They said more competition will lead to good service, and of course we all like better rates so hopefully these exchange can make a difference.
Yep. Pretty much may monopoly ang Coins.ph sa Philippine markets dahil sure ako na minority lang ang gumagamit ng Abra. Hopefully may lumabas na competitor na may better rates vs Coins.ph. Nalalakihan ako masyado sa rates kaya napipilitan akong sa ibang tao magbenta.
That depends sa mentality ng mga Pinoy crypto users. Noong dinidiscuss ang ibang live na palitan dito as alternative sa coins.ph, the usual response is "bakit ka pa gagamit ng iba?" o kaya naman eh "dito na ako sa subok na".
Subok naman na talaga ang coins.ph. Problema lamang sa kanila is yung malaking spread, high fees especially sa cash-outs at hindi buong kontrolado ng users ang wallets nila (walang private keys).
If any of those newly registered exchanges can come up with ideas or solutions on the current market problems, malamang magbabago pananaw ng mga kapwa natin Pinoy.
Hopefully, none of those exchanges would be profit-oriented and would opt for the well being of their users.