Too many new Exchanges

[Kolder]

It doesn't matter if there're so many exchanges or trading platform as long as the trading volume are huge and safe to trade. what is important are the security of those exchanges, The number of users and the volume. For me it's better to have so many so that they will make advantages to lure traders. If there are a few exchange some then they will control us by requiring too much that is none necessary.

I agree, it is okay to have many exchanges as long it is safe and secured to used. It is our responsibility to look for a good exchange which cater good features. The more exchange the more users are interested in crypto.

Some good exchanges offers more features or varieties that old exchanges needed to develop. So its not bad to try new exchange as long as we do our own diligent research to secure our investment.

[dalexc]

I think it's good news for crypto. Because more exchanges will be more demand for crypto. People will find their favourite exchanges from many exchanges for trade. more competition between all exchanges, They will be better at their quality and their service to keep traders.

[voltesbit777]

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.

That is not astonishing actually, this is shows only that crypto and bitcoin was very trending nowadays. And this is the world of trading industry in crypto currency. But of course, still be careful in choosing exchange, because not all of it becomes successful, so always check if the volume of the exchange has a high level of percentage profit.

[adefirman98]

Try to choose a trusted and long-standing bitcoin exchange. Of course, some new Bitcoin exchanges may offer lower rates and services, but until they build a good reputation from time to time, you must still choose a reputable exchange. All bitcoin exchanges have transaction fees applied to every purchase and sale order made in the exchange. The level of costs depends on the volume of the bitcoin transactions made. costs range from 0 to 0.30%, depending on the conditions of each market itself.

[pwchan001]

Yes, there are so many exchanges but some of them do not have any transaction volume or use bot to create volume, this you should always be careful when depositing coins into them

[Crypto one]

It's important that every coin can be added to an exchange, so people can trade it. But already now there's to many exchanges, I have signed up to around 20 exchanges or more but only use 5 of them right now.
Every week we see new exchanges, I help my favorite coins to be listed on new exchanges by voting, but those exchanges are almost always without any trades.

[IriskaLate]

The emergence of new exchanges has a great impact on quality - competition generates better conditions and quality of service. The more exchanges the greater the choice, you can find with large volumes or with a small commission, a large selection of currency pairs. Decentralized exchanges, too, have great advantages of them, too, now appears a lot. I think it's good. 

[nelson4lov]

The emergence of new exchanges has a great impact on quality - competition generates better conditions and quality of service. The more exchanges the greater the choice, you can find with large volumes or with a small commission, a large selection of currency pairs. Decentralized exchanges, too, have great advantages of them, too, now appears a lot. I think it's good. 

The high influx of new exchanges may well be a blessing in disguise. I've seen a pattern here. With every new exchange comes a new offering in their service. I remember when Bittrex exchange was on top of the food chain and then Binance came along with low commissions per trade to steal the show. Traders get low fees and Binance gets volume. It's a win for both parties. I believe we would see more exchanges in the near future. I'm just curious as to what they would bring on the table.

[Combi]

Yes, there are so many places to exchange. We can not distinguish between good and expensive places. So keep up the good news so that you can choose the best place to exchange. for you

[spiker777]

I am personally not a fan of DEX's, though they seem to be all the rage now. Most DEX's don't even perform the most basic of security checks before listing a coin or token, leading people to easily being scammed by faking smart contracts and copycats. I don't think we need anything but Binance and perhaps Bitfinex for those random pumps 

[deevan]

There is nothing bad if a new exchange comes up in a market with a high-quality service, security, and support. If they are fulfilling user needs then there wouldn't be a problem and people would go after it to rub their hands on it. Also, it will increase the competition among other crypto exchanges which also force other exchanges to lower their fees if a new exchange is providing lower trading fees. Yes initially trust issue would be there but you can always try with a small amount on new exchange and see how it goes.

[Genosx]

Yup,  there’s  too many new exchanges  in this field  of business and you should be smart enough which of them is worth  for because not all of them are trustworthy.
That is the thing that you should always think, in a world full scammers the instincts you have and critical thinking is the only you can rely with.

[AdoboCandies]

It is normal because the crypto market is getting big so there are some new exchanges that have been added actually it is helpful  in the crypto world, but i guess better not to use the new exchanges because there is a possibility that it is a scam or maybe you can wait for the coinmarketcap verifies the exchange and list it in their website because it is better to be more careful than to lose or your tokens in an instant.

[nur rochid]

It is normal because the crypto market is getting big so there are some new exchanges that have been added actually it is helpful  in the crypto world, but i guess better not to use the new exchanges because there is a possibility that it is a scam or maybe you can wait for the coinmarketcap verifies the exchange and list it in their website because it is better to be more careful than to lose or your tokens in an instant.

right, it is safer to use an old and recommended exchange, but indeed not all tokens are listed in market regluer, for that reason, first exchange before trading, and test with transactions little by little

[Sirait]

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 your fear is excessive!! all exchanges that are currently running have advantages and disadvantages of each, none of the same. In fact, more and more exchanges are better especially for crypto coin developers, they can choose in the exchange where their coins will be listed, the more places the coins listing, the more investor interest in their coins will increase.

[emberbekas]

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 your fear is excessive!! all exchanges that are currently running have advantages and disadvantages of each, none of the same. In fact, more and more exchanges are better especially for crypto coin developers, they can choose in the exchange where their coins will be listed, the more places the coins listing, the more investor interest in their coins will increase.

Yes, the more exchanges the better but we shouldn't blindly trust all of them, especially with the newest one, before we make some researches. Reliability and trust are the most important things we must look for.

[Cojiro]

No matter how many new exchanges I have, I will still choose to trade on my most trusted trading platform! For the new platform, I will observe it for a while before considering whether to buy it!

[InvestICO2L]

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.

if me how many exchanges in this crypto world is no matter, at least they have their each rules. If coin/token can't list on 1 exchanges, it can listed to another. But if me personally i will use exchanges that already held for long time. Ex : Polo, bittrex, etc

Yep, I find no problem with many exchanges created. We will have a world of choices in order that we can select the most suitable exchange which is much more secured,cheaper and that sorts of things. The most important thing is how can we choose a good exchange. As you can see, almost many people tend to choose the better and better exchange, that’s the reason why many exchanges born these days. At meanwhile, many exchanges can lead us to much more trouble to choose a better one. Thus, people always like to stick with one exchange for a long time.

[WixlarCoin]

ok

[Premooooo]

Every participants will know how about it in the future. But the price of every coins is counted for every coins will releasing daily same with exchanges.