Bitcoin Forum

I think the many exchanges we have is in the right direction. The world of cryptocurrency is growing or advancing almost everyday as new projects are emerging through the ever popular blockchain technology.  At the moment, there are many coins that are competing on the market, we need more exchanges to ensure that there is a fair competition on the market so the exchanges can provide the best of services for the numerous crypto enthusiasts.

Yes alot of new exchange come in to crypto market now, i can compared in 3 years ago its only about 20 to 30 exchange that operated. But since 2017 untill now the number of the crypto exchange is growth. I think they have  seen successfully of Binance that earned alot of money. Just in 1 years Binance has amillion user, and offer some good product to the customer. The important for all exchange is they should manage the exchange just like Binance did, and expand to others country to introduce the product and while to promote advantages of crypto and blockchain technology.

I agree with that, many exchanges will create many project can replace their coin for listing. Exchanges help us to increase asset with trading and investment method but how they give us solution and easy rules is also important. Built exchanges is not easy, they must have powerful system that can give protection about users data and transactions. Experience support to help customers with their problem. Bonus or referral program to make another users keep stay and help increase exchanges performance. Many exchanges is good for us, good luck all.

Definitely, more exchanges mean crypto growth is at a good rate, and with many exchanges we can choose the exchanges that fit with our liking, and it also increase the arbitrage chances, so its a positive development to see many exchanges keep on popping out, but the users also need to be aware some of the exchanges are scam and got weak security

But also there are many scam sites as well so you need to be careful while depositing your cryptos on new exchanges first of all you need to read the feedbacks about those exchanges if there is nothing found then better go for the better exchange.

I saw that many new exchanges had emerged for the market for tokens and coins that had just appeared or needed to develop. we only need to choose the exchange criteria that match the coins or tokens starting from those that have expensive listing prices but are already very popular or free exchange but have a high withdrawal fee

Yes off course more exchanges means more investors to the crypto currency and thus more volume following that one. I guess its definitely true that when exchanger is added into the market and if existing coins are listed over it then people tend to buy it more and thus over the time the crypto market rises hugely for this specific coin. So this is nothing but good to see more exchangers coming live. They just push the economy of the crypto currencies ahead and this is what we need for now. Until the time crypto reaches to a point where economy is hard to drop then we can say that we dont need anymore exchangers but for now its mandatory.

I do believe the existence of the numerous exchanges is having a positive impact in the right direction as there is a healthy relationship in the crypto space. I believe in healthy competition so that the exchanges can give off their best to their customers. This is really great for crypto.

It's good that the amount of cryptocurrency exchange platfroms is rising,but most of the crypto exchanges (the small ones)use the same programming script/template.That means that they are exactly the same and they offer little to no added value,in terms of customer services or transaction fees.
I don't know why would somebody choose a small crypto exchange instead of Poloniex or Bittrex?

It sounds reasonable to have more exchanges than we currently do have, it breaks the power of monopoly of some of the big exchanges and therefore less changes of their being used as a tool for market manipulation. Also, if there are more exchanges, it gives the smaller projects a fair chance to compete in the market as they will have the opportunity to be listed and further developed.

The crypto world is increase the altcoin and increase the exchanges but we are all growing so technology is improved and scam projects also increased so peoples are not ready to participate in new exchanges. I think already many good exchanges are available but few promising exchanges is listing the more cryptocurrency. So we need good altcoin in this situation because enough exchanges are available in the market

If number of the crypto currency is growing day by day then surely we need more exchangers to take the bullet as well. If single exchanger starts listing all the coins that are getting formed these days then it could lead to adverse effect too. For example, if the exchanger with all the coins got hacked then it will have major impact on the coins that are held within the exchanger. Just imagine it would cost so much to the exchanger itself as well as it will destroy holdings of many people/traders. So its great that we are seeing lot of new exchangers and thus they will also increase the security by diversifying new techs within them.

Having more exchanges is good but it would have been better if they had a form of regulation so that any of them can't just do what they want all in the name of making profit. Like manipulation that goes on.

Also, having it will create some level for icos who can't afford the price for exchanges to have other options.

I don't see a lot of sense in that. That many coins competing on the market doesn't warrant yet more exchanges as this multitude of coins doesn't add any real value to crypto. The total majority of them are going to disappear soon, and they would be only pain in the ass of an exchange that lists them. What we actually need are truly decentralized and distributed exchanges but these are not possible unless most coins implement updates to their protocols allowing atomic swaps between cryptocurrencies in a consistent way, real time. We are ages from that yet

Anyway, you already have Yobit, and that's more than enough if you ask me

We sure really do need a lot of them as much as possible and that would really create a huge competition among the exchanges that we will end up having. Having just very few means anything goes, but with competition, as a trader, you can choose to decide on which platform that suits you best after looking at all the various features and the benefits you derive from the exchange. For instance, with Binance and the fees, we can see how much that really got the interest of the traders.

Its quite good that many exchanges exist in this industry now. The importance of having many exchanges is that, their would be good volume in this market with many exchanges. This is the advantage

I am only particularly worried about the genuinety of these emerging exchanges, a lot of exchanges have crashed in the past and so many made away with people's funds, the proliferation is good, at least it will give a wider option for traders to make choices and listing to be made easier but these exchanges to be regulated should be more worthwhile.

This is what I like about the fact that with so many exchanges coming now it's not a good thing where there are a lot of scam exchange cases, it scares many people and in the end they don't try anything new that risks losing a lot of money, can't be blamed that many frauds have entered the market today in the name of ICO and good exchanges, returning to the assessment of many people, I personally to choose an exchange that is definitely its existence and good achievement, something new is very dangerous in this crypto world.

That's wishing for centralization, which to the best of my knowledge is not in the spirit of cryptocurrency. Emergence of more exchanges is desirable but there really isn't much to glory in the number, the quality of their services and the importance they attach to overall security, is what would make anyone of them outstanding.

At any rate, something to be aware is that with this increasing number of exchanges, there would likely be more incidence of hacking. That would simply mean, a good numbers of the exchanges won't be around for long except they mean business.

There are not that many exchanges that actually have the trade volume necessary for you to achieve any sort of reasonable liquidity for your funds, as far as I am aware only the very largest exchanges such as Bittrex and Binance offer extreme liquidity, so you're just going to be liable for price manipulation by playing around on the smaller exchanges, best to avoid them until they grow somewhat.

I think much better that we have a lot of exchanges because as we can see that everyday there's a new coin so much better that we have many exchanges so we have a fair competition. And as of now that many people knowing about crypto more exchanges is better.

Though You are right, But there are many exchanges are not good. They just opened an ICO and then Exchange and stopped! That's why good exchanges volumes keep growing and new exchange can't make good volumes. We need the more good exchange, not a lot of exchanges. Good Exchanges are worth for the crypto market but if you count then you will be surprised that how much exchanges are live right now and we don't know them.

My two satoshis!!

Having a lot of exchanges will not solve the purpose of sustainable growth. The volume is very important parameter as well. Also I am very much worried to see a lot of Chinese exchanges coming to the market. Majority of them do not have proper support system and proper ethical operational guidelines.

You will see almost all of them won't allow you to withdraw money unless you complete KYC verification. Here you need to remember that China is biggest black market of PII data and a breeding ground of black hat hackers.

So it is always better to use old and reputed exchanges for trading instead of rushing towards the new ones. You will never know what they are going to do with your data!!

It is a good thing and a very fantastic advantage for the space to have so many exchanges as that gives room for competition.

We have seen how the space is growing by the day and how it has been so hard for some exchanges to cope with such growth that made the likes of bittrex and binance at some point to stop registration of new users and so on.

With more exchanges with good features, and with very good support and security, I am sure we will start seeing a space in which each exchange is trying to be on top of their game, so they can maintain a top position among the exchanges. We certainly need that ;)!.

And I am pretty sure as we keep forging ahead; the number of exchanges will keep growing in number the more. We can certainly see so many projects springing up already which revolve around the whole exchange thing and that makes up for a lot of the bullshit we have in the past regarding exchanges and I am sure it would really hint each exchange that as long as they are not the only ones on board, they have to be able to keep up with their game to stay relevant.

This exchange operators would not start their business if they did not see that opportunity.
Of course the market is growing and the adoption as well, we need more exchanges in order to trade easily, it could also give us a wide variety of choices
and as a trader this gives us an opportunity to trade in different tradings sites which could help us minimize the risk.

Many exchanger gives us the freedom to choose what value we want and of course gives us choices. We all know that not all the exchanges are have same values. We must know the difference between different exchanger. And choosing the right exchanger is also a strategy for us to earn good and much higher than the other. Overall, having many exchanger is a good thing. And also a teach us to lesrn about choosing the right one exchanger.

It is true but there are also some downsides for having too much exchanges, new exchanges to be exact. I noticed that most of the new exchanges are conducting ICO to get funding and use their tokens/coins as a utility for the exchange and it is a good idea but they would still ask for high fees and that is unlike other older exchanges. To mention they are still new in the industry, how could we trust our funds in that exchanges by the time they would online. I really doubt we need more exchanges, their are some advantages but we don't need more, we just need to support those old exchanges to do better, make live support and keep their security intact.

It had its good side and also the bad sides.
If there are too many exchanges then it will be difficult to monitor all of them.

As we can see there have been a lot of reports of exchanges being hacked. There is a catch though. It needs to be investigated to ensure that they are telling the truth.
I still would prefer a decentralized exchange, but none have much volume by now. Not much supports it anymore.

Yes, it should be like that exchanges and trading platforms should be fair for all the coins that could soar someday. But everything in this world runs with money, and if you want to list or manipulate that coin you need a huge amount of money.

Multiple exchanges are needed for competition but not many. The exchange market is saturated and will leave people confused about the options and where to turn. If you look at most industries there are only between about 2 and 5 major players in the market. This keeps them large enough to enjoy benefits such as economies of scale and recognition but also still encourages competition between them.

I think having many exchanges has both its good and bad side. Good side is that there will be more options for traders, buyers and sellers to choose from which exchanges they want to change their tokens. More reliable and trustworthy exchanges are in the option, but the bad side of having lot of exchanges it that  many people will be confused on what exchanges to trust and offer better rate and service. Also some exchanges especially new exchanges happens to be a scam.

Not necessarily we discover other exchanges about it's services, it is better to stick on exchanges that you feel comfortable and have less transactions fees. 
A lot of exchanges recently create and they are incompetent enough from the old ones

Yes,I'm also agree with you. For more good exchanges, market price will be competitive. People will trust on crypto because of competition of huge people in different currencies. Blockchain technology will be more popular for this. So it will be the best combination

Lots of exchanges to me doesn't scream out security, actually it's the opposite. I just think it's more and more people looking to get a slice of the pie and that can't be good. If exchanges were truly competitive there wouldn't be so much spare money to go around and people wouldn't create all of these crap exchanges.