Can a new crypto exchange take a place in the market?

[Ridwan Fauzi]

New exchange needs a a good reputation from some people who have an influence on cryptocurrency in particular. It is not easy to convince someone or many traders to trust a new exchange including the exchange quoted by the OP. Moreover, exchange cryptocurrency is very prone to fraud, which will make everyone less confident about the new exchange.

In other hand, I agree to someone who says a new exchange needs a promotion. Either through this forum or with social media, but the most influential to promote their new exchange every developer can use this forum by using a siganature campaign that is paid for with bitcoin, at least by using bitcoins each participant can immediately trade on the trading platform every time he gets paid a week.

[Golftech]

-Snip-

   Don`t you see that happening everyday? I`m here for some time, in crypto-space, and almost every week I hear about new exchange. Maybe
exchange isn`t new, but I hear for them for the first time. There are big ones, but still there are many new ones.
   They are appearing every week, centralized, decentralized, now we are able to choose where we wish to trade with crypto-currencies. I`m
learning to use decentralized crypto-exchanges, after Binance hurt my feelings.

Lots of decentralized exchange has been offer and crypto peps are trying to be familiarize with its benefits, there's always room for any new project
they just needed to compete well and make things possible as old and reputable exchange already deliver this new exchange projects needs to be willing
to offer something new to its target participants.

[Kimi80]

Why not. There are new projects of similar type in everyday life that are successful, it shouldn't be different with crypto exchanges. But very, very big budget is required to be competitive with the strongest ones.

[spacelab]

New exchange needs a a good reputation from some people who have an influence on cryptocurrency in particular. It is not easy to convince someone or many traders to trust a new exchange including the exchange quoted by the OP. Moreover, exchange cryptocurrency is very prone to fraud, which will make everyone less confident about the new exchange.

In other hand, I agree to someone who says a new exchange needs a promotion. Either through this forum or with social media, but the most influential to promote their new exchange every developer can use this forum by using a siganature campaign that is paid for with bitcoin, at least by using bitcoins each participant can immediately trade on the trading platform every time he gets paid a week.

Do you think it's possible to promote something through this forum?

[farosa]

Today, it should be more superior and reliable than others in order for exchange to be in the primary place. If devs are new in sector much time is needed, because new exchange has to be proved as time goes by. If I give this example with coin, look to BTT.

[pixie85]

It can especially if you want to start on a local market. It's easy to buy Bitcoin with USD or EUR but not so much if you're in Africa or the Middle East and have only local currency at your disposal. If  there are no big exchanges operating in your country and the laws aren't working against you it should be easy to start a new exchange. If you want a global exchange you better have a lot of money for advertising.

[akram143]

New exchange needs a a good reputation from some people who have an influence on cryptocurrency in particular. It is not easy to convince someone or many traders to trust a new exchange including the exchange quoted by the OP. Moreover, exchange cryptocurrency is very prone to fraud, which will make everyone less confident about the new exchange.

In other hand, I agree to someone who says a new exchange needs a promotion. Either through this forum or with social media, but the most influential to promote their new exchange every developer can use this forum by using a siganature campaign that is paid for with bitcoin, at least by using bitcoins each participant can immediately trade on the trading platform every time he gets paid a week.

How it happens people are not trusting the existing cryptocurrency for the future then the new cryptocurrency will not made any changes and the investors Minds show if the existing cryptocurrency will develop there will be a option for the new Crypto to be take place a good role in this field.

[wahyu wida]

Today, it should be more superior and reliable than others in order for exchange to be in the primary place. If devs are new in sector much time is needed, because new exchange has to be proved as time goes by. If I give this example with coin, look to BTT.

of course, more and more new exchanges will be better, because the custumer can choose services from each of the existing exchanges. on the other hand this indicates that the future of crypto will be good later, because of the growth of new exchanges

[Tervelatuk]

Today, it should be more superior and reliable than others in order for exchange to be in the primary place. If devs are new in sector much time is needed, because new exchange has to be proved as time goes by. If I give this example with coin, look to BTT.

of course, more and more new exchanges will be better, because the custumer can choose services from each of the existing exchanges. on the other hand this indicates that the future of crypto will be good later, because of the growth of new exchanges

more exchanges appear in cryptocurrency means there are much money and capitalization in this market.moreover if this exchanges give the simpleness to their customers.especially in trading feature such as limit and stop order that not each exchanges have.

[biskitop]

like it is interesting if the token is directly listed on the market exchange. even though there is a fee there, but I think it will be better than having to wait long.

[sulendra12]

It could, however there is something that called competition and most of newer exchanges has been proven this for so long and they can't compete with older exchanges like Poloniex and Bittrex.

exchanges appear in cryptocurrency means there are much money and capitalization in this market.moreover if this exchanges give the simpleness to their customers.especially in trading feature such as limit and stop order that not each exchanges have.

They usually have this kind of feature, you were just not paying an attention

[Caladonian]

Today, it should be more superior and reliable than others in order for exchange to be in the primary place. If devs are new in sector much time is needed, because new exchange has to be proved as time goes by. If I give this example with coin, look to BTT.

of course, more and more new exchanges will be better, because the custumer can choose services from each of the existing exchanges. on the other hand this indicates that the future of crypto will be good later, because of the growth of new exchanges

Enhancement and more additional offers together with fair and honest business, this are the edge of newer exchange that might attract more traders
and investors, since there's already existing competitions, they just need to enhance their services and make sure that they have more promising things
to offers that they can easily achieved, traders will be always the beneficiaries of this as they can switch between.

Customers satisfactions will always be the big edge in terms of this business competitions.

[trashman43]

For a crypto exchange to have a place in the market and the crypto ecosystem in general, this will highly depend on how they present their platform to the crypto audience and users. As you already know, the top exchange platforms account to about 60% of the total cryptocurrencies volume available to the crypto market. Considering this,  I think the best option for a new crypto exchange to take a place in the market is to provide their service to new crypto coins which are not yet in the crypto market. This will help present their platform to the crypto space.

[miningguru]

Adaptation are kept increasing in the market which there is huge chance to launch new exchanges in the market. Already many governments and many reputed stock market exchanges are planning to launch cryptocurrency exchanges which will help to get more reputations for cryptocurrency.

[avarnet]

like it is interesting if the token is directly listed on the market exchange. even though there is a fee there, but I think it will be better than having to wait long.

That's right because waiting is a very annoying thing, so if there really is a new token it's better to have registered in the market exchange than we wait a long time

[jcarlo]

For a crypto exchange to have a place in the market and the crypto ecosystem in general, this will highly depend on how they present their platform to the crypto audience and users. As you already know, the top exchange platforms account to about 60% of the total cryptocurrencies volume available to the crypto market. Considering this,  I think the best option for a new crypto exchange to take a place in the market is to provide their service to new crypto coins which are not yet in the crypto market. This will help present their platform to the crypto space.

If that new exchanger offering a low transaction fee and security on investor funds, i think will get a space in cryptomarket. We know that binance right now is biggest crypto exchanger and the ages only 2 years. Its great achievement because binance offering big liquidity and security on investor funds

[btccrusher]

Well if they work hard they can take a top place for sure. Remember once Polonix was a top exchange but then many exchange has taken the place in a short period. Recently, ABC exchange has taken a good place within a few months of hard work. So a legit exchange with real supports and experience will always go ahead on top places. Transparency is the key, the exchange should be fair to reach such a good place.

[spacelab]

For a crypto exchange to have a place in the market and the crypto ecosystem in general, this will highly depend on how they present their platform to the crypto audience and users. As you already know, the top exchange platforms account to about 60% of the total cryptocurrencies volume available to the crypto market. Considering this,  I think the best option for a new crypto exchange to take a place in the market is to provide their service to new crypto coins which are not yet in the crypto market. This will help present their platform to the crypto space.

If that new exchanger offering a low transaction fee and security on investor funds, i think will get a space in cryptomarket. We know that binance right now is biggest crypto exchanger and the ages only 2 years. Its great achievement because binance offering big liquidity and security on investor funds

The transaction fee is really low

[metalglowd]

Yes,it can.Binance is also comparitively new with other exchanges but it is now one of the top traded exchange just because of its feature and legitimacy SO if your friend want to create an exchange then they need to keep working on developing its security areas to keep the funds safe and also the advertisement will play a big part of getting success with every crypto projects.

Well, i think we just can't compare it with exchange like Binance, this exchange already has it names in crypto, then create fresh new exchange is not a solution, even this will just make another place for some investor got its prey from pump and dump activity due to low volume.

[Crypto Girl]

Really putting an exchange is really a good catch as even in a bear market they still have a good profit. No wonder a lot of exchange sites are popping in crypto space and taking their luck. Yes there's some that we can say promising but people don't easily trust new sites because of its features. This won't work overnight thus needs a lot of perseverance and patience, as they say don't put your hopes too high.

Having a lot of exchange sites will bring a healthy competition but on the contrary we don't need it if it's just a rubbish one.