to put money again in trading.

It's understandable exchange and Cryptocurrency business is a multi billion dollar business, and every one wants to have a project in this industry, we have so many new coins, sop many exchanges already, go to the the announcement section and the bounty section and see the many new project creating an announcement, they are still creating even if majority of investors are now ignoring them.

We already see some of them closing down and high probabilities that other exchange will follow since there are so many exchange  got low volume and for that case maybe in future they will officially shut off and also it's not a surprise to see those new exchange comes since it's expected already and hopefully there is one that can compete binance so that there will be exciting things to watch for.

Over 10 year old exchange with over 1.3 million users shutting down on January 6, 2020
https://www.virwox.com/news_archive.php

You cant expect to have that more volume and liquidity considering on all the number of current exchangers as of this moment.If you do try to count the number of people who do make use of exchangers and
the numbers of the platforms then i would say that its already too much.It doesnt really need nor necessary to have lots of it yet even a few numbers lets say 5-8 exchangers would be enough imho but
people wont really stop on making one yet they do know on how profitable it would be on having an exchange specially if it do able to succeed on getting some users.

The exchange serves users. If it does not have real users and changes the price at will, it will eventually fail. So an exchange can survive for a long time, you must check how many users it has.

Many crypto markets are known for fake volume or crappy exchanges, since I've been in crypto space i only recognise 10 crypto markets are they are mostly top exchanges, whether they will live long or not i don't know, especially centralized exchanges that can get hacked anytime, you want my advice? Don't leave coins on exchanges for long

same here .  i only recognize a few but why would you try to use others or many more exchange when others are just crappy and faulty  ?  better if we can only stick to one or two because they already got what we need  .  however even the top exchanges are also not perfect    . some complaints arises on the past that exchanges like binance having a fake volume and liquidity   . a complaint also about bad coins listing and stuffs like that , etc  but still it isnt alarming at all  .

We dont really need lots of exchangers and as said 2 or 3 would really be enough but come to think that there were lots of different markets
not only a single platform would able to launched up and also there are regulations needed to be complied on said exchange.

Also, lots of investors will surely consider on building an exchange.Why? because this one is a profitable business.We saw the demand and thats why
its impossible to think that we would only have a few.

As long as the exchange are still operating, they can be considered alive but there is a big difference between alive and profitable exchange, and I believe only few of the exchanges are profitable compared to the number of exchanges. you can clearly see than in the list https://coinmarketcap.com/rankings/exchanges/, there are only few who have a good volume and its also not guaranteed that those exchanges who have a big volume are not telling its real volume.

Not all exchange working fairly regarding volume and liquidity.
The current exchange business model is combined with shitICO/IEO which just looking for profitable without credibility, it is only a matter of time when they will shutdown and take the profit.

Always DYOR when you choose an exchange.

Absolutely they are still going to exist, they are an integral part of the industry, any investment and trading industry needs exchange for the community, they are going to stay and we will see many new projects about an exchange, but not all of them will succeed, only those who had the tech and the money can stay in the competition.

Nothing can kill centralized exchange as far as coins and tokens are still alive, many more exchanges will come around and the better exchanges among them will beat the old exchanges, all this are so normal, if we have more exchanges it won't affect anything compared to having more new coins when many are rubbish projects