Too many exchanges?

[Sanitough]

If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges.

Whether new or old, there is a certain requirements that you coins will be listed in the coinmarket.
AFAIK, you need to have a good volume and listed in at least 2 exchanges, and it's possible even a coin is new as long as the team will pay.

Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.

That's the problem now, it's because of the market sentiment so most coins has no liquidity.
It might be hard to recover but I believe it's still possible, it will only take time and for us to enjoy selling at a good rate, we have to wait.

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[n0ne]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

There are too much crypto exchanges already in this industry where we can trade our coins and tokens where they are listed. I trade on those exchanges which is listed on coinmarketcap, so that I can guarantee that these exchanges are trusted and having much volume of traders daily. As the time passed by, some organizations also want to have their own trading platform.

If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges. Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.

Earlier exchanges come forward to list the tokens and coins on request, but now the scenario is different. Majority of the leading exchanges have their own pay to list the coins. This leads to the listing of new tokens on to New exchanges. Also to the growing community the need for exchanges too have increased a lot.

[goaldigger]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

Ofcourse,you may also should be used to different types of the system of exchanges that can sometimes lead you to confusion. You also need to manage it all on different sites not if you only have one. But sometimes, this can be good to have a better security if you allocate your funds to it. Just make sure that the exchange is legit.

[alan2here]

I think many new exchanges want to follow successfullly of Binance, just less than 1 years Binance become the biggest crypto exchange in the world and they make amillion dolar.  Every exchange will be offer benefits to attrack new users, and that mean will be more competition on the market. More.exchange also mean more new people will join this crypto community.

That's how mindsets being conditions, those who created new exchange also like to be successful like how binance did, though there's no assurance but
taking the risk and make things possible will lead them to success, for investors and traders, having more chooses can let you pick which will be the best one to liquidate your assets or buy the project that you aiming to hold, while with old and new exchangers, competition will be a big threat around their business so they need to continue satisfying customers needs.

There's advantages that you need to find out while testing or using exchange, make sure to maximize everything for your favor.

Competition in exchange is necessary because it will make all other exchanges to change and creativity to be able to compete for large exchanges. Binance is the beginning of a new trend and new exchanges are learning this to launch many better trading platforms. If the exchange has more support from big financial companies, it will be a matter of time to succeed like Binance because they are the ones who know how to attract new investors to them.

[btcyoda]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

Ofcourse,you may also should be used to different types of the system of exchanges that can sometimes lead you to confusion. You also need to manage it all on different sites not if you only have one. But sometimes, this can be good to have a better security if you allocate your funds to it. Just make sure that the exchange is legit.

We have to register on different exchange due to because every coin will not be listed on the same exchange based on their potential development will help them to list on different exchanges. So it is good to register on different exchanges for trading.

[cryptoblue77]

There are plenty of exchanges and many more are on the pipeline, but a lot of these exchanges are a complete scam. Once you deposit on these exchanges , you can't withdraw coins from them.

[xvids]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

We have tons of exchange because we also have plenty of crypto,
Not all of the exchange could list all of the crypto so for me it is better to have plenty of exchange,
And besides every exchange have a different price of crypto we could use it to our advantage.

[Kasabus]

There are plenty of exchanges and many more are on the pipeline, but a lot of these exchanges are a complete scam. Once you deposit on these exchanges , you can't withdraw coins from them.

You will know which are scams or not, the market is full of opportunity so exchange increases also.
If we have the top exchanges and we have no problem transacting with them, there is no sense to choose a small one that might scam us.
Increase of number of exchanges is good in the market but it's inevitable the increase of scams also, so be aware of that.

[voltesbit777]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

Its not the issues if there are many exchange now in crypto trading. It is too easy to determine if the exchange platform are good or not, just look or check if the platform are belongs to top 20 exchange and check the volume they have too. And if there are lot of exchange nowadays that  means there is big money obviously. It is also shows that crypto trading is becoming more popular in the entire world now.

[virasog]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

There are too much crypto exchanges already in this industry where we can trade our coins and tokens where they are listed. I trade on those exchanges which is listed on coinmarketcap, so that I can guarantee that these exchanges are trusted and having much volume of traders daily. As the time passed by, some organizations also want to have their own trading platform.

I think the exchanges are not too many till now. Consider if all the people in the world start using crypto, these exchanges will be unable to fulfill their needs and there will be always need for more exchanges. The point here is that the new exchanges should not scam people and should only be allowed to open after meeting certain criteria.

[ophyrim]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

Of course, there will be negative effects on the markets. Some of them are scammers or going to hack. People are going to lose money which is a very very bad situation for the market.

[airdropan]

many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there

[iv4n]

in my opinion, positive for a lot markets are the more options people make for transactions and also there may be markets that are made for a country's currency that are good but the negative volume in one market may not be as much as last year with a little market

Of course it's positive to have more markets, when I started there were less than 2000 markets, now there are more than 15000. Competition is always good us customers, they will race for us, they will make better terms, more promotions, and only with more markets we can avoid monopolistic future. I believe in future we will see more even more markets, now many new projects are about exchanges, they offer so many new services, they literally race for space and supporters.

[proTECH77]

many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there

Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.

[whyrqa-1]

many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there

Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.

You quite rightly said regarding the provision of personal data. It seems to me that the yaks requirements contradict decentralization and anonymity and the use of cryptocurrency. Even in the midst of the popularity of the cryptocurrency market, these values ​​were respected by almost everyone, and now everyone wants to break it.

[Sihab76]

We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?

Yes guys you are saying very important and effective information. Day by day number of exchanges are increasing too much. It has create an impact on crypto market.

[kynaz]

I don't see the problem with having too many exchanges, it's good to have many options to choose from and it creates a healthy competition, the problem is that these new exchanges that enter the market are either scam, have a huge amount of fake volume, or just there to ask users for kyc and probably sell those personal informations somewhere...

As long as the quality doesn't replace with quantity in exchanges it's really beneficial for cryptocurrencies overall, but unfortunately that's not the case nowadays and weirdly enough there are actually people that use these kind of exchanges daily without even thinking twice.  

This is really popular at new exchanges. I think we need to stay away from these exchanges because there are so many good exchanges waiting for us. Just choose for yourself the best exchange to keep your assets safe, then you can focus on making big profits.

[CryptoInsights]

many exchange mean good for cryptocurrency
thats mean more growing on cryptocaps
but nowdays many exchange that just launch then no stay longer
or there is no transaction there

Many exchange doesn't mean good for the crypto-world, especially those exchanges targeted to scam investors with different methods or system put in place. Recently we had heard issues with many exchanges of exit scam while others with KYC scam, to make deposit without KYC but to make withdraw with KYC.

You quite rightly said regarding the provision of personal data. It seems to me that the yaks requirements contradict decentralization and anonymity and the use of cryptocurrency. Even in the midst of the popularity of the cryptocurrency market, these values ​​were respected by almost everyone, and now everyone wants to break it.

For me it is good that we have so-many exchanges so that we can choose what is good for us. Also, there are these non-custodial exchanges with no KYC feature. One among such website are CoinSwitch.co. They let users trade anonymously.

[A L I E N]

If you are participating bounty campaigns, your tokens will not be directly listed in the coinmarketcap, thus the team will listed their tokens to newly existed exchanges while negotiating for the other exchanges.

Whether new or old, there is a certain requirements that you coins will be listed in the coinmarket.
AFAIK, you need to have a good volume and listed in at least 2 exchanges, and it's possible even a coin is new as long as the team will pay.

Only the problem is that might this exchanges won't have a huge market volume in which price will drastically dump and it is so sad that it won't recover easily.

That's the problem now, it's because of the market sentiment so most coins has no liquidity.
It might be hard to recover but I believe it's still possible, it will only take time and for us to enjoy selling at a good rate, we have to wait.

The great number of the exchanges leaves us a choice: we can pick any of them. Certainly, before you decide to make an exchange here or there, read the reviews about the resource attentively.

[crwth]

Having more exchanges would lead to better exchanges. More competition would happen. I would add to all of the others that opportunity for arbitrage would be more. It would have to find opportunities from other exchanges to buy smaller positions. I would love to start using Arbitrage and soon Gunbot would have that. So better watch out