Too many new Exchanges

[ngacengan]

yes you are right for now there are so many new exchange places and you have to be able to use the place of exchange to get a lot of profits and make sure you choose a place of exchange that has a very guaranteed security.

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[cokroalif]

I think the new market wants to compete to trade. lots of new markets and issue the token market itself. but many new markets also have bad support

[Arsalan1996]

I have also noticed that there are many ICO's coming with the project of new exchanges but i have not found anyone worthy till now. New exchanges are coming but btc rates are down so alts are also down, dont think so that launching of new exchanges can be worthy in these conditions.

[777Jolami]

Yes, because exchanges are always very profitable for homeowners, so the market is constantly out of new places and hence one of the competitive markets.

[maninas]

a lot of exchange makes you free to choose the trade in exchange that you need because not all exchanges have a coin that you want to trade, you just decide which platform suits you and there is a coin that you want to trade
for a new exchange reputation problem, it will take time, as the competitive and competitive exchange time will get its reputation and user trust

[micle222]

The more exchanges, the more competition there is.
Maybe in the future the Exchange will also compete on costs for each transaction.

If the Exchange pays a high price for trading Bitcoin, then we will look for a cheaper Exchange for the cost.

[yanto@1977]

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.

Exchange is good to help trader/ investor with their activity, when the quantity grow up just let it go because you don't have control about it. You have to smart chose the right/ best exchange and start it by see their rules and try their services. From there you can decides what the right one. Happy hunting for you.

[JostikSSS]

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.

Yes, today crypto-currency exchanges, as well as the digital tokens themselves are becoming more and more every day, and it is impossible to control it, because this market does not yet have laws and regulations.
This is the main problem today and literate people who know how and want to earn it use.

Anyone can make a beautiful website, issue white paper for just $ 100 today, and in the end you can try to create your own cryptocurrency exchange. Tokens arrive and listing on the exchange is necessary for everyone to make a profit. Some people create projects (little known) and release it under a beautiful product, drugite people create exchanges and open trade for money these unnecessary and unknown projects - all make a profit and this can not escape - it is the Economy and the desire of people to make money on that brings money!. Until there is strict regulation in this area there will be more and more scams and scammers who want to earn your money in any way

[tavuhoaison96]

I see. But i always focus on big exchange( big volume) i never deposit money to the one has small volume. Find more infor before trading

[entrepmind23]

The more exchanges, the more competition there is.
Maybe in the future the Exchange will also compete on costs for each transaction.

If the Exchange pays a high price for trading Bitcoin, then we will look for a cheaper Exchange for the cost.

Yes, people would find ways to have lesser costs in their transactions but then when an exchange has low cost of transaction may it be trading fee or withdrawal fee but have problems with their processes and problems of traders not being addressed then there is a chance that they would choose and exchange wherein their transactions would go smoothly.

The advantage of having many exchanges is that traders can have a variety of choices and it would depend then on what coin they would be trading as not all coins can be found in the exchanges. As for me, it would be better to trade in an exchange wherein they already have proven that they can address the issues of the traders as fast as they can like Binance.

[Regdain]

I see. But i always focus on big exchange( big volume) i never deposit money to the one has small volume. Find more infor before trading

Yes this one with small volume is not even worth time to consider as a place for trading.
The reason is rly simple for me market is flat and bigger exchange make a way for rest exchanges

[Zalura]

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.

indeed, if more and more products are circulating, consumers will have more choices, and there will be competition from the product owner

I think those who buy and sell things like this are expected because we have many choices about which crypto has the potential to make us profitable, so hurry up buying and selling when prices are still cheap we can reap profits in the future.

[karungbitcoin]

Many number of exchange is good for crypto market because now there are more than 4000 token and coin tradeable in the market. And not all coin possible to list in the big exchange because they can not pay listing fee. I hope any others exchange become the same popular like Binance with better trading product. Exchange like Binance also make promotion about their product and advantages of cryptocurrency so exchange also can make more  new people interesting about crypto.

[ufaiz50]

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 am sure that if there are many issues regarding trust, the exchange site is worthy of doubt, with the new exchange intended to increase the buy volume on each coin registered. new users, new exchange sites and new tokens, in crypto will be tighter in competition so just be the best.

[Gwapoman]

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 this is good sign for the cryptocurrency market,the numbers of traders had been rising in the past few years,Q4 of 2017 top crypto exchanges average 100k new registrations daily and many of those exchanges stop accepting new registrant because of the massive traffic their site is getting..top exchanges right now have the whole world as their market and i think opening a crypto exchanges in every country that would focus on local people would be a great idea.this would fasten support issues and would create employment opportunities in every country.

[pieppiep]

actually making the exchange place is not as easy as you imagine, there are lots of exchange places but you have to be able to see the place of exchange has a very large daily volume and has a very good security or not. Do not let you enter the exchange that does not have high security and does not have a high trading volume.

[stadus]

actually making the exchange place is not as easy as you imagine, there are lots of exchange places but you have to be able to see the place of exchange has a very large daily volume and has a very good security or not. Do not let you enter the exchange that does not have high security and does not have a high trading volume.

It's very important that we trade on reputable exchanges so our money will be safe and we will have good experience.
But this market is evolving, there will be new exchanges that will come due to its adoption and that is good as it will be able to accommodate the growing number of traders. Bottom line, it's us who makes a decision and we should be careful with that.

[mung_nasib]

I think with the many exchanges now, this actually makes a positive impact on traders in the future because opportunities in creating an income become more open and able to help one's economy become more secure.

[Master_dandosha]

Yes correct there are many new exchanges appear every month and some of them adopted KYC policy but i truly believe the future not for centralized exchanges . the future will be only with those decentralized exchanges like tidex , bisq.network ... etc where you have full control of your fund .

[Jaci]

Yes. Now a day’s almost every day at least one exchange sites comes to offer us for exchange and trade through their sites. But I think most of them can be scam. Though they offer for low exchange rate and lots of offer but I think it’s better to trade or exchange in old but trusted one. Bittrex and binance are good for all time. You can also find kraken as a good sites. Keep away at least 6 months before open a new account for exchange a new sites.