Too many exchanges?

[pixie85]

I think that we need even more of them. Competition is always good for the economy. The more exchanges the more they will have to fight for the client, which means better offers, cheaper withdrawals, bonuses, referrals and other nice things. Also more exchanges mean more fiat currencies that are supported.

[mojo2208]

yes, now there are a lot more exchanges. Seth is simply insanely overloaded, which makes us expect the translation to take longer

[Bloodseekers]

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?

For benefits i think we can easily sell coin or token, this also indicates that cryptocurrensy is getting more famous. For me nothing significant benefits if so many exchanges.

For negative impact, i think felt by developers exchanges, So many exchanges, that's mean many competition, so exchanges must provide features so that the exchange can compete. If there are no interesting features, people will forget it

[bekkioPEK]

there are too many! I had to register and verify with KYC on many Exchange just because I was interested in an altcoin, sometimes only for a few hundred dollars. I dont like it

[tunapa]

with the way things are going, i see that exchanges will be more than coins and tokens very soon. its just too much and majority are shit. its obvious they are coming up to exploit the community without having much to offer. we just need to be careful of them and stick only wih good ones so we dont lose our hard erned money to cheap real scam.

[maloibtc]

To my mind, it is better to keep coins now until the price for coins improves and becomes better. The market will definitely become green and this will happen in the nearest future. We will be able to witness this soon

[vnck25]

Yes, I agree there are two many exchanges and some of the are saying that they are centralized and other decentralized. Most of them to my knowledge are simply scams and unfortunately some ICOs are boasting that their coin will get listed soon and give the investors an exchange that has no credibility and never heard of. This is too much and I believe it is detrimental for the future of cryptocurrencies and ICOs. The blossoming of so many exchanges irrespective if they are centralized or decentralized should be controlled and monitored.

[lizzylove2]

Many exchanges are a welcome development for this space as helps in market competition. It makes other rival to putting customers first if they are to stay as a major players in the market.
One negative effect could be that some exchanges may just have too low liquidity, especially when the token to be trader is in other exchanges. Another pit fall is that: some less famous    platform could encounter some measure  issues and funds will be under watch.

[crzy]

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?

The only negative thing I see in this market is that, not all exchanges are worth to use, maybe people will be scammed later on if they continue to use small exchanges. Its good to have more options where to trade but don’t forget to play only in a secured exchange so your money will be safe.

[hahay]

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?

That's good because everyone will have the best choice they are looking for, because all exchanges have different rules, fees and so on. and also, not all altcoins and tokens are available in one exchange. So with so many exchanges now, I think it's good and doesn't make it negative as long as the exchange is able to maintain its quality well.

[Caxton10]

The high number of exchanges will have a positive effect on the market. This is because these exchanges aim to serve but not limited to a particular region making trading of cryptocurrencies in those regions accessible. Besides, there will be competition among them which will put them on their feet so they can serve the crypto community best.

[perla]

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?

I think it's benefit is peopoe can choose a lot of exchanges with their own criteria. But negative impact maybe low volume on each market because people who trade spread into many exchanges.

[budismile]

Crypto exchanges are increasing, judging from the positive side we are benefited because it will be easier for us to trade and the more benefits we can get from the difference in market prices.
but from the negative side more and more people are getting more worried (many exchanges are Scam).

[sakahayang]

It is true that there are more exchanges this year. people might see more profits from exchange. but we must remain vigilant and must choose a safe exchange.
the more exchanges, the more fraud.
but from the other side we benefit because the more exchanges the more it supports Bitcoin to become the world currency.

[laiya94]

I think this is a good opportunity for crypto market because when more and more exchanges coming there will be a good competition between them so only good exchanges will be left among traders.

[ralle14]

To my mind, it is better to keep coins now until the price for coins improves and becomes better. The market will definitely become green and this will happen in the nearest future. We will be able to witness this soon

Wtf is this post this doesn't make any sense to what OP said.

The only negative thing I see in this market is that, not all exchanges are worth to use, maybe people will be scammed later on if they continue to use small exchanges. Its good to have more options where to trade but don’t forget to play only in a secured exchange so your money will be safe.

Just because we see small exchanges doesn't mean they're a scam the big exchanges could do the same too (mtgox,wex). Also there's no such thing as a secured exchange that's why many people always recommended to not store any coins on exchanges when you're not trading.

This is the concern I could think of right now. The volume of a certain token will be divided to these exchanges thus making it not to be unattractive to users.
Maybe that is the reason why some coins/tokens are exclusive only to a certain exchange.

If it's divided then the most successful one should have the highest volume. When a token is listed by more than one exchange it gives the traders multiple options to choose exchanges that they prefer. 

[AimHigh]

Yes it better to have many exchanges because if have a compitation between of them make sure that the value was high. Be careful of some exchanges don't trust easily search some legit exchanges because some of them was scam so before you exchange you coins make it sure that you conduct a verification of validation of that site and wait for the manager of some campaign the legit exchanges for you to be not a victim of those scammers.

[metalglowd]

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?

with the existence of many exchanges this will certainly bring many benefits, usually we can use this to arbitrate if there is a suitable pair (even though the new exchange usually does not provide it). what is less preferred is, for the future there will be more and more new coins or tokens being released and thus this makes crypto even more complicated in its use

[Reid]

Merit for the good question.

I find it hard to open too many exchanges since different tokens are listed to where the owners want it to be.
They might be listening to their community but still the last decision will be theirs specially when there is a payment involved.

It is good for competition is a better way to see how healthy the a thing is or should be valued.
The problem is just like I said, not all are listed on every exchange.

[hadveach]

yes, of course it will be very useful. Crypto exchange is always an icon that the existence of the crypto world still survive until today.

we can also createprofit from each exchange, because crypto values are always different in each exchange. for example, I bought a coin XRT at Bitforex at a low price, then I sold it at idex at a high price.