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Author Topic: Too many new Exchanges  (Read 4322 times)
RoccoSiffredi
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September 13, 2018, 11:36:26 PM
 #361

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.

This proliferation of exchanges is obvious, since there was a lack of exchanges for all existing coins and the ones which existed were making a lot of money. Now we will have too many exchanges for a while, and only finally we will probably have the right quantity of exchanges, after excesses in both directions.

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simpleholmes
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September 13, 2018, 11:49:09 PM
 #362

I believe that so many exchanges are creating fake volumes with trading bots where the real people don`t usually make too much trading, so the numbers don`t show the real data always we shall make a deeper research.
DavidNiva
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September 14, 2018, 01:48:50 AM
 #363

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 so many new trades it seems that the crypto market is getting excited, it turns out that more and more business people are starting to be interested in entering the crypto market, about problems that often occur that are all very natural in a business, business people are required to be more understanding and more thorough in conducting transactions, news like this should be addressed with pleasure ...
Netnox
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September 14, 2018, 02:44:00 AM
 #364

There are too many tokens around and there are many which are not traded in the major exchanges. The smaller exchanges make use of this opportunity. They list the relatively unknown tokens in their exchanges and gain thousands of new users (and increased revenue).
deppil90
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September 14, 2018, 05:20:45 AM
 #365

with many new types of tokens and coins popping up, it will encourage the creation of new exchange platforms, I judge, most new exchange paltfrom have the same features as existing ones, but only in different types of coins and fees, depending on how we will use them ...
shoreno
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September 14, 2018, 05:35:38 AM
 #366


yes alot of new exchanges are being created on a regular basis and all of them are only aiming for the profit . they wanted also to compete for other existing exchanges but the chances for them is verry slim because people will always have a doubt to try them if they dont have any reputation .

  that is why we must also be careful on using new service that we arent fammillar with because they maybe unsafe and can cause further issues on the future .

Pikachu12
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September 14, 2018, 05:47:16 AM
 #367

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.
Currently there are many new trading floors are launched but I think it is not really better than the old trading floor. There are a number of trading floors that make use of to cheat investors. I recommend that you send money to the old but reputable trading floor, it will help you secure the money better than ever.
Gloria99734
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September 14, 2018, 06:53:59 AM
 #368

More competitor, improve quality Grin
jony35490
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September 14, 2018, 07:15:53 AM
 #369

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.
Yes, I agree with you. Nowadays there are so many new cryptocurrency exchange platforms coming out. Because of these cryptocurrency exchange can gain huge profits and for this many bad cryptocurrency exchange platform is being created.
Cryptovn88
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September 14, 2018, 09:14:24 AM
 #370

More competitor, improve quality Grin

Agree with you, if we have just few exchanges, those exchange might be put fee transaction very high. Just because they almost monopoly on the exchange market

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Adrin
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September 14, 2018, 10:00:01 AM
 #371

Yes. Because the concept is revolutionary and groundbreaking so it easily catches the attention of many people. People always seeking for new method to mint money. Do you think 250k transaction each day is enough? Wait, you must surprise after 7 to 10 years. Can you imagine what can be happen when stock market accepts bitcoin? Though SEC warned about and as a careful investor you should protect or remain safe yourself first. Because exchanges can do with your money whatever they want. 
Obama07
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September 15, 2018, 09:39:26 AM
 #372

In this online market too many business developer work and too many developer want to create a good Exchanges and they are always try to create it. If you see and you can get too many exchanges in this online industry, too many people use different type of platform. All exchanges are not good so before start business must check this review. Now a days too many exchange going to scam so I can suggest a good exchanges, you can use Bittrex and Binance.
bamine
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September 15, 2018, 10:19:36 AM
 #373

You must choose carefully. Do a lot of research before investing.
BryanRoseWalker
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September 15, 2018, 10:38:05 AM
 #374

More competitor, improve quality Grin

Agree with you, if we have just few exchanges, those exchange might be put fee transaction very high. Just because they almost monopoly on the exchange market

If the majority of crypto market appearances are decentralized markets, quality will decrease sharply, there will be many problems with insufficient volume in conducting trade and ecosystems will be damaged because various markets will compete to attract investors somehow.

But the opposite will happen if they are able to develop the central market to various countries legally, this will make the volume circulation more attractive and of course there is no monopoly.
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September 15, 2018, 12:28:17 PM
 #375

I think, it doesn't matter if there are a lot of new exchanges because there will be many choices so we can choose and trade in exchangers that have better prices.

backspace jejel
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September 15, 2018, 01:13:54 PM
 #376

You are right, now there are many new exchanges that present different features, some even free trading fees, but I think that doesn't matter because the trader only use the right exchange.
gilangIDR
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September 15, 2018, 01:21:07 PM
 #377

The increasing number of exchanges is a good thing because then every exchange will try to provide the best service to attract users. It is also reasonable because now there are more coins and tokens so various exchanges are needed to facilitate coin trading. I highly recommend several exchanges such as Bittrex and binance, because for me the exchange has a very good quality and level of security that makes its users comfortable.
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September 15, 2018, 03:02:49 PM
 #378

on the one hand it's very good. but there is a big flaw in this, the volume of capitalization and the volume of trades - will always be less than on large exchanges.

Sasha Grey
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September 15, 2018, 03:17:34 PM
 #379

I think exchanges are similar to ICOs, too many exchanges and ICOs have the opportunity to scam, the best and safest thing is to choose exchanges that have a good reputation and are more than a year old.
karavay_71
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September 15, 2018, 05:32:30 PM
 #380

I don't think that there can be too many exchanges. Yes, some of them may not be trustworthy but that's another question in my opinion. The more choice we have to trade - the better is the situation for us.

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