How many crypto exchanges are really required?

[shushu9977]

We create many crypto exchanges because there are many crypto-currencies. Though it is very complicated to create many exchanges, but we need to create because of trading our token. Few exchanges which are very secure and well-known such as- kucoin, binance, hitbtc, kraken, houbi, whitebit etc.

[steveabrahams]

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.
  

It's because exchanges project has a high chance to success and fast to develop. Once the exchanges open and run, you can see the progress directly. Also exchange project is a huge prospect and good profit too. I still remember Kucoin, only took some months-1 year and kucoin is big right now.

[nutriagrigia]

We create many crypto exchanges because there are many crypto-currencies. Though it is very complicated to create many exchanges, but we need to create because of trading our token. Few exchanges which are very secure and well-known such as- kucoin, binance, hitbtc, kraken, houbi, whitebit etc.

from all exchanges, I see only Kraken having promising development because this exchange has never been hacked and its policy is very long-term

[comchien]

Many exchanges are necessary for exchanges to reduce price manipulation, but many exchanges must have the fact that they have good liquidity, are trusted by many investors, restricting spam exchanges and have no high liquidity.

[Impaler]

We already have more than enough exchange. But its a business everyone want to enter. And exchengew made a good amount of profit . and in other prospective most of the big exchanges have big amount of listing fees. So its not possible for every project to reach there.

[r_delossa]

Not so much in general, but such a big amount is good for arbitrage opportunities. Anyway for trading and holding purposes, 4-5 exchanges are the best choice, because a bigger variety can cause big problems.

[Yamifoud]

Not so much in general, but such a big amount is good for arbitrage opportunities. Anyway for trading and holding purposes, 4-5 exchanges are the best choice, because a bigger variety can cause big problems.

We are most likely to move into a higher level of competition, only we could see it because of the numbers of exchanges existing nowadays.
I know it is limitless, but what people's are looking for is to have funds safeguard which many of them couldn't provide it. That is why many of them are dead already and only those reputed one will only survive from a stiff competition

[Emperor of Man]

Well, in a bear market like the one we observe right now, maybe a new exchange isn't needed, but the old crypto people remember the old days, when the number of top crypto exchanges and even the capacity of different blockchains were not enough to cover the huge wave of new customers and members. I remember very well how top crypto exchanges closed their sign up for a while because their performance severely degraded by the number of visits.

If those days ever come back, having more and more exchanges ain't gonna hurt. 

[Vinalians]

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.
  

This is just my opinion okay, for me we don't need any cryptocurrency trading platform anymore. There are too much of it right now and having another is just a problem for a new trader. One big exchanger is better if it can happen why not right. For sure there will be so many token in the crypto field would rise up the value. Just think about having one exchanger. Scam exchanges will also be avoided.

[hashman]

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.
  

diversity is good for reducing your risk at your investments. It is also same in terms of exchanges. With more exchanges you can divide your budget and so distribute your risk.
It does not mean deposit your money to shit exchanges, without any volume, without real address. There are many scam projects at crypto and also there are many scam exchanges at crypto.
Also do not trust the volume of known exchanges. Most of them using wash trade. There was a report previous week, wash trade of Huobi was around more than 60% and Okex was 90%.
And Okex CEO announced that they can show that they have more than 10% real volume 😊
For diversity I think 4 exchanges is OK.
Binance, bitfinex, coinbase and you can use the 4th one 😊

[Cult]

my opinion is the following, if crypto will develop at the same pace as the last decade, then there should be many exchanges and exchanges, look at fiat money — how many banks exist in the world?

[Arsenyo]

Such a great number of exchanges irritates me actually. There was a time when every second project and bounty I participated was about creating their own new exchange. And of course majority of them completely failed. Enough.

[Neo.op]

I am using only 2 of them. But there should be about 50, maybe 100 in order to provide the best quality and support to people. We are all from different countries and some exchanges are easier for asians, indians, americans etc. The only think I would recomment is just close all the exchanges faking volumes. People can not buy or sell there because of bots.

[prehisto]

It definitley not needed, new exchnages are much cheaper to list in this is why new projects chose them. But we know the drawbacks of this situation, the tokens on low liquidity exchnages are trashed and very fast lose their value, often to 99%. I am amazed how many new exchnages are getting made in this market.

[TheUltraElite]

It definitley not needed, new exchnages are much cheaper to list in this is why new projects chose them. But we know the drawbacks of this situation, the tokens on low liquidity exchnages are trashed and very fast lose their value, often to 99%. I am amazed how many new exchnages are getting made in this market.

Dont be amazed, its normal. We have a good supply demand ratio here. There are projects, or so shit-projects that want to list their token because of public demands and so their go for the least viable option using the least possible fees because they want their token to get some publicicty before they run away with their shares sold off - right?

Again there are bounty hunters who are brain dead shills ready to dump their "million dollar" value tokens = pure shit. So they sign up and load their wallets there. End of the day the selling pressure is so huge that nobody buys the coins and the bounty hunters keep on crying while the advisors and devs quietly sell of their coins to other sources and exit the scene.

This cycle continues with every new shitcoin and the idiots never learn their lesson.

[desticy]

Definitely, there should be several crypto exchanges for healthy competition, but there should also not be too many, because in this case only the top exchanges will function normally,
and the average range of exchanges will probably have liquidity problems (I think you all encountered manual transaction processing - this means the exchange has a liquidity problem).

[kannikaamudee]

There are many cryptocurrency exchanges out there, but not all them are trustworthy. I've currently using Binace, huobi , Okex and Kucoin

[bitcoworld]

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.
 

Hello,

IMO we just need 1-2 Exchanges out there but since Crypto is completely new and pretty much unregulated everywhere we have daily new Exchanges on the Market. Everybody who can hire Dev. can make an Exchange nowadays. It would be good if something changes as this is are the perfect conditions for scammers. They have no problems to get listed their scam as we have tons of exchanges. I use just 3 Echanges which is pretty enough and 1 of those 3 is my main exchange where I trade daily. I would never sign up on a new exchange that is too dangerous IMO.

[Kelvinid]

I know it was confusing why there are a lot of crypto exchanges created nowadays. Though it is good since we have a lot of options, what it makes difficult is that some of them never show its capability but rather to see them dying up. It is quite to see how the competition getting stronger and stronger every day making them out and only those old and big market players will surely standstill.  

[Dr.Osh]

Definitely, there should be several crypto exchanges for healthy competition, but there should also not be too many, because in this case only the top exchanges will function normally,
and the average range of exchanges will probably have liquidity problems (I think you all encountered manual transaction processing - this means the exchange has a liquidity problem).

The most common thing why there are more projects about exchangers than other concepts is because projects with the concept of exchangers are the most profitable concepts. although there are so many exchanges, but not all can survive. we know how many exchangers have been closed until now, even including the popular exchanger.

however, projects with the exchanger concept will continue to emerge to defeat the exchanger that already exists today. they make a concept with excellence that does not exist in other exchangers.