Bitcoin Forum

Economy => Trading Discussion => Topic started by: xiaomei on April 11, 2012, 08:12:55 PM



Title: Is there a need for a new exchange?
Post by: xiaomei on April 11, 2012, 08:12:55 PM
What do you think current exchanges lack in terms of customer service, features, etc?


Title: Re: Is there a need for a new exchange?
Post by: Stephen Gornick on April 11, 2012, 10:50:23 PM
If it is just BTC/USD then probably not much need and will be hard to get to where there is liquidity.

If it happens to have BTC/USD but also offers:

BTC/MXN
BTC/KRW
BTC/TRY
etc.
with bank transfers as funding and withdrawal then yes, those are unserved markets in need.


or it will convert cash in and cash out methods that nobody else has
e.g.,
BTC <--> M-Pesa
or
BTC <--> Barclay's PingIT
or
prepaid card cards --> BTC (e.g., partnership with Plastic Jungle)
or
MoneyPak --> BTC

etc.



Title: Re: Is there a need for a new exchange?
Post by: zer0 on April 11, 2012, 11:35:27 PM
More fixed rate exchangers in Korea/China/Europe would be great success


Title: Re: Is there a need for a new exchange?
Post by: xiaomei on April 12, 2012, 01:30:26 AM
The BTC/USD liquidity is high. But offline payments have not gained much traction. Is there need for a mobile payment escrow service?


Title: Re: Is there a need for a new exchange?
Post by: the joint on April 12, 2012, 01:31:46 AM
We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.


Title: Re: Is there a need for a new exchange?
Post by: Stephen Gornick on April 12, 2012, 03:32:26 AM
We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.

Insuring what?


Title: Re: Is there a need for a new exchange?
Post by: the joint on April 12, 2012, 03:34:09 AM
We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.

Insuring what?


Deposits/account balances.


Title: Re: Is there a need for a new exchange?
Post by: xiaomei on April 12, 2012, 04:26:56 AM
Traditional exchanges (CME, NYSE, etc) hold up customers' funds to provide insurance against any one market participant lose enough funds so they are unable to cover margin loses.  Is this what you mean?