Glorious04
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February 05, 2019, 12:00:52 AM |
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There's a lot of crypto exchanges rising out there every now and then but then very few of them are successful. As I noticed a lot of crypto exchanges platform are conducting ICOs, with the current market competitions I don't believe there will be a big chance for their success.
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nebuch
Member
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Activity: 588
Merit: 11
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February 05, 2019, 02:49:08 AM |
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Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.
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boyz97
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February 05, 2019, 03:03:00 AM |
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Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.
developers teams see huge opportunity if they developt their own crypto exchanges.day by day cryptocurrency investors growth smoothly and much new investors joined in crypto trading.they see this is as good opportunity to earn money if they developt their own exchanges.
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NewRanger
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February 05, 2019, 03:49:53 AM |
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Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.
developers teams see huge opportunity if they developt their own crypto exchanges.day by day cryptocurrency investors growth smoothly and much new investors joined in crypto trading.they see this is as good opportunity to earn money if they developt their own exchanges. that's why now many projects based on exchanges.they look it as their opportunity to earn money from cryptocurrency.each new exchanges project give interested offer to their investors, such as deviden, free trading fee and soon.if cryptocurrency market recovered they will gain much money from trading fee.
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andriarto
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February 05, 2019, 03:58:52 AM |
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Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.
developers teams see huge opportunity if they developt their own crypto exchanges.day by day cryptocurrency investors growth smoothly and much new investors joined in crypto trading.they see this is as good opportunity to earn money if they developt their own exchanges. of course this is inseparable from the opportunities of growing cryptocurrency users. therefore many projects are based on exchanges. I think this is good for healthy competition, with more and more exchanges, consumers can choose the exchange that suits them best, with good service I think they can compete with the old exchange
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Thanasis
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February 05, 2019, 05:55:18 AM |
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Honestly speaking I noticed that there are more ICOs developed their own exchange. Maybe they saw something better than listed their tokens in different exchange. I also think the exchange sites now is the market trend. I guess there is something good is going to happen in the future.
They introduced their own token and giving fee restrictions while using it so if some exchange got more trading volume means their token will be a big part of it like in binance exchange BNB is doing good at the moment but they may not last long.
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pieppiep
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February 05, 2019, 07:25:31 AM |
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Exchange platforms will usually enter the market list depending on the daily trading volume in the crypto exchange, if the exchange is quiet and does not have a high trading volume then it seems that it requires a higher effort to be able to increase trading volume so that it can be placed in the market.
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pat4cryptoreal
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February 05, 2019, 07:54:37 AM |
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There is still place at the top for any up coming exchange, overtaking is allow in this ecosystem. Want is needed is good publicity, liquidity and security.
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iv4n
Legendary
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Activity: 3136
Merit: 1172
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February 05, 2019, 12:46:21 PM |
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There is still place at the top for any up coming exchange, overtaking is allow in this ecosystem. Want is needed is good publicity, liquidity and security.
This is the bottom line! There is still place at the top for many others! Crypto just started to grow and we will see many, many new exchanges. Second great thing you said is "overtaking is allowed in this ecosystem and in many others, who come out with better team, better solutions, unique ideas, combined with all other factors can aim for place at the top, others will stay where they are or they will fall. Deisik you are legendary member maybe you remember the times when this numbers were much smaller. Can you remember which exchanges were popular in 2015 and earlier? I was actively trading back in the day, so it is not a hard question for me to answer. Bitfinex was the most popular exchange back in 2015. I can't say with certainty about now, but it is still one of the top exchanges out there. And I like their approach to margin trading as it is pretty simple and easy to understand (unlike what they do at Bitmex), though I don't quite like them wrongfully liquidating open margin positions as it actually happened to me once But they admitted being wrong and even paid back the expenses which I suffered due to their mistake My point is clear, things are changing in crypto faster than in real world! This is not the end of the game, it`s just starting to be interesting as more people are coming in. We can`t predict the future, all I know that even the greatest ones fall from time to time. Competition is healthy for every business, even for this crypto businesses. What am I saying is that we need to be ready for everything, by that I mean don`t hold to much coins in any exchange no matter how popular or big they are.
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deisik
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English ⬄ Russian Translation Services
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February 05, 2019, 02:13:26 PM |
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Deisik you are legendary member maybe you remember the times when this numbers were much smaller. Can you remember which exchanges were popular in 2015 and earlier? I was actively trading back in the day, so it is not a hard question for me to answer. Bitfinex was the most popular exchange back in 2015. I can't say with certainty about now, but it is still one of the top exchanges out there. And I like their approach to margin trading as it is pretty simple and easy to understand (unlike what they do at Bitmex), though I don't quite like them wrongfully liquidating open margin positions as it actually happened to me once But they admitted being wrong and even paid back the expenses which I suffered due to their mistake My point is clear, things are changing in crypto faster than in real world! This is not the end of the game, it`s just starting to be interesting as more people are coming in. We can`t predict the future, all I know that even the greatest ones fall from time to time. Competition is healthy for every business, even for this crypto businesses. What am I saying is that we need to be ready for everything, by that I mean don`t hold to much coins in any exchange no matter how popular or big they areBut I don't disagree with this In fact, I'm using margin trading (i.e. shorts) specifically to keep as little in my exchange account as possible, while still being able to ride short-term price movements. It is just a matter of time when an exchange gets hacked or something else as bad happens resulting in the loss of coins (like what happened at Quadriga). For the record, Bitfinex had already been hacked in the past, though it is still not clear whether it was a "genuine" hack or an inside job
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Reid
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February 05, 2019, 02:49:08 PM |
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It is possible for any exchange to be on top. But you have to also look at the competition. ICOs now are creating projects which mostly are exchange. Think about it, investors are willing to buy their tokens and are actually believing it will work out. Same goes for every new projects out there and yours.
It must be unique though and not just a mere copy of those famous exchange which is mostly the product of ICOs. Conclusion: Failure.
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shesheboy
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February 05, 2019, 02:58:52 PM |
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It is possible for any exchange to be on top.
to be on top you also need to be the best and any exchange does not have that trait . not all have the potential because some are born to be good and some are destined to be bad . Re: Can a new crypto exchange take a place in the market? afaik exchange and market are both the same/simillar . what you mean to say is " can a new exchange take over the existing one's " ? the answer is yes only if they are promising enough . if they are unique and has a better service than the other competitors then its possible for them to be discovered and rank up .
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crzy
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February 05, 2019, 03:05:40 PM |
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A week ago i've met a person, who's working on a new exchange. They've been developing it for a couple of yers now and, from his words, it seemed pretty cool. I can't say for sure whether i think it's a legit idea or not. So, Is it possible for a new exchange to make it to the top or is it already monopolized and new projects and busineses are doomed in the whole industry? I've been trading for a short period of time and i haven't noticed huge defferencies in exchanges
Its possible, especially if they got so much interest from the public. The top exchanges right now are also experienced to be doubted befors but look at them now, they succeed. Maybe a little more time for them before they land on at least top 50 exchanges and the next goal will depend on the performance of that exchange.
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spacelab (OP)
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February 05, 2019, 03:29:38 PM |
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Right now the market conditions seem to be very bad to launch a new crypto exchange. All the existing exchanges are suffering from declining volumes of traded coins and tokens. That means less fees to cover running costs while these costs for employees etc. stay at a much higher level.
In the end of 2017 / begin of the new year so many new exchanges were launched, lacking in security, experience and other general things. I think exchanges are similar to most shitcoins: only the big ones will stay and those who are not able to deal with the bear market or occuring hacks will be gone long-term. A new exchange needs to have a very good concept to get costomers from existing exchanges and it's always a barrier to verify at a new exchange instead of staying at the old one.
There are just too many exchanges out there...
they've been developing it for a long time already ], so all the things like security, unique features etc are covered
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ololajulo
Sr. Member
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Chainjoes.com
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February 05, 2019, 03:30:01 PM |
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The space still have less than 300 exchanges for up to 4000 coin, most of the exchanges are trading shit coin and have no influence in trading market. the space is welcoming a new development to bring in fund to it and to increase adoption across the globe. Letting everyone be involve in the technology is the new movement to increase adoption to ends of the world. More so basic requirement of a good exchanges should be satisfied, it is no more in the number of exchanges but the influence in market to bring more fund and increase adoption while our accounts are kept safe.
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ecnalubma
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February 05, 2019, 03:40:24 PM |
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The more the merrier but only few survived and some are tempted to scam investors, yes we really need good exchanges to have more choices. The real secrets of exchanges to succeed is through competent team and effective marketing, some looks good and attractive but fail to meet user satisfaction.
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spacelab (OP)
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February 05, 2019, 04:12:19 PM |
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A week ago i've met a person, who's working on a new exchange. They've been developing it for a couple of yers now and, from his words, it seemed pretty cool. I can't say for sure whether i think it's a legit idea or not. So, Is it possible for a new exchange to make it to the top or is it already monopolized and new projects and busineses are doomed in the whole industry? I've been trading for a short period of time and i haven't noticed huge defferencies in exchanges
It will sound pretty good if you got the information on th inside of that development because they are making a highly focused business so that is why they sound amazing. Just like other exchange it also needs some exposure to the masses before it can take place in the market and they have to focus on a single coin and sacrifice so much money on top of that . So it will be as easy as it sounds but good luck to them and i hope i can take part in that wonderful opportunity. It's called Nominex, i believe they're launching in the end of February.
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spacelab (OP)
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February 05, 2019, 04:15:44 PM |
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As far as i know, they are launching soon(in the end of Feb) and the only choice left is the tokenomics. I've given them my opinion, but i beilive that the uderstading lies on a lot of opinions of daily crypto users and traders, so i've decided to give it a shot and ask you guys. The token itself will be used to have a discount on fees and, maybe, something else Here are the options that they have: 1. They are giving out tokens as a return from paying fees, the price of the token is set by the company and the price is changing (from low to high) with each distributing phase every 2 months and capping at 5 months. The token will be listed immediatly at the exchange. 2. Token is listed immidiately and users are getting tokens as a return from paying fees, but the amount is determined by the tokens market price. The amount of tokens may be limited per day (not for every single person, but for the whole exchange) and they are given out proportionally (like the EOS ico) to the trade volume. ( as i understand this, for example, you are trading there right after launch and since there're few users, your trade volume is 30% of the whole day trading volume on this exchange, so you get 30% of all tokens for that day). And they will just devide the whole amount of tokens by 365 and will be giving out tokens for a whole year.
What do you think about these options? Wich one sounds better or can be way better with addition of something\changes?
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fudster
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February 05, 2019, 04:41:54 PM |
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Binance started small so before it will dominate all the exchanges, the existing exchanges today should really be taking action and massively promote themselves like they are one top exchange that prioritize the welfare of crypto users. f there is the need to support forks do it like how binance do it. If there are airdrops need to be distributed, distribute them honestly like they do because sooner if all exchange provides dishonest services, Binance will the the first to dominate and all others are garbage.
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Lumi3004
Jr. Member
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Activity: 462
Merit: 2
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February 05, 2019, 04:57:04 PM |
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For now, I see a lot of exchanging crypto tokens on the market, but it depends on the place, this I think has become an injection or an idea so that people are more familiar with coins, meaning understanding about crypto.
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