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

[nur rochid]

Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.

of course with an increase in service and convenience for consumers, of course it will increase the confidence of consumers, thus gradually can compete with binance. but this must be supported by good system security

[Jating]

Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.

of course with an increase in service and convenience for consumers, of course it will increase the confidence of consumers, thus gradually can compete with binance. but this must be supported by good system security

Binance?  They have raised the bar so I really doubt that anyone can compete with them as this point.

On the contrary, if there are new exchanges coming in then they should learn from Binance and other top exchanges out there. They can't just join in the picture and claim that they can be the best. They need to learn from the best and follow them at least specially how Binance grows in the last 2 years or so.

[South Park]

Trading volume generally are not impressive at the moment so a lot of exchanges are struggling. In any case,there is always room for any new project that can generate enough hype and offer unique service. They can always carve out a share of the market for themselves.more so, there will someday be a bullish momentum that will make it easier to stay afloat

As in any business most of the market share and profits are concentrated in just a few hands while the rest are barely surviving, in order for a new exchange to get big enough to become profitable they will need to offer something that no other exchange offers so they can distinguish themselves from the competition, but that is something that is really difficult to do taking into account that the most powerful exchanges are always improving their service as much as they can in order to bring more customers.

[Aryleeto]

Exchanges were getting into existence regularly, but for exchange service large funds are required. Binance and few other cryptocurrency exchanges are quite strong in the market. It takes much longer time to reach the targeted position, because the top listed exchanges always focus on next level of development.

of course with an increase in service and convenience for consumers, of course it will increase the confidence of consumers, thus gradually can compete with binance. but this must be supported by good system security

Binance?  They have raised the bar so I really doubt that anyone can compete with them as this point.

On the contrary, if there are new exchanges coming in then they should learn from Binance and other top exchanges out there. They can't just join in the picture and claim that they can be the best. They need to learn from the best and follow them at least specially how Binance grows in the last 2 years or so.

Previously, there were 2 giants is poloniex and bittrex and all it seemed that they are giants in this market but then came binance and took most of the market on its site , I think this can be taken into account with any exchange , but at the moment of course binance is developing very quickly and while this exchange has no competitors

[michellee]

Previously, there were 2 giants is poloniex and bittrex and all it seemed that they are giants in this market but then came binance and took most of the market on its site , I think this can be taken into account with any exchange , but at the moment of course binance is developing very quickly and while this exchange has no competitors

Maybe every new crypto exchange needs to learn from Binance because Binance is the new exchange too, but they can give something different than Poloniex and Bittrex. With giving a new service to their member, Binance can compete with both previous big exchange like Poloniex and Bittrex, and now, Binance can take place in the market because we see that binance now become a big exchange too.

[Sebas.tian]

There's always a slot for new exchanges--it doesn't matter if they have a new idea to bring into the market or not. It is also an advantage to have more since people would have many options, hence it would be good for adoption in the long run.

[BitcoinTurk]

The answer can be yes or no because it can achieve success in all kinds of services that make good work in this market and provide useful services for its users. To give an example, the biggest giant of the market, the Binance service was also quite new and soon gained a serious dominance in the market. I think that all new organizations that serve successfully and without problems can reach a successful position in this market. Although it is very difficult to become a market leader in a short period of time, it is possible to achieve this success in the long term. The fact is that every service can achieve success at the same speed and lose its market dominance.

[aad140386]

It seems to me that there are already too many crypto exchanges. Especially in a falling market when liquidity falls. I think this is why many exchanges have inflated trading volumes all this time. Each exchange tries to declare that it has large volumes of trades so that users use their platform. On many exchanges now there is no volume at all. Robots-traders often merge tokens of new projects to insanely low levels, and the exchange does not gain anything from this. It is difficult for me to answer your questions regarding this exchange, as I am rather an investor and not a trader, but I believe that it should have significant advantages over competitors, otherwise it simply does not make sense.

[Adriano2010]

A new exchange will need a lot of time to and a lot of advertising to get people who will use it. But maybe is ok if new exchange comes and offer lower trading fees and if is a secured one and with a good team then can be launched.

[playboy654]

The people had lots of trust about the existing things only if it was going to down also the trust will not reduced in the mindset of people so I think the new exchange will always been take time to get compared with the people then only it will be successful.

[Wellyan]

There is always space in any market for new entrants, its possible to break into the market, but you have to have a well laid down plan and a means to achieving that.
Starting an exchange would require funds, quailty website devs and marketing managers.

all possibilities can happen and no one can predict if indeed a new coin can meet and be of good quality and profitable for its investors I think the development of crypto currency coins depends on its investors

[mrdeposit]

There's always a slot for new exchanges--it doesn't matter if they have a new idea to bring into the market or not. It is also an advantage to have more since people would have many options, hence it would be good for adoption in the long run.

Yes, it is always possible to change places. But, as time goes on, it is getting harder. Because, a few years ago, the exchange was less, and when any was a little good, it immediately gained its worthy place. But today having lots of exchanges makes competition harder.

[annango]

Previously, there were 2 giants is poloniex and bittrex and all it seemed that they are giants in this market but then came binance and took most of the market on its site , I think this can be taken into account with any exchange , but at the moment of course binance is developing very quickly and while this exchange has no competitors

Maybe every new crypto exchange needs to learn from Binance because Binance is the new exchange too, but they can give something different than Poloniex and Bittrex. With giving a new service to their member, Binance can compete with both previous big exchange like Poloniex and Bittrex, and now, Binance can take place in the market because we see that binance now become a big exchange too.

A new exchange is definitely successful to take place in the market if it has more dominant function  than the exchanges before. Yep, Binance is a typical example in terms of crypto exchange. Although Binance is also new exchange compared to other potential exchanges like Poloniex and  Bittrex,it takes place in the market with a vast number of people focused on it.  Binance get a remarkable achievement because it's considered the world’s largest digital currency exchange. It's hard for a new exchange to defeat other potential exchange.

[calya]

There is always space in any market for new entrants, its possible to break into the market, but you have to have a well laid down plan and a means to achieving that.
Starting an exchange would require funds, quailty website devs and marketing managers.

all possibilities can happen and no one can predict if indeed a new coin can meet and be of good quality and profitable for its investors I think the development of crypto currency coins depends on its investors

coins developtment depend on team it self.investors only judge is this projects qualified to funded or not.if developers team could deliver product well and communicat to investors, i am sure this coins will be expensive.

[innocentone]

Of course a new crypto exchange can take a place in the market especially if the exchange is excellent and backed up by a good thing. I have a feeling that this crypto exchange in my signature, Cat.ex , can take place in the market very soon. My favorite part here is the daily dividends that you will get everytime you lock your token.

[eaLiTy]

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.

Anyone can be successful if they come up with a better solution than the rest of the huge and highly established exchanges. The competition is really stiff and with regulations coming up you need to have a good bank roll to get on with the project smoothly, security is the biggest factor and one mess up will ruin your career.

[Crypdon]

All new exchanges will have to create major incentives to prise people away from binance, huobi, and other major exchanges. An ico will not deliver enough funds so this person has to have a lot of money up front

[Pattart]

The people had lots of trust about the existing things only if it was going to down also the trust will not reduced in the mindset of people so I think the new exchange will always been take time to get compared with the people then only it will be successful.

Yeah I think the key is trust, if they are trusted, of course there will be many investors who will try in their exchange to trade,
and of course their exchanges will contribute to the market if they have a marketcap/user

[fianaindriati]

A new exchange will need a lot of time to and a lot of advertising to get people who will use it. But maybe is ok if new exchange comes and offer lower trading fees and if is a secured one and with a good team then can be launched.

I think the new crypto exchange does require a long process. because managing new crypto is not easy now. so it needs a process. so whatever happens later we have to respect all of that.

[Furious 7]

I also saw lots of new exchanges and gave droplets of tokens.
I don't know if this is a good trend for Bitcoin, because they are competing to provide good service.
and the more people trade I think the better.