How many crypto exchanges are really required?

[Ezravdb]

In my opinion, if you are a trader, why you generate an account on hundreds of exchange. Mainly, you only exchange coins that have a 100 top rank in CMC. You should only to register an account on ten large exchanges, and that's too much. Of course, you should be ready to have an account on many exchanges if you a bounty participant. Because bounty tokens are usually listed on an exchange that is sound strange to our ears.

[ariyzt]

more exchange for me is good for our cryptocurrency. The circulation of coin/token on exchange won't centered on 1 exchange only, that mean we can avoid a dump or manipulation of any single exchange.

[trauchot]

Of course, it would be nice if there weren’t so many cryptocurrency exchanges, because you really need to register on so many cryptocurrency exchanges in order to sell or buy some tokens that interest you, also if there were only a few cryptocurrency exchanges, then the volume of trade would be very huge on these exchanges and that would be good for us, and unfortunately there are a lot of cryptocurrency exchanges where is zero trading volume and cryptocurrency trading indicators are fake.

[HatakeKakashi]

Many exchanges is really nice because it means that cryptocurrency are become popular so many people create exchanges.
The good with is also we can choose best exchanges for us like Binance the no. 1 exchange now but Im still trading in different exchanges because better to use several exchanges not just only 1 need to use atleast minimum of 3 exchanges.

[coin-investor]

Many exchanges is really nice because it means that cryptocurrency are become popular so many people create exchanges.
The good with is also we can choose best exchanges for us like Binance the no. 1 exchange now but Im still trading in different exchanges because better to use several exchanges not just only 1 need to use atleast minimum of 3 exchanges.

It's really good for the market last year we have seen so many exchanged based ICO many of them reached their soft cap, in the coming years we will see a high level of competition between these exchanges, it's a multi-million dollar industry they know it, they will be completing with how good their securities are, features that they can offer to their members, let's see if any of these new exchanges can challenge Binance.

[llecrf]

I think that having lots of exchanges will make a lot of competition with lower fees, but there will be lots of crypto exchanges that I need, when altcoin is registered on a new exchange, I can't stand still and will create a new account and start trading on a new exchange.
if you choose to exchange only to fiat crypto, it only requires 2 exchanges, when trading on registered coins and win popular altcoins like BTC with Fiat

[michellee]

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

I think we don't need to register on many exchanges, especially in the new exchange because we don't know how good that exchange to serve their members. All we need is to register on the recommended exchange, which can help us to gain the benefits from trading, and we only need to make a profit. If we are registered in many exchanges, but we cannot make any profit then it's no use, and it's better to stick to one or two or three exchanges, and we are focus to our trading.

Maybe other people think that if they can register on many exchanges and they have each token from each project, they can make a profit, then they can do that. We cannot prohibit them from doing that because they will do what they want. We could only suggest them to be careful in the new exchange which we don't know its reputations.

[Ucy]

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

You could use a password manager to manage your accounts on the exchanges. We can't stop people from creating new cryptocurrency exchanges to satisfy our dislike for too many exchanges. You should be careful with new exchanges though. Most could be scam

[Davian144]

In my opinion, if you are a trader, why you generate an account on hundreds of exchange. Mainly, you only exchange coins that have a 100 top rank in CMC. You should only to register an account on ten large exchanges, and that's too much. Of course, you should be ready to have an account on many exchanges if you a bounty participant. Because bounty tokens are usually listed on an exchange that is sound strange to our ears.

Usually the daily traders register the most exchange accounts, because they need analysis from all exchanges, making it an opportunity to make a profit, and clearly different from bounty hunters who only use exchanges to sell coins obtained from the bounty program, after that they no longer use it.

[MonsterV]

the project exchanger is the most profitable project, even for the founder of the project, because it is a definite advantage as long as they run it well. for now, there are many exchanger projects who want to compete, or beat the current popular position of exchangers. in addition, there are also some old exchangers who do not survive the harsh competition. such projects will always be there by offering their latest innovations, and exchanger who cannot survive, will stop and be replaced with new exchangers. therefore, there will always be a project exchanger.

Innovation? I don't see new innovations in these new exchanges, they are mostly same as previous exchanges. In fact, I suspect that these new exchanges will be seeds of scammers in future, where they will use IEO to scammed investors.

It's not that I disagree with this new exchange, but just look at too many of same useless exchanges. I myself support new exchanges but at least they have a good reputation from several big partners, usually exchanges like this will have pretty good support in future.

[adzino]

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

If you look at those different exchanges you will see that each of them differ in functionality and usability. Now different users have different needs when using an exchange. Again there are thousands of crypto users out there. A single or few exchanges can never fulfill the need of the expanding user base. So we actually do need a good  number of exchanges. Shit exchanges will eventually be abandoned.  You don't have to worry about that.

[wedosgibas]

Yes, same as your words. But there is no prohibition on creating a new exchange platform, they are free to innovate, the rest is how they hook the community. Competition is a good thing, but we must remain vigilant.

[tranduong123]

For a normal trader, trading on several exchanges is not necessary enough to have an account on too many exchanges. I personally think that there are still many new exchanges because the crypto market is still in its infancy and there are many possibilities for expansion, but Nhung is sure that most of the exchanges will not last long.

[baigreen]

Everyone wants to make money in this market. As a hunter, I see that most of the projects are related to the release of new exchanges. In my opinion, so many projects are not needed. They create not only unnecessary fuss, but many newcomers fall into deceivers. I will say so that today I am not good at new exchanges. There are almost no trades on them only bots.

[leetcoiner]

Everyone wants to make money in this market. As a hunter, I see that most of the projects are related to the release of new exchanges. In my opinion, so many projects are not needed. They create not only unnecessary fuss, but many newcomers fall into deceivers. I will say so that today I am not good at new exchanges. There are almost no trades on them only bots.

I basically do not participate in projects where there are exchangers or trading platforms. My experience has shown that this is not profitable, I have not earned anything on promotion.

[Bagani]

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

Its because of the hype of exchanges token thats why so many entrepreneurs out there wants to create their own exchange token. And the trading fees and listing fees earned by an exchange is so huge. But as far as I can see, the new exchanges have no real volume and they only do wash-trading in order to get some traders.

[aristecounos]

Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
  

More than exchange needs KYC..
It posibble that will be scam..

An  exchange the name of https://escrow.counos.com/
 will start the work soon that they can solve all of problems

[Xanxus024]

For me as long as people want to use any exchange I think it's not really an issue because most the exchange now are use their native tokens purposely to attract investors and traders because once the exchange is much cheaper in terms of the fee I think it will click to the people but it depends on the marketing strategies of the exchange but most of the time we always look to the volumes but some exchange has a market maker so it can create a fake volume.

[ned.ryerson]

For me as long as people want to use any exchange I think it's not really an issue because most the exchange now are use their native tokens purposely to attract investors and traders because once the exchange is much cheaper in terms of the fee I think it will click to the people but it depends on the marketing strategies of the exchange but most of the time we always look to the volumes but some exchange has a market maker so it can create a fake volume.

Now the biggest problem of exchanges that we know is overstating and providing incorrect data in order to attract as many people as possible to their exchange. I don't know exchanges which can be trusted because they are all pursuing their interests

[TIDOVEE]

I want to believe that, no new exchange will just begin without passing through some essential scrutiny by the boards of exchange manger. We may need more exchange to allow improvement in the available one, because in the process of creating more exchanges the competition makes other know that their is rival and alternative.it could also help the economy.