Too many new Exchanges

[Shazxdx]

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.

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[baconlike]

Because the exchange places are always more profitable. So now there are too many bad exchanges and almost no one exchanges any coins on it.

[Jating]

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.

I don't think that we can do about it. Exchanges are popping because crypto market is a billion dollar industry now. Everyone wants to get a slice of the pie that's why venture capitalist are willing to raise money and put up a trading exchanges. Of course trust will be a big problem for new comers, they have to proved themselves otherwise no one will take a chance of them.

On the other hand, pump groups can take advantage of new trading sites and continue their manipulations of shitcoins that those exchanges are listing. There's some drawback but its really up to us to whether go with them or completely continue trading with the likes of Binance or OKex.

[Rahar02]

It's not a problem, more exchanges mean more options to trade, as long as you know the risk, certainly we have to check and read some reviews about those exchanges. If there are many people trade so well in those exchanges, then it's good enough.
Besides, more exchanges bring positive competition which may reduce fees as people tend to choose exchanges with lower fees rather than one big exchange dominate the market.

[Crypto Girl]

It's not a problem, more exchanges mean more options to trade, as long as you know the risk, certainly we have to check and read some reviews about those exchanges. If there are many people trade so well in those exchanges, then it's good enough.
Besides, more exchanges bring positive competition which may reduce fees as people tend to choose exchanges with lower fees rather than one big exchange dominate the market.

I agree with this and besides it all depends on the liquidity of the platform. So the higher trading volume more traders will get attracted to use it. I mean even there's a lot of exchanges right now we still do have our top picks to use and earn our trust.  And I believe regulations will just harm the market so let just leave it the way we want to.

[supermine]

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.

I don't see any issue with many new exchanges emerging,I hope this will increase the user experience of the exchanges because the current reputed exchanges even have bad community support whenever we face problems so if someone providing better support then the competition will increase so they will offer better services.As you said maybe trust issue will occur when they create new exchange but we can find the legitimacy of them if we watch them keenly like promotion and the support providing,etc.

[charlotte04]

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.

Somehow people use those many exchanges for making a lot of profits by just making an arbitrage trading. But I do agree that we should have only limited and regulated exchange in order for us to have less risk for having a scam exchange.

[Tory-Tory]

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.

I think that it is not necessary to limit. A natural competitive selection will put everything in its place. In addition to the issue of trust, there is still a habit. For example, I do not want to leave some of the exchanges, because I'm very used to the interface and mechanics of some exchanges.

[apityeh71]

Currently there are more than 200 different exchanges in the crypto market,  and actually this is good for crypto market,  more exchanges will be more demand for crypto. And more competition between all exchanges,  the quality and the service will be more good too.

[plpatel]

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.

Well, I guess exchange business is very profitable business therefore we see these spike in exchange openings.
Even with these many exchanges being opened, most of these exchanges lack volumes. Which I guess is the deciding factor when a operating an exchange, to get it's share of the profit from its customers / users.
Secondly, the most successful and established exchanges, having hefty volumes of trades, demands very high listing price. Which I guess, most of the coin / token developers cannot afford. Thus it is where the newly opened exchanges comes into play, where they charge minimal listing fees or even offer to list via community voting for free.

[wayancrypto]

Too many new exchanges launched now because they been look in to others big exchanges like Binance that can earn alot of profit monthly.  Exchanges like Binance was earn multi billion dolar, so many others developer also want to be success like Binance. Many exchanges is very good for crypto market because with many choice, we will know the quality of service and product each others.

[redtag070]

With various restrictions, I think that exchanges are increasing.
Since investors are already talking about investors, it is likely that exchanges will be culled in the future.


Anxiously, doing exchanges without having sufficient technology.
Publishing an exchange means being a target of hackers all over the world.

This leads to a collapse of the value of the currency. Many small exchanges are not prepared for the risk.

[allahabadi]

I don't find any issues as long as they are legit.

More exchanges will compete for better services and better price.

[diangunz]

the more exchanges are good ,, give new token or coin opportunity to immediately relese to exchange, because many successful ico but not enter in exchange and also we more choice to use good exchange and complete feature ,, to exchange that bad we just leave it ,,

[chichidori]

The profit that each team or dev. can make in a well build exchange platform is millions of dollars or it could be billions if the exchange security is top notch and the costumer service is fast unlike any other exchange, tickets are answered months after it was filed

[harizen]

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.

Strong competition will lead for other exchanges, new or old, to bring more satisfaction to it's clients. It's way better than we are only dealing with few exchanges around as long as they are legit* and people knows the risks of doing trades at any exchanges.

Being trustworthy is one of the most concern thing for a trader. If there are lots of exchanges around, building trust will be one of the priority for every exchange to compete with their competitors therefore expect good and positive service from them, at least.

Generally, it's up for a trader on how to deal with that concern. Even there are lots of exchanges around, if the traders knows the risks they can able to handled it along the way.

[clickerz]

Currently there are more than 200 different exchanges in the crypto market,  and actually this is good for crypto market,  more exchanges will be more demand for crypto. And more competition between all exchanges,  the quality and the service will be more good too.

That's true. There is also an explosion on exchanges that many are sprouting up. We know that the top exchanges a announce their earnings to more than hundreds of million of dollars meaning there is an opportunity here. I hope that they can improve their services and being regulated enough from where they are operating because this is a serious business and people will lose if anything goes wrong.

[jankekek]

Like you ! I also see that there are too new crypto exchanges where we can trade our tokens or altcoins but we don't know if those exchanges are legit or not. That's why I recommend to slightly avoid depositing our funds to those exchange/s because we don't totally know them yet. It is better to trade our cryptos on exchanges which already listed on coinmarketcap.

[duyduc256]

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.

A lot of new exchanges have taken place and most have come from ICO projects. I think when the demand for investment is high, they will choose new exchanges with great potential for investment. However, the more you trade, the more scams you will get because new investors are more likely to make mistakes. We should be more careful and make a wise choice

[so98nn]

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.

It's a little hard to talk about regulation and I think the competition that they have brought into the market might just be beneficial for the seasoned investor, granted that they stay cautious. But I would suggest new comers to stay away from them. I myself have always been loyal to one or two trading exchanges all the time I have been here and I think that is the safer and smarter strategy.