Is there really a need for lot of new exchanges?

[slaman29]

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

I'm not surprised I only recognized three from your list. But you know what? If we all really want the domination to end from centralized exchanges, who just keep holding us hostage to whatever random and arbitrary laws that they come up with whenever they feel like it, then this will be the future that must happen.

I guess the point of decentralization is just that. Many exchanges to choose from, and market competition is free. Just like Bitcoin. Doesn't matter if there are 100 wallets and 100 explorers. We can all use them and use any or all. Doesn't have to one big wallet that everyone must use. And the coin and all of crypto is far better because of this.

[h0lybyte]

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

Yeah, if we compare existing exchanges like etherdelta,hitbtc, these are all confusing trading platforms and a lot of people are not able to understand how to trade there.
Some ask for private keys, some charge irregular fee. I think crypto enthusiasts have really need for many new exchanges which have simple user interface just like changelly.
Also the exchange should be able to support exchange between tokens to bitcoin.

[IAMYOURLEADER]

I don't see anything wrong with it. Traders will benefit with these because they can try which of them are better than the other like the old ones. And also it will give more opportunities for an arbitrage so imagine if all those exchanges listed one of your coins therefore there's a huge possiblity that one of those has lower or higher selling and buying prices.

[wxa7115]

I believe that there is a clear need for new encryption exchanges. There is a very urgent need for an exchange that would constantly trade all tokens issued as a result of the ICO. Of course, those who have not yet died completely. Here, of course, there are a number of difficulties, because the stock exchanges have their own rules and at the same time it is almost impossible to tinter all coins. Then you need to increase the number of such exchanges so that the choice is much larger.

This will need to come from decentralized exchanges, I hear that some exchanges are charging money to the developers of new project in order to list their coins and that is just pure extortion because as we know if a token is not listed on an exchange it is going to be very difficult to trade it, so decentralized exchanges are going to be the ones to add all the coins they can so they can attract more costumers to use their services.

[joeydangerous]

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

The more exchanges, the less likely it would be for that MT. Gox scenario to happen again. There is a bunch of junk exchanges though, watch out.

[RedX]

There are still features that an exchange can offer that old or popular exchanges doesn't have. And if you heard, traders always complain about the support system of bittrex and polo with verification and error issues so that's why we need new exchanges that can offer much better than that.

[virasog]

There are fewer than 100 exchanges, and there are fewer than 10 trusted exchanges, fewer than 5 well used and trafficked sites and that is nowhere near the number that would make it worth posting here. I do not know what you think would be a better number, but you have picked a strange number to attack, there are way too many coins, too many invested ICO's and such, but the exchanges are right where they need to be.

[leea-1334]

There are fewer than 100 exchanges, and there are fewer than 10 trusted exchanges, fewer than 5 well used and trafficked sites and that is nowhere near the number that would make it worth posting here. I do not know what you think would be a better number, but you have picked a strange number to attack, there are way too many coins, too many invested ICO's and such, but the exchanges are right where they need to be.

I must say you have a huge list of trusted exchanges! I use a few major ones which I might score 6 on a scale of 1 - 10 for reliability, and perhaps I would "trust" decentralized exchanges like Waves with a 8 score. Then again, I don't have to trust Waves or any other Dex to use them and that is their biggest advantage over the others. Whatever balances they say I have on my wallets, I can verify on any explorer.

Poloniex et al can say whatever they want me to see, and I will not be able to breathe with relief until I get my coins back from them.

[Oo ako to]

You don't have to worry about those new exchanges because only those which are very useful will remain in the business. It's not really a problem but instead a benefit for us because they are going to compete with each other which means better service for us.

[wxa7115]

Is there really a need for lot of new exchanges?

I could think of the following -
1) COSS
2) Kyber
3) 0x
4) Waves
5) WBB's exchange
6) XBY's X-Change

Other than decentralization in what else these exchanges have to offer

I'm not surprised I only recognized three from your list. But you know what? If we all really want the domination to end from centralized exchanges, who just keep holding us hostage to whatever random and arbitrary laws that they come up with whenever they feel like it, then this will be the future that must happen.

I guess the point of decentralization is just that. Many exchanges to choose from, and market competition is free. Just like Bitcoin. Doesn't matter if there are 100 wallets and 100 explorers. We can all use them and use any or all. Doesn't have to one big wallet that everyone must use. And the coin and all of crypto is far better because of this.

This is why we need decentralized exchanges, centralized exchanges are going to be intervened by governments at some point, just look at what happened in china and the only defense against such an overwhelming centralized force is to be dispersed, we need many exchanges and if possible we want them to be decentralized exchanges so governments cannot just go to the CEO and shut down everything.

[The Rose Rain]

we need, the more stock markets are opened, the more developed it becomes, every fail will be turned as an experience for cryipto currency world.

[The Crypto Peasant]

I dont really believe there is a huge need for more. i believe there is a massive need for alot more simplified exchanges. for the masses. alot of people are scared of investing on crypto as a fair bit of it is confusing for some.

[BigTeeths]

It's a bussines so it's up to them if they want to build one and they are not forcing you to trade on their site if you don't really want. I don't know why this is making you annoyed because the market will have always its competitor so you should have expected it.

[Herlina]

Personally I need new exchange because The bad service from centralized exchange has disappointed me
With many new exchanges then the competition in business will be more fierce, and the exchange will race to provide the best service for the customers
So this is good for the exchange revolution

[imsotiredofmoviereboots]

There are still some things that I am not happy about in many popular exchanges so it's a good news for me that a lot of exchanges are coming in could will fulfill my needs in terms of services and experience.

[dark1234]

With this new exchange exchange will enable us to choose where we will exchange and many pricing options that we can compare and this is all we need by all of us.

[wxa7115]

There are fewer than 100 exchanges, and there are fewer than 10 trusted exchanges, fewer than 5 well used and trafficked sites and that is nowhere near the number that would make it worth posting here. I do not know what you think would be a better number, but you have picked a strange number to attack, there are way too many coins, too many invested ICO's and such, but the exchanges are right where they need to be.

Also as more people begin to enter the crypto market and more money begins to move in bitcoin the more exchanges we are going to need, we cannot keep using the same exchanges, new exchanges with new ideas and new services needs to come up, it is not healthy for an industry that the same guys are always at the top we need new blood and fresh ideas to keep pushing exchanges forward.

[nelmari]

No, I don't think there is a need however they should really try to improve the current exchanges that are present and should hire more support to answer all concerns right away.

[sunsilk]

No, I don't think there is a need however they should really try to improve the current exchanges that are present and should hire more support to answer all concerns right away.

I'm thinking that there's a need for a lot of new exchanges. As a trader, it's an advantage to have a lot of exchanges in our own choice.

Let them take the competition and beat each others services base on the satisfaction that they can give to the gamblers. I did noticed the lack of supports but not all of them does have a very poor support though.

Sometimes we are just in a hurry and while waiting for an answer to our query, we are rushing it and can't be patient anymore. I did addressed some problems with popular exchanges before and I understand why they are replying late and this is what they should consider.

[carlfebz2]

No, I don't think there is a need however they should really try to improve the current exchanges that are present and should hire more support to answer all concerns right away.

I'm thinking that there's a need for a lot of new exchanges. As a trader, it's an advantage to have a lot of exchanges in our own choice.

Let them take the competition and beat each others services base on the satisfaction that they can give to the gamblers. I did noticed the lack of supports but not all of them does have a very poor support though.

Sometimes we are just in a hurry and while waiting for an answer to our query, we are rushing it and can't be patient anymore. I did addressed some problems with popular exchanges before and I understand why they are replying late and this is what they should consider.

I agree on the same thing which I do really much prefer to have a lots of exchanges so that as a trader we do really have lots of options on where we would decide to trade. Competition would really be here since lots of people would really decide to make their own exchange which this kind of business is really profitable if you did able to get the trust of the community. Support is one of the most important thing when it comes on this kind of sites because people do really like to have a fast and responsive support on any sites that they are using.