Too many new Exchanges

[Joyawan13]

indeed we do not need to trade too much on a number of exchanges, and choose exchanges that we think are convenient to trade, especially if we have not traded for a long time, but with so many exchanges there may be many people who like, especially for people who are adept at doing trading.

[1714192090]

1714192090

[1714192090]

1714192090

[1714192090]

1714192090

[tnabielec]

There's as many opinions as there are people but here's mine:

Couple exchanges are enough and here's the reasoning, the liquidity in cryptos in very small to start with. There's huge spread in some exchanges when trying to purchase certain altcoin. This liquidity is even thinner if it's distributed amongst many exchanges.

Security, i'd say it's much easier to make couple exchanges well and extremely secure with the right people, than to spread the right people working on multiple exchanges.

Need, there's simply no need to have multiple exchanges. If the security, liquidity and the exchanges itself work fine, why build another one?

[letecia012]

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.

Its better for exchanges to be regulated this may protect peoples investment so many hacking cases in crypto exchanges happening and its worth million of dollars so i only keep trading in trusted and known exchanges to lessen the risk of being hacked.

[Xardasim]

Yep, nowadays you can see plenty of exchanges. But big problem is most useful exchanges are centralized and they can manage your account. I mean they never give you private key, if there is a problem.

[nydiacaskey01]

No problem with many new exchanges, that means more choices for us where to trade and for developers that means they have more choices too on where to list their tokens or coins. For me, I always go for those that are already up running for a long time and I always look for those that have good feedback. I don't like the idea of being the first one to use a new sites for fear of being scammed and also their site security may not be as secured as advertised.

[brenzosa]

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 got a feeling that creating exchanges can be alot more profitable than creating coin projects.  In crypto, the flow of coins/tokens always flow into exchanges.  No matter we gain or lose in trading, the exchange will get some txn fee from us.  Also, it is very very expensive to get a coin listed on a good exchange.  Binance will charge a million dollar just for listing fee.  I hope to see more exchanges which offers low to free listing and low to free txn fees.

[The Cryptovator]

~snip~

I think it will be better if start regulation for exchange. There is question of security. An exchange should be regulate same as a bank. Because million dollar investing from worldwide. Especially for new exchange, day by day increasing number of new exchange. Recently most of ICO coming with exchange concept to attract investors. That is harmful for people. Btw I would like to suggest for use well reputed exchange for trading in order to prevent scam.

[Isaremj3]

I think it will be better and great if their many exchange now. However, people should be very careful and make finds about any exchange they want to trade on before they can start trading their now.

[Dontme]

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.

You are right threr are now too many exchanges than some people in crypto didn’t know about and just shock when one of their coins listed on it. It’s like using it is just a waste because people not know it and surely it has low volume or no volume there since theres no trader there.

[Ekenegbu123]

In my own opinion, I think that, having a lot of exchanges isn't bad for now but I hope in the future, that their would be less regulated exchanges and this would make crypto more professional and for people to take it serious. People want to invest but looking at how things are, they get scared

[Barcode_]

There would just be more and more crypto-currencies exchanges coming out in the future as the popularity of trading crypto-currencies would surely increase by a huge amount as time goes by, but I think traders should really take a lot of time to research into the crypto-currencies exchanges that they are planning to use as it is important to ensure the team working behind that exchanges is legit and real.

[blackhawkeye1912]

Cryptocurrency is a growing market and involves a tremendous amount of money. Some capitalists are taking advantage of the situation by establishing cryptocurrency exchanges. There are around 500 cryptocurrency exchanges and continuously increasing in numbers. But, only few would satisfy your needs. So, better to choose the good ones.

[iqlimasyadiqa]

Cryptocurrency is a growing market and involves a tremendous amount of money. Some capitalists are taking advantage of the situation by establishing cryptocurrency exchanges. There are around 500 cryptocurrency exchanges and continuously increasing in numbers. But, only few would satisfy your needs. So, better to choose the good ones.

The increasing development of the digital currency automatically increases the amount of exchange available.
But as you said that only a few exchanges have quality and give us comfort.

I think it's better to keep using trusted exchange services like Bittrex and binance.
Never be interested in a new exchange offer, for me it is a risky thing to do.

[Yatsan]

Cryptocurrency is a growing market and involves a tremendous amount of money. Some capitalists are taking advantage of the situation by establishing cryptocurrency exchanges. There are around 500 cryptocurrency exchanges and continuously increasing in numbers. But, only few would satisfy your needs. So, better to choose the good ones.

The increasing development of the digital currency automatically increases the amount of exchange available.
But as you said that only a few exchanges have quality and give us comfort.

I think it's better to keep using trusted exchange services like Bittrex and binance.
Never be interested in a new exchange offer, for me it is a risky thing to do.

Yeah me too, i never put trust on some new exchanges out there centralized or decentralized i  stick trading on old ones.
But sometimes it depends on the coin where it can traded or the availability of the coin. We are getting many exchanges right now and thats because of the booming economy of cryptocurrency.
Is it good or bad for the community? what do you think ?

[blindminer]

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 noticed the same,  too many new exchanges and most projects seem like copycats without additional added value compared to the existing ones. Looking at the weak volume all year you wonder what is the point now.  Last year exchanges like Bittrex stopped to accept new members as the platform run into scaling issues. Kraken was largely not usable anymore in Q4.

Back then it would have been a good entry point for a new exchange,  I am afraid now it is either to lately too early

[Le Anh]

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.

More exchange also lead to some result:
- More competitive so quality of exchange will better, trader will get more benefit ( fee, speed transaction...)
- Many small exchange can give more risk for new trader: bad security, no accept to withdraw...
For me i prefer Binance.

[bering]

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.

More exchange also lead to some result:
- More competitive so quality of exchange will better, trader will get more benefit ( fee, speed transaction...)
- Many small exchange can give more risk for new trader: bad security, no accept to withdraw...
For me i prefer Binance.

Big exchange also currently very competitive even some of them offering low fees but rather than try new exchange which possible scam i think more better to stick to reputable exchange however binance also good but i personally more prefer bittrex

[Flyagka_Vody]

why small exchanges are needed? in investy.io you can trade in binance and poloneix from one window

[eekkaa]

yes you are right now there are lots of exchanges you have to be able to choose a good place of exchange and can provide very many benefits and have a very high daily trading volume.

[liseff3]

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.

With the increase the growth of new exchange accounts is considered very good, especially for the development of crypto currencies themselves. Trust issues are the initial problems that are often highlighted by most crypto currency users especially beginners, not even a few novice users who lose confidence on an exchange account and I think this is a natural thing for beginners.