How many crypto exchanges are really required?

[10c]

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.  

in the future, not the old players will remain, but those exchanges which will be able to implement their plans. if they are really useful for users and do not think only about their own benefit

[desticy]

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.  

in the future, not the old players will remain, but those exchanges which will be able to implement their plans. if they are really useful for users and do not think only about their own benefit

Exchange plans - profit. Not the exchanges that will earn the most profit will survive in the future, but those that will continue to provide their customers with maximum opportunities in the crypto market.
This is the key to the success of the exchange and its continued existence. Look at the success of Bitmex, the exchange provides a huge number of trading opportunities, including marginal ones.
Everyone decides to use it or not, but the main thing is that there are many opportunities. All major exchanges strive to develop in this direction.

[Dalmar]

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.  

in the future, not the old players will remain, but those exchanges which will be able to implement their plans. if they are really useful for users and do not think only about their own benefit

The more crypto exchanges give an opportunity to the crypto traders to choosing the best ones thanks to the choice of freedom. The profit-seekers are not going to develop their exchange but the well-known exchanges will start to develop their attitude towards the crypto ecosystem. The profit will come later right after the traders will discuss their experience on social media.

[gaston castano]

it depends on the market where the tokens / coins you buy will be listed, except if only a few exchanges of course it will be easy and we also know that there are lots of exchanges and it cannot be dammed.
but yes not all exchanges are in great demand from those who fail, or are already open but must close due to lack of funds.
so the DEVs definitely want the coins to be released in a good market.

[andika2018]

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.
  

New exchangers continue to emerge due to the large number of tokens that are not accommodated in established exchangers. The amount of listing fees in large exchangers provides an opportunity for new exchangers to appear with smaller listing fees and I think it's only natural. New exchangers will continue to emerge as long as new projects continue to emerge because requests for listings will continue

[o48o]

I don't even understand what the op means by "Required"...By whom? I don't see any harm even if there were thousands of exchanges. It doesn't mean you have to use them. If there's market for so them, why not create so many, the ones that people are not using will die out eventually. I am using only 5 exchanges for different things and occasionally one random exchange if the coin i am looking for is only in there. More exchanges just creates competition and the competition make better exchanges.

[mrdeposit]

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 the exchange is not a scam, how will it affect us badly? On the contrary, it means more choices when we find that we want more exchange. So, it becomes easier to find an appropriate exchange that you can trade. You no longer depend on the exchange, but exchanges make all sorts of competitions to get you. Also, this place is for those who are strong, if the new is already stronger than the old, the old will gradually be destroyed.

[minersday]

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.
  

So far as exchange platforms serve as the crypto version of banks and making it possible for people to easily buy and own cryptocurrencies, I do not have any problem regarding the number of exchange platforms being created. But the only problem I  have with new exchange platforms is them creating their own crypto coins. To me, it is not relevant for an exchange platform to create its own coin. Most of these coins are just worthless coins flooding the crypto market with no specific aims that will have an impact on the crypto space.

[TheUltraElite]

No more than two. Binance and one that you use for exchange for fiat

There are a lot of older exchanges which are trusted and even if they have forced KYC on many users still they have a large userbase. What you say is strange because since more than one of them already exist, how can you stop them from existing? People have been using Poloniex, Bitfinex Kraken and also P2P exchanges. Whether Binance itself is trying to get a monopoly is questionable but that is not the topic of discussion here.

Maybe you are using two exchanges for your deals but not everyone is having the same circumstances as you are.

[djselery]

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 are talking about startups that offer the exchange as a product. Yes, you are right because we noticed lastly that so many ICOs and IEOs projects want to initiate new crypto exchanges with some "unique" features, according to them. So many developers want just to imitate Binance and DEX and they have the dream to reach their success.

[Herbet Fry]

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.

Lol, I remember that. I never joined those campaigns because it was always bullshit. An exchange is not an easy thing to deliver on. You need to many funds. There is already so much competition as well.

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 are talking about startups that offer the exchange as a product. Yes, you are right because we noticed lastly that so many ICOs and IEOs projects want to initiate new crypto exchanges with some "unique" features, according to them. So many developers want just to imitate Binance and DEX and they have the dream to reach their success.

Product or service, yes. Instead of just people dreaming followed by foolish investors with $$ in their eyes.

[huu78]

In my opinion, only 1 exchange is quite like binance, but a lot of developers who want to develop a market exchange project in order to compete.
Many features and innovative that are made in order to compete with other exchange. Indeed it makes it very complicated to keep assets on many exchange exchanges.
If I had many of his exchange is not a problem because only used to sell such a token and the asset is moved to major exchange like binance.

[iamsange]

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.

Lol, I remember that. I never joined those campaigns because it was always bullshit. An exchange is not an easy thing to deliver on. You need to many funds. There is already so much competition as well.

Some of ICO that created in my country did that, claimed to be good exchanges and then die left investor with their tokens. I think really need a lot of research and money to create exchange, maybe higher target for ICO so they have enough money to make it stable.

[Lanatsa]

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.

Lol, I remember that. I never joined those campaigns because it was always bullshit. An exchange is not an easy thing to deliver on. You need to many funds. There is already so much competition as well.

Some of ICO that created in my country did that, claimed to be good exchanges and then die left investor with their tokens. I think really need a lot of research and money to create exchange, maybe higher target for ICO so they have enough money to make it stable.

You have the wrong perception when it comes to this matter because it isn't really that necessary to have big accumulated amount of funds.
Success vary on the team itself if they would push through on making the platform stable and do its job into the public.The only wrong thing here
is that project owners aren't really that serious enough to that extent where they do only just target out on collecting their investors money and ran it off.

[slaman29]

You have the wrong perception when it comes to this matter because it isn't really that necessary to have big accumulated amount of funds.
Success vary on the team itself if they would push through on making the platform stable and do its job into the public.The only wrong thing here
is that project owners aren't really that serious enough to that extent where they do only just target out on collecting their investors money and ran it off.

Very few things in crypto actually relies on a lot of funds unless you intend to pay for results (that is, have a lot of paid marketing and PR options like paid ads, sponsored articles etc).

And this is why I don't trust in the least now people who needs funds to develop something. Satoshi didn't need funds, why should others? Right?

[smyslov]

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'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.

[TheUltraElite]

And this is why I don't trust in the least now people who needs funds to develop something. Satoshi didn't need funds, why should others? Right?

Some fellow "venture capitalists" would disagree with you. But we both know that they are nothing but newbie entrants with a 100$ in their pocket ready to gamble on every new startup that comes up. It makes them feel good and allow them to get that investment banker feel, you know?

Point is that people will keep on attempting to turn 10 into 1000 and doing so they will dig up new and new shitcoins to get their money multiplied at the expense of their investors. So when they need to get listed they need an exchange, and so new ones come up. You can relate this to a demand supply balance. But how many of them are going to last is another question.

[SamboNZ]

I'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.

I agree, it will also prevent a big manipulation of the markets and having many exchangez will force them to improve their services and platform. Having few exchangers around will make them comfortable and wont keep on improving.

[Fredomago]

I'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.

I agree, it will also prevent a big manipulation of the markets and having many exchanges will force them to improve their services and platform. Having few exchangers around will make them comfortable and wont keep on improving.

Having more competitions will bring something new to exchange owners to offer something that will be benefiting to the traders and investors.
With those new exchange that trying to gained reputations even offering much lesser fee or bonuses if they survived and get the trust from traders
it will force those big and existing exchanges to improve and to keep things favorable to their members/traders.

Aside from monopoly, competitions also bringing new sets of ideas for owners to create more features around their business.

[cryptoloverlife]

I'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.

I agree, it will also prevent a big manipulation of the markets and having many exchangez will force them to improve their services and platform. Having few exchangers around will make them comfortable and wont keep on improving.

More exchanges will always improve the standards of their services and cryptocurrency will get more exposure in the market. Less exchange will get less exposure and it is impossible to predict the volumes, in order to get more exposure for crypto we need competition for exchanges and this will help the exchanges to improve their standards.