How many crypto exchanges are really required?

[terrific]

It will grow tremendously because new coins never stops coming in to the market.
Developers will always consider the need of a new exchange and needs to stop the reign of the old exchanges.
But I want to stay with the trusted and proven exchanges.

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[htsy585]

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.
  

A large part of the cryptocurrency sphere is not regulated and so people launch as many as possible to enrich themselves and in cases where they need an operational licence, they can get it from Malta or Estonia but I am certain that without SEC licence or approval, they can't operate in the US. Sec is the reason why Bittrex and Binance stopped exchange services for US Citizens to float a detached more complaint exchange to serve the US market

[funchiestz]

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.

We have already over 500 (maybe much more...) exchanges in market. I don't think we need new ones. I think we need just good ones. More quality, more volume, more gain...

[Cheesus]

The crypto market is getting bigger every day, so, to maintain a balanced ecosystem, we need hundreds of good exchange. But we have thousands of shit exchange, and the crypto market has lack if even 50 real volume exchanges, which is a sad part. I think we need more exchange with real volume and we need to move out exchanges like Latoken, Idax, Exmarkets, P2PB2B, and so many fake volume exchanges.

[Cryptrx]

Not too many exchanges is required, five is enough but daily we keep seeing new exchanges erupt without liquidity projects being listed on these exchanges have their prices always low because of lack of liquidity.

[TheUltraElite]

The crypto market is getting bigger every day, so, to maintain a balanced ecosystem, we need hundreds of good exchange.

More the number of exchanges, more is the the number of problems associated with people using them. Because the market is not regulated we dont have single exchanges for all types of crypto exchange but many. Some prey on the shitcoins that people promote to get paid while others prey on margin trading promoting shills on youtube and other shady stuff.

But we have thousands of shit exchange, and the crypto market has lack if even 50 real volume exchanges, which is a sad part. I think we need more exchange with real volume and we need to move out exchanges like Latoken, Idax, Exmarkets, P2PB2B, and so many fake volume exchanges.

Stop hunting bounties and these exchanges would shut down on their own. They run simply because every new token that get released needs to be listed and the team owners look for the cheapest exchange with the lowest listing fee they can locate. Who likes to pay more than 10BTC to get listed on Binance - go for yoshit! Sad reality.

[xenomorphe1]

Exchanges are needed to not give the monopole to only a few exchanges. But how many do exchanges do we need? I don't really know.
If thoses exchanges are not needed, they are going to disappear by themselves. Time will tell us which exchanges are going to survive or not.

[10c]

Exchanges are needed to not give the monopole to only a few exchanges. But how many do exchanges do we need? I don't really know.
If thoses exchanges are not needed, they are going to disappear by themselves. Time will tell us which exchanges are going to survive or not.

I think we need a maximum of 4-5 exchanges in the future. now all exchanges are being finalized with technology and therefore it cannot be said which exchange will be unique

[LbtalkL]

I guess we don't need a new exchange we have a lot of exchanges that exist now. These new team creating some exchange they just wanted easy money.
For me, the top 10 exchanges are enough. But be smart only try and use trusted exchanges like everybody like is binance. There is some news about hacks about them but they got it covered immediately.

[timmmers]

More exchanges we have, better service we receive and people will decide which they will use.
If we do not have enough exchanges, so we would have expensive fees, slow withdrawals and so on.

[Bitze]

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.
  

how many are necessary?
if there would be a decentralized exchange that offers all pairings and maybe even has a fiat gateway, that would be sufficient.
but since there is no such thing and an exchange is a good business, there are more and more providers instead of fewer.

[Bezobraznike]

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.
 

how many are necessary?
if there would be a decentralized exchange that offers all pairings and maybe even has a fiat gateway, that would be sufficient.
but since there is no such thing and an exchange is a good business, there are more and more providers instead of fewer.

   We will never see such exchange with all coins/ tokens listed. Like you I believe there will be more and more exchanges, as we
have more coins and tokens.
   Is there some list of all crypto-exchanges? I would like to know how many crypto-exchanges we have, how many are centralized
and how many decentralized? And with other info about exchanges?

[LollypopToken]

more exchanges in turn mean more decentralization, i believe its actually a good thing but a trader needs to be careful of storing funds on new exchanges as they might turn out to be scam.

[lolgato1]

Creating own cryptocurrency exchange is a highly profitable business, this is the reason why we see boom in the growing number of cypto exchanges.

[nutriagrigia]

Creating own cryptocurrency exchange is a highly profitable business, this is the reason why we see boom in the growing number of cypto exchanges.

how it can now be a profitable business if most exchanges are now suffering from such a weak market. there are practically no trades on most exchanges and the whole market was captured by giants

[fortunecrypto]

It's possible that in the future every country will have their own exchange, exchange is a huge business and every company wants a slice of the market, for me it's not tright that 10 excahanges will control the whole market, the more exchanges the more volume and they are going to satisfy investors to meet their standard.

[Jocuserious]

Generally i use 4 exchange at this time for holding, and trading cryptocurrency here (binance kucoin hitbtc and gate) more secority platform. But gate is different 2nd FA verification system that's means good secority but my mind always want follow binance with new IEO.

[bgaf]

It's not that we dont need many. But there should be a systematic approach on many exchanges. Should have a regulation that permits exchange to operate and gain some necessary license for them to operate so people can trade there without any fear of being scam or nervous that their fund will be gone due to unknown market platform runaway, or steal the funds of the traders.

[xSkylarx]

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.

There is no limit how many exchanges account you want. The problem is securing them all properly to avoid hacking. Imagine having 10 or even more accounts, each one of them you will need to activate their 2fa and keep their private keys in a safe place. Another factor is most of the new exchanges nowadays requires kyc first to withdraw. I am not willing to give my private info to a newly open website. You don't know if they are gonna sell it in the black market or not.

[duchiep37]

not much, only some crypto exchange is good, like binance, huobi, bittrex