Sorry We are Closed

[livingfree]

IMHO, we need more of them so that competition is everywhere and it will make the market healthier. And it would be a challenge to the existing exchanges to keep improving themselves and will determine on what shall the customers really need. I didn't used coinnest but if its the third largest crypto exchange on South Korea then it must be big. To the users of it, withdraw your funds quickly as you are aware of the closure before the said date of closing.

[Prompyboo]

Of course, people have already understood everything for a long time that there is no point in creating new exchanges. people just need to improve existing exchanges

[10BTCaDay]

Oh yes. Now the exchanges really have a very bad time. Even very large exchanges are closing now. the market is not very unpredictable time

[cryptolidus]

The number of exchanges depends on the overall market situation and the total trading volume. There is no sense
having thousands of exchanges with the current market cap and fake volumes on exchanges and no liquidity.
The market will decide which ones will survive.

[Ayiranorea]

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

As the widening of the cryptocurrency network continues there is need for more and more cryptocurrency exchanges. The same is getting fulfilled by more exchanges that are being developed with varied features. One in ten succeeds reaching the good number of users, because it is a big industry where one cannot stand high without potential investors.

[tisoysoy]

For me too many exchanges are make investors confused its better have enough limits of exchanges. All they need are to make their exchanges easy to used and more security, so that many investors will get satisfied rather than keep adding more exchanges thats worth nothing, bothering instead.

[rdewilde]

In my own opinion, what we really need is an efficient exchange which will be secured, easy to use and easily accessible. If we have more of these exchanges the rate at which exchanges are coming up will be reduced as investors will already know which exchange is safe etc. So to your question, we don't really need more let the existing ones get enhanced.

[lousie9]

With the decline in volume occurring in the market, of course it will have a big impact, especially if we see what happens to internal companies that already have problems that will be difficult to survive.
This is a business where competition will definitely be huge, especially for exchanges, of course there will always be new innovations and of course there will be a lot of replacements, of course that is something we don't need to worry about when closing exchanges because there are many better exchanges and large volume.

[Marksmanio]

New ideas are always welcomed in crypto currency so if any new exchange bring new idea of trading, in my point of view i think we need to welcome them.

[LogitechMouse]

There are already too many exchanges. Do we need to add more exchanges just because there are many new coins that are being created?? There are many exchanges there that doesn't have volume that they need to falsify the trading volume. Some maybe want many exchanges but how many exchanges are you using in trading?? 1 or 2? Maybe 3. We don't need many exchanges. What we need is a secure, trustworthy and user friendly exchange.

[kateycoin]

-snip-
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 already have too many exchanges, too much until the trading volume is falsified, we only need to set up exchanges that are truly safe and comfortable. No need to multiply with same facilities.

That's true because many exchanges right now is like very flood. If that exchange close its alright because there some exchange that we can use that we can trust to trade. I'm a little bit scared that because many exchanges may cause also of some scam because we all know that some exchanges are not good to trade. Much better to choose that truly trusted and convinient to use.

[XbladedThanos]

Yeah we need trusted exchanges like Binance Am sure if these kind of exchanges keep coming up we will deal with less for sure Also I think DEX seems really big enough The truth is We need Exchanges that looks into the needs of its users and innovate accordingly

[Cuk0ng_bitc0in]

I think, it doesn't matter. Korea still has a growing exchange like Upbit. Upbit today is making expansion to several countries like Indonesia. Besides that. out there there are still a lot of better exchanges that we can use such as Binance, HitBTC, KuCoin Bittrex, ethfinex and others.

[manismanja]

Yeah we need trusted exchanges like Binance Am sure if these kind of exchanges keep coming up we will deal with less for sure Also I think DEX seems really big enough The truth is We need Exchanges that looks into the needs of its users and innovate accordingly

so we choose according to our own integrity so sometimes our choices with others are different.
of course we choose one that is easy to use and safe to use so that the choice fits the tastes of each person and hopefully you don't choose the wrong one.

[irixo10]

Seriously, I don't think we do instead we need more efficient exchanges. Let the existing ones improve on their services, this is the only way to attract more users while contributing to the growth of the crypto space. Most new exchanges if not all, have nothing new to offer.

[SistaFista]

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

I have read the article, seems like they were doing a mistake in the past.
They were mistaken sending bitcoin and other cryptocurrencies to their customer due the computer error, and lost it.
I guess they cannot cover the loss with only small trading volume in their exchange.

[Ayobami99]

In my opinion, the crypto space needs more innovative ideas in the areas of exchanges now more than ever. So, there is still space for more exchanges. Exchanges will close down and more will open. That is how things work

[nreal]

We do not need more exchanges, but we need better exchanges. Not all new exchanges are good but maybe one of them will become the second Binance

[Runbitup]

Of course, people have already understood everything for a long time that there is no point in creating new exchanges. people just need to improve existing exchanges

but in fact business competition cannot stop because many people have their own ideas.
sometimes there are many people who are not satisfied with what is there and try to make their own products and in my opinion it is not too bad as long as they have to pass the clarification in making the product beforehand.

[Sacramentus]

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

so your problems is that even as some exchanges shut down, many more exchanges come in place? So my question to you is, does it mean we don't need replacement of the dead exchanges?  Or we should just depend on one or few exchanges that will manipulate the whole system?