Too many exchanges?

[左]

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 more the merrier, the problem is chances of getting scammed increases as some of these exchanges just disappear with all deposited funds.

[leexhin]

For me it is not good to have many exchanges.
Because having too many exchanges will limit the volume that affects the price.

[Chicksteen]

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.

That is what is good to have many exchange because you can choose where the coin can get high price which is good for traders. However, different exchange has there own transaction fees which is everyone complaining for which is not good for all especially when you are getting small amount from it.

[Dexion]

the benefit is that each exchange will give a profit for every user, especially for the exchange owner. and the negative impact is that each exchange will easily affect the crypto world volatility.

but in my opinion, more exchange will make us easier to control and compare each crypto price.

[Sinone]

Yes, I feel like the same, too many exchanges and most of the exchanges are not good. Maybe they only want to make a profit from the exchanges. That's why I don't believe any exchange hack! Because who knows if the owner of the exchanges steal money and claim that a hacker hacked the exchange?

[rosemary4u]

I believe that there  are two sides of the coin, there are both positive and negative sides of the exchanges. I think the numerous exchanges can help promote a healthy competition among the exchanges so they can improve upon their  customer services. On the other hand, if care is not taken some exchanges might end up promoting coins using the pump and dump method.

[figmentofmyass]

ordinarily i'd say "any competition is good competition". but the truth is, at some point of saturation, consumers gain nothing.

i think what's happening now is that secondary incentives have developed in the market. running an exchange is lucrative because listing fees have gotten so high---it's not just about trading fees anymore. by the same token, ICO companies are desperate to have their tokens listed somewhere, which creates demand for these new exchanges.

so it's no longer just about organic supply and demand for cryptocurrencies. i'm not sure how long this trend can last.

Many exchanges = more competition = better exchanges

I'd prefer many choices rather than just a small number of exchanges handling majority of the cryptocurrency market. I couldn't think of a downside as of now.

as long as the order books are thick. if you spread traders and market makers around too much, that makes for thin markets, more slippage and higher volatility.

[bloodyvio]

many exchanges are actually good
because it will increase attention to crypto
because every exchange is in a different country

[TheBiochemist]

I don¨t think there can be to many really, there will simply fail if that is the case. The main thing is that we have 2000 projects, which cant be traded on 1 exchange so we actually require quiet a few! If we also think that adoption will speed up, we will need many of them to simply supply the demand, a few large exchanges cant handle it all i' d say.

It will also promote new solutions and a competitive market so all in all it is a good thing to see all the exchanges start up.

Peace!

[mangsitin]

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

Yes, I agree with you, in my opinion also with now there are many exchange markets present to take advantage when Cryptocurrency is popular all over the world it is very good, because for me it is very profitable for Arbit coin if the price is unstable in other markets. and the negative impact of many exchanges now, in my opinion, is not so great. instead, more and more exchanges are becoming more attractive in trade.

[adjong]

it's good to have a lot of exchanges for where you want to replace your token or coin being held because not all your tokens are in exchanges too many tokens are not in the market or exchange because the company is denied that token. good that many exchanges

[Olalomi]

Having many exchanges isn't a bad idea but how reliable and secure are the exchanges? of course there are growing numbers of Cryptos users and definitely there is going to be more demands for particularly decentralized exchanges and the credibility of those exchanges should not be questionable so as to bring confidence in to the system.

[Naughty Princess]

the benefit is that each exchange will give a profit for every user, especially for the exchange owner. and the negative impact is that each exchange will easily affect the crypto world volatility.

but in my opinion, more exchange will make us easier to control and compare each crypto price.

Many exchange can help us to find best among them and it helps for the improvement of each exchange especially in terms of security. You can choose exchange which can make fast transactions with lessen fees. Price of coins in every exchange is different is an advantage for those who trade to gain profit for short term.

[FreedomFighter2]

Now a day for bitcoin many exchange. I couldn't think of a downside as of now. But yeah, hopefully we get more decentralized exchanges in the future.

[aryaadikariyansyahsuwarto]

in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!

[andieoke]

Yes, right. Currently, many exchanges Cryptocurrency which makes us sometimes hesitate if you want to trade in a new exchange we know, when we have a token or coin that is in such exchanges. in my opinion, the increasing number of exchanges is precisely we have to be careful in new exchanges, and my advice to all friends, we should trade in exchanges listed in Coinmarketcap. or before we trade, you should ask your friends first, safe or not if for example we trade in new exchanges that we just know.

[celot]

When having altcoin listing at many market is very good for the future of coin price, it one way how make altcoin can have higher price and could growing up. now day many coin want to try for listing at many market exchange.

[yndye]

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 don't think it would have a negative effect. Being a trader, it would give you more options as to where you should trade your coins. However, you should always be careful where you are trading because there are so many phishing sites out there that would try to get your coins from you especially of you are trading in those famous sites. Always check the review of the people when you are trading in a new exchange and check their support if it's responsive and check the fees as well.

[hacekd]

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?

Crypto's popularity is one of the opportunities for all parties from various fields, including the people who make new exchanges that are expected to get enough users so that there are many new exchanges popping up in digital currencies, there are positive things but many make an exchange site as a tool to steal our money as a user so we have to be careful...

[sotoshihero]

in my opinion there is no effect if there are more exchanges. Because the volume of coins remains the same. In fact, it might be better, because there is a lot of access to selling and buying these coins at different prices ... !!

I cant argue more. The more exchanges we have the better. This means that we have more options where to send and sell our coins. The problem is, which one is legit that would guarantee that it will not close and left the traders with nothing because they ceased to operate. I hope a regualtion to exchanges is better explore which government they are operating.