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.