Sorry We are Closed

[thaliaand]

I think more exchanges are better. We know that cryptocurrency and blockchain tech is still in emerging state. Existing and new exchanges should be welcomed as a competition to develop the better exchange to serve the community globally. There must a reason why an exchange is closed as well as some exchanges that may have fake volume in it. But that's  the reason users should be aware, doing research and choose which exchange to trade.

[Leonardo7]

I think the number of exchanges we have are very many for the current market capitalization. And many more are yet springing up, although competition brings out the best in business satisfaction. We currently need more than just an exchange but something like a combination of a crypto exchange and a normal bank. A project like Bankera has such a model, I can't even tell how bankera is fairing as I have lost much more in the project with buying their ICO and investing more after listing.

[ginobitcoiner]

in fact we don't need them more if they are not qualified, I'm sure even though many new exchangers have sprung up but those who have good quality will continue to survive and attract many traders.

[bering]

I will tell the situations on my country when only one or two big exchange dominate the market even we don't have other options to convert our crypto assets directly to our currency because other exchange which mostly small exchange cannot to competed with them and the fees for every trade or every withdraw always be my concern during use them because for me it was pretty high and after seeing this factor i personally think we're really need more exchange

[crzybilly]

Unfortunately it is not the first and not the last big exchange that is losing trading volumes and users in general. Everybody is switching to trade on Binance and they are getting more and more powerful each day.

[Pffrt]

I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

[StephenJH]

I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

Centralized exchanges are common in the crypto industry and we need more Decentralized exchanges than regular exchanges. Closing the exchange is better than swimming on the deep ocean in my opinion.

[Kez1817]

Closing of some exchange will be good in crypto market. Actually cryptomarket already flooded with a lot of different exchanges but doesn't help to increase the value of some tokens. We need more good decentralize exchange that will boast the value and significance of crypto currency.

[tsaroz]

Though more exchange is not a bad thing for long run. But in it's early stage, it would be difficult for users to choose the legit exchanges as many of the new exchanges are turning into scam. And it would be even more difficult for legit exchanges to get good volume as users would stick to popular exchanges and don't try anything new if they have no time to check on new exchanges.

[rarkenin]

Many exchanges are good sign for the development and closng the small exhcanges is understandable by me. Legit exchanges are continuing the trade and small ones are victims of a blood bath on the markets which is the biggest reason for low volumes on trades.

[Baimovic]

I think there's more than enough exchanges in this space. We don't need more. We need to develop the decentralized exchange, nothing else.

Centralized exchanges are common in the crypto industry and we need more Decentralized exchanges than regular exchanges. Closing the exchange is better than swimming on the deep ocean in my opinion.

Because the current exchange isn't perfect and still has some weaknesses so we need some new ones that are better now.
But that does not mean if the current exchange is bad, only if there are many good exchanges, we will be more flexible in making transactions.

[Skyshark]

That is a timely notice to all they user but the exchange did not state the reasons for the closer of the exchange.

I believe that the closure has something to do with certain series of events that the exchange experienced sometime ago. Last April, exchange's co-founder, Kim Il-hwan was convicted and sentenced to jail on embezzlement charges. Executives from the company faced bribery charges last September over the “unfair” listing of the S Coin digital currency. And not to forget that just this January the exchange lost around $5.3 million in a mistaken airdrop. In addition to this unpleasant events was of course the softening of crypto market.
This kind of circumstances were not that easy to handle and eventually have taken its toll to Coinnest exchange.

[Danslip]

Definitely, there is no need for more centralized exchanges. DEXs are more required than centralized or half-centralized exchanges. Closing the unknown exchanges has no effect to the crypto markets in my humble opinion.

[Ochakemaput]

Because the current exchange isn't perfect and still has some weaknesses so we need some new ones that are better now.
But that does not mean if the current exchange is bad, only if there are many good exchanges, we will be more flexible in making transactions.

they will continue to update and close their shortcomings. where renewal must be carried out by every exchange, if not then they will be replaced by other exchanges. which might be safer, cheaper, and faster.

[sujonali1819]

~snip
my questions is, does we still need more exchange in this industry ?

It is right that we have already much exchange for trading. Although we have more and we need also more trusted and High volume exchange like Binance ,bittrex . I am saying we need more exchange because the more exchange we get the more product we can see by that exchange. And the more product will launch the more problem will be solved in the crypto world.

Anyway, we should also be aware of the new exchanges. Always try to investigate before using any new exchange because the crypto world is now full of scams. Mainly we should aware of all new things in crypto.

[Serve20]

As for me, I don't think we need more exchanges again because there are a lot of them already and many are still struggle to survive. The market is saturated already and before any new exchange can be reckon with, they will have to bring something spectacular to the table with better marketing and incentives.

[danielchris]

No doubt there are many different types of exchanges in the market. But we should be aware & used the popular exchange & also studied the back history to know about the performance of exchanges. I think so. A

[Argoo]

I don't know how good they were, but I know the name. Quite shame..
I think that a good number of exchanges in more than necessary. Small number of exchanges means bigger centralization, means a bigger risk for manipulation...

Right. A small number of exchanges means their greater centralization. Therefore, the more exchange we have, the more difficult it will be for states to track us. Therefore, I believe that we need the more exchangers. Some of them will be closed all the time for various objective and subjective reasons. The more there will be in the world of exchangers, the more competition will be among them and the better conditions we will have as their customers.

[Mila52]

Competition in the exchange market is good for traders. Therefore, I'm only pleased the opportunity to choose service, speed, safety and commission fees. are improving. . Who doesn't like the new exchanges - there are many old conjunctural exchange

[Terrmit]

Competition in the exchange market is good for traders. Therefore, I'm only pleased the opportunity to choose service, speed, safety and commission fees. are improving. . Who doesn't like the new exchanges - there are many old conjunctural exchange

Well, yes, new exchanges are in their hands. Firstly, there are preferential withdrawal systems. All sorts of bonuses and contests to attract traders. Yes, and the exchange every year are getting better.