More exchanges then new traders

[vrabac68]

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

[limmousine]

that's true, even though at the time they were successful they had achieved a soft cap or hard cap, but until now some of the exchanges did not have rapid growth and could not compete with binance or other popular exchanges. now there are still many developers who are just starting their projects and will soon start ico in the near future, no matter what they think and it seems that this is only raising funds for their own future.

[oneidentity]

I honestly do not understand for what purpose we need such a number of exchanges. Especially now, when trading volumes are zero?

[EscrowService28]

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

Seriously? You keep on whining about new exchangers being spawn the market? Don't compare new projects with already success one. These projects are proven to provide liquidity. What's the commotion about more exchanges? I think it's better so we can have diverse market, plus a place for hunter like us to trade our rewards. Instead of talking bad here about them, much better to focus on development not criticism.

[bolshojkush]

Here there is a controversial issue. On the one hand, new exchanges are no longer needed, because they are already enough, and on the other hand they list those tokens that are not seen on other exchanges. In any case, competition plays into the hands of traders.

[Jamesdila1]

i like to see more than twenty much better exchanges like binance, huobi. already top 10 exchanges are very good and we need much more good exchanges. so much more chances to rapid growth of crypto. local exchanges are easy way to buy coins for local customers. so lot of new exchanges are trying to achieve a good position like binance . anyway its good for traders. as i remember we had bittrex and poloniex only as big exchanges in 2016

[Rati24]

Yes, every day there are a lot of exchanges and many of them can be understood. They want to grab a piece of this pie called cryptocurrency. Yes, I agree on new exchanges there is no trading volume at all, or they are screwed up with bots. Most likely they are preparing for the next growth of Bitcoin, because then everything will remain with a very good profit.

[Vektrum]

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

The infrastructure for the use of cryptocurrency is developing for the future and this is very good. There are times when there were only a few exchanges and exchangers on the planet. Therefore, I do not see anything wrong with that. The more they will be, the more convenient it will be to use a cryptocurrency. In addition, competition between them will inevitably arise, it will mean that they will not dictate their terms to traders.

[Cuk0ng_bitc0in]

hard new axchange become to be binance or other because they have to promotion them anytime and any where, so need a time for that

[Haunebu]

I agree with you op. There are way too many exchanges these days and am seriously not interested in any of the new exchanges(Decentralized or not) since it does not matter too much when the market conditions are bad at the moment.

I strongly advise everyone to invest only into reputable exchanges like Binance, Bittrex etc since they have proved themselves over the years, but store your coins in a hardware wallet since online exchanges are prone to hacks no matter how good their security is.

I feel that many new exchanges will shut shop pretty quickly due to bad volumes, fraudulent owners etc which is why only the popular exchanges will continue to function in the long run.

[Herbert2020]

there has been an increase in the number of exchanges but it is not as much as you claim it to be. and it is a good thing in my opinion because it creates a bigger competition among exchanges and prevents them from getting too cocky with themselves because they become big since there aren't that many alternatives. but when there are many alternatives the exchanges have to always stay on their toes and improve their services or be replaced. and that is good for the users.

[airdropcoin]

I honestly do not understand for what purpose we need such a number of exchanges. Especially now, when trading volumes are zero?

This is obviously a very big good news. This shows that the cryptocurrency is being reorganized and it is possible to take off at any time. To know that the birth of the exchange is not blind, they predict the future of the market.

[Shreek]

for the cryptocurrency exchange platform market, I think it's been controlled by big exchangers such as bittrex, binance, okex, kucoin and so on, but the majority of the platforms that have just launched they don't intend to compete with these big exchangers, they aim to provide developers with who just finished holding an ICO, this exchange business model is they charge fees to coin owner developers to be able to register coins in exchange

[slaman29]

You're sick of exchanges coming up every day? You should be sick of the 100s of tokens coming up every month, because these damn tokens are the ones giving rise to the new exchanges. And if you're holding all those tokens with 0 volumes, then guess what? You bought a shitcoin that nobody wants, because nobody uses. Face the reality, don't blame the game, blame the players.

[Crypto Girl]

Simply because some see it as milking cow where the profit became easy, just imagine the fees even it's not a reputable sites and even they have a promotional free listing they still benefit to it especially in the long run.

I think OP should stop stressing himself like obviously we all have a freedom where to trade and no one forcing him to use those new platform. Just stick to those you trusted and stay away from sites that widely using bots.

[livingfree]

If you are sick of seeing them more and more everyday then avoid looking at those. You can't stop the growth of these businesses and they are popping out like mushrooms. Just let them operate until they close if you aren't interested to them. An exchange that has 0 volume will close immediately and will be out of business because of no profit. We've got a lot of exchange already and competition is just tough as we think because they think that exchange business is very profitable.

[clipto]

There are a lot of exchanges, because I think it is the most profitable thing in the whole crypto currencies space. There are a lot of traders and the coins will be traded anyway. It is the most profitable business at the moment

[talkbitcoin]

this is also another form of supply and demand.
in this case supply is the exchanges that are offering trading services and the demand is traders who are looking for a place to trade.
since the demand has been increasing due to the massive pumps and the huge dumps that came afterwards, there is a lack of supply or exchanges for all of these users to use. so there is an increased number of exchanges.

additionally it is because of the money that exchanges can earn from traders...

[NeuroticFish]

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens .

An exchange doesn't need to trade 1000s of BTC to get profit. Some are happy with much smaller amounts. And this is a part of decentralization. And it's good.
The more legit businesses the better. More exchanges means that some may even trade your tokens. More exchanges means competition, which can lead to lower fees.
If you don't like this, you misunderstood something...

Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

They just don't have to. What would you prefer to see, only one grocery shop in every country or one at every second corner? How do they survive?! It's basically the same logic.

I honestly do not understand for what purpose we need such a number of exchanges. Especially now, when trading volumes are zero?

What volumes are zero? I've just looked at the charts and they show 85 300BTC only today for Bitcoin. Yes, it's far from the average of 200 000BTC traded in Dec 2017, but it's also far from 0.

[mirawantirinjana]

Whats going on with so many exchanges coming out either decentralized or hybrid ? I am sick of seeing more and more each day where amount of volume is zero and you cant trade your tokens . Serious i dont know how they are going to have success in the future next to Binance,Okex,Houbi....and others

I also don't really understand the purpose of the new exchanger. currently there are so many exchangers that are being launched, but basically their technology is not much different from existing exchangers, maybe even worse.