Too many new Exchanges

[ice18]

After the success of the no.1 crypto trading platform in the world today binance many projects and developers challenged themselves and create platform that may compete this company in the future but I hope this coming of new exchanges may bring more competition so that abuses in listing fees will stop them and regulators may provide a proper guidelines about listing fees at a considerable prices.   

[hawkins]

After the success of the no.1 crypto trading platform in the world today binance many projects and developers challenged themselves and create platform that may compete this company in the future but I hope this coming of new exchanges may bring more competition so that abuses in listing fees will stop them and regulators may provide a proper guidelines about listing fees at a considerable prices.   

I think, there will be many ICOs who open projects for the market. well, at the very least, the project is better than binance, so it will beat binance if they are successful. well, now there are so many markets. the benefits of the market are even so large. so, many companies make markets that try to beat the existing markets.

[MRY]

I think too many exchangers will make us have a lot of options for trading, but we also have to be able to choose a good exchanger and have good movement and prices because there are some exchangers who are scam, so we have to be more careful to choose exchangers

[rachellee]

This has good and bad side. For new trading platform to be successful, it needs to prove its reliability, legitimacy and security. I've seen a lot of new exchanges that did make it in this crypto space. They did not withstood the pressure of the bearish market; Bitpaction, per se. So, I often hesitate to trade in new exchanges because of its undetermined reputation yet. Of course, I want to ensure that my hard-earned tokens are safe. But there are also new exchanges that are quite doing good, like Binance. Just be cautious on where to deposit your hard-earned tokens. If it's new, consider the reviews of people who had experience trading there, and if you are not about to sell your tokens yet, better to have it stored in your own wallet than in exchange wallets.

[umbara ardian]

yes you are right now there are lots of exchange places and you should be able to use the exchange place as best as possible to be able to grow assets that you have and don't let you choose the place of exchange so that you do not experience very much loss.

[ginellis]

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.

The more the coins the more will be the exchanges. I think that security should be the first priority for all investors and as cryptocurrency is decentralized you cannot claim your lost money. I always use authentic coin and exchange for my investment, because I don’t want to face any hurdles and obstacles. I don’t need too many exchanges in the market and I also don’t trust every exchange.

[alexsandria]

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.

Even there are so many exchanger now i always trust the top exchanger so i can assure that i can trade my token more safe, and right now there are more exchanger are coming but i am sure that only the top exchanger will be used.

[otundebis]

Exchange is very important platform for cryptocurrency trading and investing.  I am of an opinion that there will never be enough exchange to  cater for different market segments.  Exchange is needed as more people get into cryptocurrency for quick transaction and easy entry!

[Macinto$h]

A large number of exchanges is very good, but this does not mean that they are all safe. Prefer to those exchanges that already have a good reputation and which exist for at least one year.

[hermankoles]

more and more exchanges will further narrow the market settings in my opinion and it needs to continue to exist, and the existing exchange needs to improve itself for better crypto quality. Crypto has been decentralized and if more and more decentralized exchange will be more attractive

[voztata]

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 anything wrong with it, there are can be over a million exchangers out there, it’s no one’s business, you just have to avoid the bad ones, that’s the only problem because as there continue to be lots of exchangers, there will also be bad ones alongside the good ones.

You just have to fish them out. And the worst part with all these bad ones is that once you fish them out and everyone recognize them as a bad website, they will still go ahead and create a new site, that’s the thing that pisses me off😒

[cjie]

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 this is an issue, many exchanges will enhance competition in the industry rather than to monopolize by few of them. Apart from that too, you can see a lot of coins are emerging on a daily bases, we need more exchanges to contain those new coin coming up. More also, for a coin to do well in the market it requires more exchanges listing to spread their tentacles.

[wendiar19]

if you realize that there are so many exchanges in circulation then you should be able to take advantage of the right place of exchange and make sure you can also choose a place of exchange that has very high security and has a very high daily volume.

[Ashong Salonga]

if you realize that there are so many exchanges in circulation then you should be able to take advantage of the right place of exchange and make sure you can also choose a place of exchange that has very high security and has a very high daily volume.

Yes there are many new exchanger but i am not supporting all of those exchanger because i just always used an exchanger that i trusted and for the long time i am trading i never used an exchanger that is not secured.

[Rhego]

I think with more and more exchanges, it will be better for the development of the coin market, although more competition will occur. And this means that the future of crypto or digital assets will get better.

[Sanitough]

I think with more and more exchanges, it will be better for the development of the coin market, although more competition will occur. And this means that the future of crypto or digital assets will get better.

That's all we need so the risk will be divided if we love to store our coins in a certain exchange.
With a lot of exchanges in the market, it would also give us traders a lot of choices to choose and we can choose the best trading sites
that would fulfill our satisfaction.

[drumamat]

I believe that if all new exchanges have received the appropriate licenses, then this is very good for the cryptocurrency world

[shashikamal]

As we faced many ICOs were scams & non real use cases, ICOs were under severe restrictions & problems. Many regulations were imposed by governments. Due to bad reputation of new ICOs coming up, genuine projects were in a red line too. This is what i felt for last one or two years. Same issue for exchanges as well. there are many ICOs bringing up with exchange feature & some are operating, giving free coins etc. But how you can believe them? what is the guarantee for our investments? It's a new way of scamming as i feel. We don't want to put all new exchanges under this label but it's better be careful & not to use new exchanges much unless they are genuine.

[bitbunnny]

I believe that if all new exchanges have received the appropriate licenses, then this is very good for the cryptocurrency world

That is one very important question. Do they all have valid licences or better to say do they run legitimate business? This is the first thing you have to check before you trust them your funds. But I'm afraid they are not all so trustworthy.
Everyone is trying to find they niche and their share of profit in the cryptocurrencies market that is why there are many new exchanges. That could be good for the users as well as for the market as long they do their business under the law.

[KorakPawon]

I think there's nothing wrong with that phenomenon. if there are exchanges happen, option for trading are open here and there, and that is good for improvement.