Sorry We are Closed

[MakeMoneyBtc]

I think we have more than enough exchangers available right now and opening more will not help us with anything. We have hundreds of exchanges available and you can find every single altcoin available on them so I don't see the point of opening a new exchange that does exactly the same thing as other existing already do. Many of them pretend to come along with new features but I think this is just a reason to hide their real intentions of making more money.

[Danslip]

I don't agree with the idea of having more exchanges will make crypto stronger than fewer exchanges. Closing the exchange can help the administration to understand the situation with the 0 loss in my opinion.

[bitgolden]

If there is exchanges that are closing like Coinnest, then there are a lot of room for crypto space to give a chance with the new exchanges. There is nothing wrong if they will create another exchanges. The thing is, they have to enhance their platform and their system for them to be able to compete with the other established and trusted exchanges.
There's nothing wrong to give chance with the other new popping exchanges. As long as they will provided security and not to scam users, it is fine.

One reason why I see problem with more exchange now is because, the more exchanges, the lower the volume of some exchanges will be. The adoption rate is still quite very low and most of the people in crypto now already know the top exchanges that we have and it will take a lot of strong competition for new exchanges to win their heart.

That is why we see some exchange’s having low volume and failing because investors and traders are not paying much attention to them because of the existing ones, but by the time we have more people adopting crypto, there will be need for more exchanges to cater for the needs of traders and investors.

[lovesybitz]

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

For me it is more better if We have a lot of choices that we are going to trade our coins here. But like what others said here it is more advantage to make trade in the exchange that has a good reputation and always belong on top 10 exchange platform just like Binance, Okex, Houbi, and Idax as well.

[ricardobs]

We already have so many exchanges in the industry and I don't think we need more, though if this exchanges can solve a problem in an existing exchange then it's a good thing coming up with a better exchange, it just works like the banking system, we have a lot of bank in existence offering the same services, but some banks have features other banks don't have which make investors interested in other banks other than their existing one.

[Mahanton]

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

Exchange market is already so saturated where there are lots of exchangers flying around and theres no need for another one but
well each country do have that kind of target on giving out trading opportunities or opening up crypto locally that's why we are seeing these numbers.

For Coinnest closure, then we don't know the reason behind but most likely this market isn't already profitable for them which in
results they cant able to retain theirselves to go further.

[starblocks]

There's always room for more exchanges provided they offer cheaper fees, increased incentives, and better quality customer service to their users, but the market is already saturated and it's not easy for smaller exchanges to grow their customer base substantially enough to compete with the larger more established ones so make sure you don't invest in any new startups that aren't going to be a viable long term proposition

[burky156]

There are already too many cryptocurrency exchanges out there and i really can't understand why still people would open new exchanges.. As far as i know we have more than 3000 exchange altcoins and more than 700 exchange. Isn't that too much? I believe that there will be more exchange will close if we go in this way. This is bad for the coins and very bad for the traders i think..

[maculeth]

actually not really, a global exchange that can be used by all countries is also good. maybe it was considered to be less effective because when many transactions occur, pending will occur, so many make new exchangers to reduce it. either a little or a lot, just as good.

[akungagal]

There are already too many cryptocurrency exchanges out there and i really can't understand why still people would open new exchanges.. As far as i know we have more than 3000 exchange altcoins and more than 700 exchange. Isn't that too much? I believe that there will be more exchange will close if we go in this way. This is bad for the coins and very bad for the traders i think..

that's right, the current exchange is too much. i think at this time we don't need more new exchanges.

if there are more exchanges, it will be increasingly difficult for some new or old exchanges to survive and of course as you say there will be more closure events like this in the future and of course will have a negative impact on some of the coins that have been registered in their exchanges .

[angrybird3591]

Now there are many new exchanges. leading to embarrassment of investors. now small exchanges are very difficult to develop as big exchanges are strong and growing in this area of electronic money

[adterna]

Most Exchange that is closed may be because they are quiet about the traders who usually trade in their markets, while the costs for organizing are very high, the costs to be obtained to meet market needs are not balanced with traders trading in the market

[emberbekas]

More exchanges will make the competition tighter and of course some of them will be eliminated through natural selection. In my opinion, more exchanges will be better because we will have many option to pick, but only a few of them will last long.

[ridha inoue]

In my opinion there are many new projects that carry the idea of ​​making their own exchanges.
now there may be thousands of exchanges that already exist but the problem is whether altcoin and the main coins will be enough for thousands of exchanges the answer is no.
too much to exchange with altcoins at the moment which makes it unstable like every spinning altcoin.
we need more token to list on exchange.

[bitcon]

Exchange closing down is not a big deal, currently there are new exchange doing very well, I will say in this crypto space, only good exchange are needed, let all hunters and traders research well before saving token on exchange site.

There is a great number of exchanges, and I do not think that it will be very difficult to find several good ones (at least, for you). Just spend some time reading reviews about them, and then, take a decision.

[zeze18]

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

We don't need it, but people are compete each other to make the best exchange in this world.
Just like any other business, the costumers don't need new store, but the store owner are making the cheapest, fastest, and best services

[zarintasnim]

So many exchange are all ready in the industry. And everyday lot of new exchange are coming. We need more safety and easy use to exchange. That can help us involve on trading. 

[dizzy1996]

Unfortunately, this happens and those who did not have time to withdraw funds from the exchange loses them. Cryptoindustry is not in the best position, but the market is full of promising projects that I advise you to pay attention to.

[Lanatsa]

Cryptocurrency exchange Coinnest, once South Korea’s third largest exchange, is closing down.
you can read more here : https://www.coindesk.com/south-korean-crypto-exchange-coinnest-announces-closure

but, at this moment i see a lot of crypto exchange project born in this industry
my questions is, does we still need more exchange in this industry ?
thank you

We don't need it, but people are compete each other to make the best exchange in this world.
Just like any other business, the costumers don't need new store, but the store owner are making the cheapest, fastest, and best services

For the sake of competition,we would really able to see new exchangers would pop out and come to think that this is a good business once you hit it up.
Good profitability for its owner if you able to get some volume but all will depend on how you do introduce your exchange/service.Sometimes it do really
mix up some luck when it comes to success,it would either you would boom or you would flop.

[graffix]

Actually, we don't need many more. in the other hand, it will not stop new exchanges coming into the industry. the same as our everyday world. as an example, there are too many shops in the world. and they keep coming. But we don't use all of them. We use a few of them which suitable for us. exchanges also like that. their main purpose made money from it. but we also use only suitable exchanges for us.