Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
More exchange also lead to some result:
- More competitive so quality of exchange will better, trader will get more benefit ( fee, speed transaction...)
- Many small exchange can give more risk for new trader: bad security, no accept to withdraw...
For me i prefer Binance.
Big exchange also currently very competitive even some of them offering low fees but rather than try new exchange which possible scam i think more better to stick to reputable exchange however binance also good but i personally more prefer bittrex