Could exchanges leverage on the current market trend to woo new investors?

[so98nn]

Ahh, the current surge seems to be the result of the halving period that is on the way. We have seen this trend all the time in the past halving also. This doesn't prove that adoption is imminent and frankly, I have seen such discussions right before the halving only or whenever Bitcoin is hiking in terms of prices and its market capital.

The adoption would be when we see the Bitcoin use case in different industrial and non-industrial sectors. Imagine seeing large volumes getting driven by big industries within the country and overseas, at least 5 out of 10 stores and vendors accepting Bitcoin for daily transactions, and at least a significant amount of the population accepting the same. Then we can safely say that Bitcoin has been adopted.

Considering the demand and supply formula that was set by Satoshi, the new investors will keep coming anyhow. They know that or at least they will sense with time how Bitcoin prices are going up. I mean just look at it, when it started and how it is going right now! Investors will surely come.

[slaman29]

Just be a good exchange. Transparent and licensed and always fair fees. Make it better faster safer than a bank, now thats how you drive adoption man.

People in the crypto space needs their services for convenient and reliable means of crypto transactions, and also to reduce the chances of being scammed in two party p2p.

We're talking about cexs here and that to me has almost nothing to do with p2p.

CEXs being more secure and transparent is an improvement of system, not of network. I see network improvements to be what secures p2p more (talking about smart contract and escrow all on blockchain).

Believe me, if you take proper precaution with p2p you are way safer than using any CEX.

[R1dwanRz]

With the current market condition, I think this is an opportunity for exchanges to leverage and attract new users by dishing out beneficial events to users in order to further encourage mass adoption. Do you share the same sentiment or you have divergent opinion? Let's discuss.

Lol if exchanges only learn to rely on bull markets or positive sentiments like now, then they better be prepared to lose business longterm.

"Dishing out beneficial events" you mean like Binance did all the time? They eventually got in trouble for that. Or how about Kucoin now in trouble also? Their primary activity was dishing out events.

Just be a good exchange. Transparent and licensed and always fair fees. Make it better faster safer than a bank, now thats how you drive adoption man.

Talking about licensing and transparency, I think Bitget stands out in that plus am trying to figure out how Binance and Kucoin got into trouble just by dishing out beneficial events because I love participating in trading events and I have been doing it with Bitget and I haven't heard any ugly report about them anyways. Just like your first paragraph rightly pointed out, exchanges depending on bull market for survival will be out of business in no time and that's why ecosystem development is key. Of course some exchanges have been doing really well in that regard.

While events can be a great way to attract users, long-term success relies on building a robust ecosystem and fostering trust.  Transparency, fair fees, and reliable service are key pillars, just like you mentioned. Ultimately, users want an exchange they can depend on, bull market or not.