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Author Topic: What exchanges will survive?  (Read 1354 times)
gabmen
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December 08, 2018, 04:49:53 PM
 #241

Many exchanges haven't been fair with their dealings with customers, so it is highly likely that they wouldn't survive for long. In my opinion, exchanges such as Binance, Bittrex, Poloniex and KuCoin will definitely survive for long.

Well even these exchanges you're talking about that's not being fair with their customers have a lot of dealings still. And they're drawing in a lot of money regardless of the market's state. Establishes and old exchanges have a higher survival rate than new ones since they already have their own folowing.

 
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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December 09, 2018, 01:18:47 AM
 #242

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December 09, 2018, 01:58:12 AM
 #243

New exchanges continue to emerge and this is good for users because there are more choices for crypto trading. but the exchange will continue to be tested for their existence with services provided whether traders will continue to arrive or even leave. I believe binary, huobi, bittrex, OKEx, IDEX and also photos will last a minimum of 2 years

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December 09, 2018, 05:16:26 AM
 #244

Every exchange can possibly survive this dilemma but the most possible chance is who can survive is the reputed exchanges that built up the trust of their users. 
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December 09, 2018, 07:34:31 AM
 #245

There is a Korean exchange whose airdrop campaigns MemberPass is working on. I think they have a great model with transaction fee mining. I believe this type of exchanges will be around.
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December 09, 2018, 08:04:28 AM
 #246

For some reason, I have my faith on Bittrex.
But everyone is talking about coins and ICOs but I tend to believe most of the exchanges will be closed soon.
An exchange is a hell of a thing.


I have observed that exchanges are now rampant in the crypto space like Altcoins that they becoming more and more in which many of them are now crap. Sometimes i wonder if having lot of exchange for the sake of competition is really helpful in the market but i considered Bittrex is a good exchange that it will survived together with Binance, Kucoin and HitBTC.

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December 09, 2018, 04:28:38 PM
 #247

That is a difficult question to answer, because the most simple of the answers that I can think is that those exchanges that are going to survive are those that make profits and that are trusted by the community, but creating and maintaining an exchange is something very complex, exchanges are under a lot of pressure by governments to implement know your customer policies and to ask for more information from their clients.

This means that some exchanges could survive or could disappear based just on the jurisdiction in which they are located, because there are going to be governments which will be opposed to the idea of cryptocurrencies growing in power while other governments will be fine with that idea.

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