Too many exchanges?

[Raboug]

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 the wide variety of exchangers is something bad. The community is not limited in the choice of exchange. It is somewhat like decentralization. When there was no choice, most of the enthusiasts used Mt.Gox. What happened to this exchange, most know. One of the advantages of many exchanges I think is that it allows each individual trader to choose a platform to their liking and favorable conditions. For, prices, bonuses and special offers are everywhere different. It will not be superfluous, when choosing the exchange you need, read reviews from other users. Examples could be https://revain.org/exchanges/cexio or https://www.trustpilot.com/review/cex.io. Of course, cex.io is also an example. I would not recommend using it, as not the highest ratings. But, maybe someone will find conditions favorable for themselves in this exchange. The choice is always yours.

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[Botnake]

Now exchangers and exchanges in general have begun to appear on the market much more, will they compete with others? this is another question, but as for me it’s difficult, everyone has long taken their place, but got on WhiteBit the exchange what do you think, are there any chances?

I heard this exchange, looks like a lot of people are shilling this exchange in the forum, it was just recently launch but it already have a good volume, but I haven't use this exchange yet, I still with the old exchange but reliable.

Too many exchanges is good for the market because it's expected that the adoption will increase, with that, exchanges are in demand.

[Lapatai]

The bad exchanges die off quite quickly due to lack of liquidity, security or popularity.
In my opinion, there should be about five of it.

[stadus]

The bad exchanges die off quite quickly due to lack of liquidity, security or popularity.
In my opinion, there should be about five of it.

We need more, if you look at here  https://coinmarketcap.com/, the current 24 hours trading volume in total is $49.5 billion, therefore with only few exchange, it is very risky and the market would be affected so hard if an exchange will be hack, if you still remember the mt. gox, that would be the scenario that will happen.

Exchanges that has good liquidity IMO will have to average at least $100 million in trading volume, therefore, with the current total trading volume, we need at least 400 exchanges in the market.

[conected]

Now exchangers and exchanges in general have begun to appear on the market much more, will they compete with others? this is another question, but as for me it’s difficult, everyone has long taken their place, but got on WhiteBit the exchange what do you think, are there any chances?

I heard this exchange, looks like a lot of people are shilling this exchange in the forum, it was just recently launch but it already have a good volume, but I haven't use this exchange yet, I still with the old exchange but reliable.

Too many exchanges is good for the market because it's expected that the adoption will increase, with that, exchanges are in demand.

- Exactly, many exchanges will create an incentive for old exchanges to continue to move up, it will even be an opportunity for new exchanges to show their full potential and strength in the market, and we as users of this market, we have the right to choose what's good for us. However, we should still be careful when a lot of exchanges are created to deceive our information and steal our money, many people have confirmed their information is leaked, so if we are not sure about an exchange, stop using it and select exchanges that are trusted by everyone

[Nthert]

Now exchangers and exchanges in general have begun to appear on the market much more, will they compete with others? this is another question, but as for me it’s difficult, everyone has long taken their place, but got on WhiteBit the exchange what do you think, are there any chances?

I heard this exchange, looks like a lot of people are shilling this exchange in the forum, it was just recently launch but it already have a good volume, but I haven't use this exchange yet, I still with the old exchange but reliable.

Too many exchanges is good for the market because it's expected that the adoption will increase, with that, exchanges are in demand.

- Exactly, many exchanges will create an incentive for old exchanges to continue to move up, it will even be an opportunity for new exchanges to show their full potential and strength in the market, and we as users of this market, we have the right to choose what's good for us. However, we should still be careful when a lot of exchanges are created to deceive our information and steal our money, many people have confirmed their information is leaked, so if we are not sure about an exchange, stop using it and select exchanges that are trusted by everyone

Of course, new exchangers have won trust in the market for a very long time, here you already need to look at all this yourself and draw some conclusions

[DmitFomin]

I like a large number of exchanges because competition is growing and large exchanges are trying to improve the service and services that they offer, so as not to lose customers and not lose competition. But I agree, it would be convenient to trade a large number of coins on one exchange and not use a dozen different exchanges. I hope in the future the number of exchanges will become less and their quality higher.

[1BTC EQUALS 1CAR]

I also wish that that there are only limited exchanges like 20-25. Everyday or every week, I always  see a new exchange getting advertised or announced in bitcointalk. Imagine if we only have few exchanges with quality service then we can always have healthy growth on altcoins. But because there are thousands of them out there, the volume are scattered that make the btc and altcoin price to moon.

[Renampun]

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 feel the community greatly benefited,
The Exchange that continues to emerge is evidence that competition in the crypto business is healthy,
the exchange which is bad in service to users and complicated transactions will be eliminated.

[bitbunnny]

I also wish that that there are only limited exchanges like 20-25. Everyday or every week, I always  see a new exchange getting advertised or announced in bitcointalk. Imagine if we only have few exchanges with quality service then we can always have healthy growth on altcoins. But because there are thousands of them out there, the volume are scattered that make the btc and altcoin price to moon.

We are flooded with exchanges, that is true. And the worst thing is that many of them don't run legitimate business and don't protect their users in adequate way.
I still hope that with time some kind of selection will be done and that only the trustworthy exchanges with quality services will survive. Hope that this trend of new emerging exchanges will stop soon.

[LimLims]

The bad exchanges die off quite quickly due to lack of liquidity, security or popularity.
In my opinion, there should be about five of it.

Yeah you picked a good point.
Many exchanges who had a mind of scamming are got kicked from the market due to these reasons.
But still people have some faiths on many exchanges.
But i would only suggest for the trusted and reputed ones.
Binance can literally be a good choice.

[wywoc]

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 competition is always beneficial to customers. We have more options, we can choose the best exchanges with better fee and loyalty programs, and projects also have many options to get listed. But we need to consider about their user interface, liquidity and security.

[AicecreaME]

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?

Majority of the new exchanges are  not beneficial to the market,  there are lots of those exchange that support scam tokens to be listed on their exchange.

Almost all of those new exchanges are involved in fake volume manipulations,  giving out false volume so as to deceive investors in investing on their exchange,  I know of some certain  new trading exchange that had fold up due to low trading activities on their exchange

Etherdelta and Forkdelta is the best definition for this. Lots of shitcoins are on their site, all of the airdrops of not that good coins are all there, and yes, their system sometimes gives the wrong information about a certain coin, so basically you don't know if the profits you are seeing in your portfolio on their site is true. I always trade on the trusted ones like Hitbtc, binance, livecoin, and Idex, I only trade on exchangers that is new to me when I don't have a choice because they are the only one who have that certain coin for example.

[BitcoinHunt3r]

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?

Majority of the new exchanges are  not beneficial to the market,  there are lots of those exchange that support scam tokens to be listed on their exchange.

Almost all of those new exchanges are involved in fake volume manipulations,  giving out false volume so as to deceive investors in investing on their exchange,  I know of some certain  new trading exchange that had fold up due to low trading activities on their exchange

Etherdelta and Forkdelta is the best definition for this. Lots of shitcoins are on their site, all of the airdrops of not that good coins are all there, and yes, their system sometimes gives the wrong information about a certain coin, so basically you don't know if the profits you are seeing in your portfolio on their site is true. I always trade on the trusted ones like Hitbtc, binance, livecoin, and Idex, I only trade on exchangers that is new to me when I don't have a choice because they are the only one who have that certain coin for example.

That 2 sites, maybe alternative for developer when they can't listed their tokens anywhere else. Maybe each exchanger have their positive and negative feedback. As long they are still trustable and not scam their users, i think any exchanger will be good with their own positive and negative things like fake volume, or maybe anything else.

[Meowth05]

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 competition is always beneficial to customers. We have more options, we can choose the best exchanges with better fee and loyalty programs, and projects also have many options to get listed. But we need to consider about their user interface, liquidity and security.

Indeed, it is good to hear that there are many exchange are appearing but it is alarming as well. Do not just choose a random exchanges if really care to your assets. It is beneficial in the way of we could choose an exchanges that would satisfy our desire, or have a better service compared to the other one. But it could be a troublesome to new bud traders because it would confusing which among them are credible one. Do not just considet the interface and security but the integrity as well.

[Rodeo02]

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?

Majority of the new exchanges are  not beneficial to the market,  there are lots of those exchange that support scam tokens to be listed on their exchange.

Almost all of those new exchanges are involved in fake volume manipulations,  giving out false volume so as to deceive investors in investing on their exchange,  I know of some certain  new trading exchange that had fold up due to low trading activities on their exchange

Etherdelta and Forkdelta is the best definition for this. Lots of shitcoins are on their site, all of the airdrops of not that good coins are all there, and yes, their system sometimes gives the wrong information about a certain coin, so basically you don't know if the profits you are seeing in your portfolio on their site is true. I always trade on the trusted ones like Hitbtc, binance, livecoin, and Idex, I only trade on exchangers that is new to me when I don't have a choice because they are the only one who have that certain coin for example.

This etherdelta was good when its first lunch i earn many eth backthen  From free airdrops. not that bad exchange before but not now, more of the token there  now has no value and no buy orders.  Idex was good becuase they can delist shit token when the token has no volume.


There are many new exchange created and the only porpuse is to make profit from traders grab some listing fees from  token owner but more of them will colapse.

[StayFly]

It is good to have too many exchanges, my friend. the more exchanges we have the more the decentralized the market is going to be. We need as many exchanges as possible both centralized and decentralized. the more we have the better in terms of the user's choice, freedom, and security.   

[desticy]

Most exchanges do not need anyone. And unfortunately, due to the fact that projects are not able to raise funds, they conduct listings on these strange dubious exchanges on which there are no volumes.
Thus, projects drive themselves into a dead end. Instead of developing, reconstructing, and trying to collect the necessary amount of funds again, they go to a bad exchange and sell out.
There are a lot of bad projects and bad exchanges, but this is only temporary. More and more exchanges will be closed every month due to their futility.

[Pearls Before Swine]

No one loses out by letting enough people throw enough shit at the wall. We benefit from what decides to stick.

Agree with this and I really dont think there are too many exchanges right now and that, by a process of natural selection, the bad ones will bankrupt themselves and the good ones will prevail.  Myself, I think its great to be able to trade crypto 24/7 and to have a broad selection of exchanges to choose from.  Some have coins that others dont have and I think its even necessary for a myriad of them to exist.

It isn't always going to be like this tho.  Ten years after bitcoin was birthed, we are still in pioneer territory with regards to cryptocurrency.  Gov'ts haven't started to regulate exchanges like I thought they might but I think it will happen eventually, and we will start to see a consolidation.  It'll be interesting to see if any buyouts occur.  Didn't Xapo get bought by an exchange?  I know Xapo isn't an exchange, but the principle is the same.

Indeed, it is good to hear that there are many exchange are appearing but it is alarming as well. Do not just choose a random exchanges if really care to your assets.

Don't think anyone is saying one should choose randomly.  The question is whether it is beneficial to have so many choices, which I assert it is, providing that they're legitimate.

[man22555]

I think there can't be enough exchanges.. Competition is needed for young markets and in the end, only the best ones will establish!