What will happen to crypto exchanges in the future?

[cheezcarls]

Both digital money and cryptocurrencies are having different real use cases. Crypto exchanges are very important nowadays in which we could convert our crypto to fiat and vice versa, especially when it comes to P2P trading.

They're here to stay for a very long time. Of course, most likely the world would transition to digital money. But regardless, crypto exchanges plays a vital role in keeping us going in crypto to fiat conversion (even digital money).

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[lalabotax]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

I'm a little confused, what does digital money have to do with cryptocurrency exchanges? Aren't crypto exchanges a market platform for buying and selling crypto and other activities? Just let digital money grow widely, now there have been also some digital money has started. As long as cryptocurrencies still exist, crypto exchanges will also exist. Because they are the bridge between the crypto world and the real world when cashing out money. And crypto exchanges also have many features where users can do trading activities, staking, and various other features that digital money platforms may not have.

[decodx]

With Bitcoin gaining popularity and different businesses around the world accepting it as a means of payment, cryptocurrency exchanges will still be needed to make the whole process more accessible and easier to use. That is because a lot of people are still new to making transactions using digital currency and even if in the future, when everybody would be using it, the process would still need exchanges for them to trade their bitcoins into fiat (digital) currencies. The reason why is because it will always be useful for businesses and individuals to convert between the local fiat currency and their preferred cryptocurrency.

[Natalim]

Don't bother yourself to think about it OP but have to believe that exchanges remain important to us who live in the crypto world.
Just think about the vital role of this platform, then you'll gonna think that as long as crypto exists, this can be still here.

Despite the growing number of users all of these things remain - Buy, sell, or trade crypto
Not all are preferred for P2P transactions - so, therefore, having exchanges is still important to other crypto users.

[bitmit.exchange]

Thanks all for your comments.
In this case which almost everyone thinks exchanges need to be there for the future, how about establishing one? What services do you think must be offered so customers would like to use the exchange?

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

[Fullcoinese]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Why there is no?
acceptance of crypto adoption as a means of payment will not be universal for all crypto assets. it will be more specific to certain assets like BTC, ETH, or USDT.
With a large market development, this will also trigger many new companies to develop projects. this has the potential to create a new crypto as we see it today.
to make it more valuable, of course, trading will be important to bring this market to life.
Trusted crypto exchanges will remain active to facilitate the community in crypto trading.

[tjtonmoy]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

As the popularity of BTC increases with more and more people accepting it as a way of payments. I think there will always be some other cryptocurrency too. Being built on other blockchain and having a different purpose, i think you will need a source to be able to convert them and use them as BTC.
All though i am not sure what to come next in the future, but pretty sure it will take a long time for the exchanges to disappear.

[tjtonmoy]

Thanks all for your comments.
In this case which almost everyone thinks exchanges need to be there for the future, how about establishing one? What services do you think must be offered so customers would like to use the exchange?

For one thing that everyone wants it the security for their assets. If you can provide that then many will show positive vibe to join it. And one more important thing is that it has to be decentralized. Not your key, not your assets.

Low gas fee.
Best value.
and there are many other factor to keep an eye on. So do your research and you are good to go.

My advice is that find the problem from your own experience and try to fix them while you create one. Or try to improve what is already there.

[Slow death]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

of course you will need exchanges, how are people going to day trade? day trading is a way to make money for many people, in addition to being good for the market, if there were no exchanges it would be difficult to price cryptocurrencies. exchanges are something that will be needed every day and even if years pass people will need exchanges, for example there are cases where people will need to buy bitcoin using bank accounts, so the person has to have an exchange account to buy bitcoin

[Asiska02]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

The demand for more cryptocurrency exchanges will increase once bitcoin and other cryptocurrencies are widely accepted worldwide because the current ones will be inefficient and might cause traffic jams. This can be compared to fiat currencies, which are extensively utilized throughout the world; more banks have been established since fiat money first began to be used for transactions. It is almost unimaginable to even consider the idea that cryptocurrency exchanges won't exist if bitcoin is widely used worldwide.

[Victorik]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

The answer to your question is very obvious and simple. As long as it has to do with cryptocurrency, there will always be exchange. Just as the name implies, 'exchange' - sometimes, you might want to convert from one cryptocurrency to another. How can you achieve this without an exchange?

Regardless of whether digital currencies now been globally accepted, there is still need for an exchange.

[Dunamisx]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Exchanges will still exist, although more companies and businesses will accept crypto as digital money globally. And as long as people still want to profit from the price difference of the coins on the market, the exchange is still serving that demand because the exchange will also definitely benefit from every transaction. Maybe this will trigger more and more local exchanges in one country to make it easier for their citizens or foreigners who are there to exchange cryptocurrencies for fiat or even they can use crypto directly as a means of payment.

Exchanges may still exists in the future but a very few numbers of them just as some cryptocurrencies would have also cease from being existing later on, what one thing needed to be clarified here, are we talking about the centralized exchanges or the decentralized ones or both as a whole, exchanges need to survive as well but majorly on altcoins and they have the in-depth of how they trade to add up their own transaction interest along on users in form of fees.

[Mahanton]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

The answer to your question is very obvious and simple. As long as it has to do with cryptocurrency, there will always be exchange. Just as the name implies, 'exchange' - sometimes, you might want to convert from one cryptocurrency to another. How can you achieve this without an exchange?

Regardless of whether digital currencies now been globally accepted, there is still need for an exchange.

Correct.
As long there's demand and as long there's people would be using it then it would be safe to say that they would be still existing on the future.These companies or platforms
would really not stop on making or offering services which would be provided into the community which it would be having relevance or giving out that convenience on where
the public do much prefer.

Even digital currencies do exist on the future but still not wont really be able to give out those services on where exchanges could able to do so.
This is why their existence would be still relevant.

[imamusma]

However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

What do you mean by digital money? Is that some kind of CBDC that the government is planning?

I think that's what you probably mean by digital money. Basically anything that can be traded for profit then the market is needed. Even if it were a CBDC, I think local exchanges would adopt it as a trading pair for other crypto assets including bitcoin. Crypto exchanges are always needed and probably won't be bothered by the existence of a crypto-based government digital currency either.

[BitDane]

However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

There is always a need for cryptocurrency exchanges.  Crypto creation will continue and crypto exchanges is the best place for new cryptocurrency project to market their coins.  Aside from that, we all know that currency/digital is globally accepted and yet there is this FOREX and its thriving.  Why?  Because there is a need for marketplace where people can buy and sell different currency, and profit from price volatility.

Exchanges may still exists in the future but a very few numbers of them just as some cryptocurrencies would have also cease from being existing later on, what one thing needed to be clarified here, are we talking about the centralized exchanges or the decentralized ones or both as a whole, exchanges need to survive as well but majorly on altcoins and they have the in-depth of how they trade to add up their own transaction interest along on users in form of fees.

I do not think there will be only a few cryptocurrency in the future.  It is impossible because the creation of new cryptocurrency won't cease to exist.

[TelolettOm]

However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Crypto exchanges are for crypto coins/tokens, they are not for digital money.
Crypto exchanges have big roles in crypto world, people trade their coins or tokens there. Without exchanges, people will be difficult to trade their coins/tokens, so people will always need exchanges. So, no doubt that the exchanges will survive for a long time.

[noormcs5]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Cryptocurrency exchanges will continue to exist even if bitcoin is globally accepted.  In order to exchange crypto to another crypto, we need exchanges. However, i hope the decentralized exchanges become more popular and give all the features that centralized exchanges possess.

The only thing which may close is the fiat currency banks. The paper notes and the banks which store them and deal with fiat money will not exist anymore.

[Techkoy407]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Of course there is, crypto always has its own way,
such as many who invest and as a means of payment,
both have similarities and differences,

because both can be used as a means of payment,

and digital money can be used directly to top up the crypto market,

so they both need and are always side by side.

[Techkoy407]

Bitcoin is becoming more and more popular and applicable everyday and there are plenty of companies and businesses accepting it as a common type of payment. However, when digital money is globally accepted, would there still be a need for cryptocurrency exchanges? Any thoughts on this?

Cryptocurrency exchanges will continue to exist even if bitcoin is globally accepted.  In order to exchange crypto to another crypto, we need exchanges. However, i hope the decentralized exchanges become more popular and give all the features that centralized exchanges possess.

The only thing which may close is the fiat currency banks. The paper notes and the banks which store them and deal with fiat money will not exist anymore.

I think paper money will still exist,
although someday it will be eliminated, but it will take quite a while.

plus people who don't agree with cryptocurrencies, it will be a big obstacle for crypto.

[dansus021]

my thoughts will be crazy crypto exchange will be everywhere maybe there is 1 or 2 in one country and then when the government created CBDC maybe will be a lot more. and of course the decentralized exchange will be more complex then now. and crypto become part of everyday life since altcoin that have been developed be more complex as well