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With alot of competition between exchange, so they will offer something different by offer more benefits to attrack trader. Which exchange that offer better product they will be number 1, and others exchange that not creatif to offer something different and more quality product, they will decrease in trading volume and number of trader. So more exchange in the market is good for trader and crypto community.
Usually one of the reasons why I do not have problem with more exchanges popping up. We have seen so many exchanges coming up with great ideas, and then trying to bring something fresh to the space. It is only when there is no competition that people will always just have to deal with any bullshit rubbed on them, but in this way, when there are lots of exchanges trying to do right and making sure they also get some attention, no exchange will want to end up flopping in most cases. For instance, we know when Binance came with a very low fee, that really challenged a lot of exchanges both new and old, and that is what I believe we should be seeing more of.
I agree with your opinion, so far as it comes to exchange platform Binance is the best. It has almost coins needed. And lets see for new projects to be appeared on the market.
I have recently popped on one, I become interested about, since Im looking to start trading with a low fees and start investments.
SociumTrade platform - not much information yet out, i was surprised after checking their Roadmap, they have been working on product like a couple of years and yet its just about to be released. One thing I like about it, that if the project going to work well, they have an investment pools and consortsiums, where you can join in with investments and trade with others, i haven't come across that option before in any exchange. As for other options, mainly same as in exchanges, just more advanced. And If you know one, give a hint and Ill check. As thats what Im looking for.
They have a lending funds option too, like an online pawnshop ...still need more details on how it will work and what you will need to take a loan.
