As more coins enter the Blockchain ecosystem, more exchanges are required to ensure a well-facilitated trading system of cryptocurrencies. This is where trading takes place to give meaning and value to the coins we possess. It will even be better if every country has an exchange aside the top exchanges in the world.
I agree that exchanges will enable a well-facilitated financial system. But wouldn’t it be better to just have one exchange for all countries? I mean that’s the purpose and function of crypto right –to serve as a universal financial instrument? Just like how Virie describes its distributed exchange system. It’s a “market without borders.” If a crypto is structurally capable of being one, don’t you think it’s more convenient to have just one exchange?
