Why make New Crypto Exchanges

[Chrystora123]

snip..

you are not wrong with your complaint, it is very real.  now exchange is a profitable business, just imagine if there are thousands of transactions created on your exchange then you are in big profit.  people who make new exchanges or who try new exchanges (buy/sell transactions) are those who are trying to make a "Profit".  In the future, we will see new exchanges continue appearing as well as people continue trying new exchanges, so don't be surprised by this phenomenon..

[1714651253]

1714651253

[1714651253]

1714651253

[Silberman]

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

I think it is the opposite, for people like us it doesn't really make a lot of sense to use one of those exchanges when we have several that have a good reputation and that have been in the market for very long time, however this is the same as we see in the market of icos, why do we need thousands of coins when many of them do the same thing? Because there is money to be made, it is that simple, and the same is true for exchanges, there is simply too much money over the table that even if only 1 out of 100 new exchanges succeeds it is still worth the effort for the one that succeeds.

[serjent05]

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange?

Establishing a crypto exchange is some kind of business and they wanted a piece of the profit generated in cryptocurrency markets.  And people use newly established cryptocurrency maybe to trade coins that is listed on that exchange and is not trading on the larger exchanges.  I think using a newly created exchange is not the same as switching since traders can use different exchanges simultaneously.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Well, you can just skip creating a new Crypto Exchange but you can never limit people of what they wanted to do.   You are entitled to your own opinion and so they are.  If ever you find people creating new exchanges, probably they saw something you didn't see.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

There is no wrong when it comes to personal opinion.  Just do what you think is best for you and let others do what is best for them.

[verita1]

The ecosystem of cryptocurrencies is growing, it is natural that new exchange platforms that want to participate in the market are being created. We just have to be careful and not fall for a scam. Everyone has the opportunity if the product they offer meets our needs and with due process.
The challenge is great for these new exchange platforms because we have reputable platforms such as Binance, Bitfinex, Houbi and others that dominate the market.

[Hamphser]

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

I think it is the opposite, for people like us it doesn't really make a lot of sense to use one of those exchanges when we have several that have a good reputation and that have been in the market for very long time, however this is the same as we see in the market of icos, why do we need thousands of coins when many of them do the same thing? Because there is money to be made, it is that simple, and the same is true for exchanges, there is simply too much money over the table that even if only 1 out of 100 new exchanges succeeds it is still worth the effort for the one that succeeds.

Money that do circulates out into this market is really big thats why businesses attached to it would really be having the chance or tendency for it to make it something big
and into its owner then that would really be worth of the effort once he had really able to gain users into his platform but it wont really be that simple because getting recognition
or attention isnt something that can be attained so easily.It all depends on the the platform or service itself and with some mix of luck when you do talk about success.
We dont really need lots of them but we cant actually stop for them to pop out this is why as a user then i dont really see the reason why we would tend to make use
of those new service?

[Tingtong]

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

Today crypto world high valuable platform for earning. If you saw binance first starting same like at a new exchange. Today stared exchange give many faculties for customers after time he make change rules for customers.

[gribalenfeksiyon]

Making a new cryptocurrency exchange is a logical idea. but it may not be reliable after scammers scam a lot of people on the stock market recently. we may not be able to compete with big stock markets.

[dizzy1996]

In general, I cannot agree with you, since the creation of new cryptocurrency exchanges creates competition, which accordingly improves the quality of the provision of services by other exchanges and I consider it normal for the emergence of new cryptocurrency exchanges, because this is healthy competition

[Iranus]

You can't say that “why is launching a new crypto exchange.” Not all exchanges are the same, each exchange has its own unique characteristics. and you know, the more alternative ways come, the more competition will increase, the quality of service will increase too. If someone has the ability to serve faithfully, they should be applauded.