Is there a need for a new exchange?

[xiaomei]

What do you think current exchanges lack in terms of customer service, features, etc?

[Stephen Gornick]

If it is just BTC/USD then probably not much need and will be hard to get to where there is liquidity.

If it happens to have BTC/USD but also offers:

BTC/MXN
BTC/KRW
BTC/TRY
etc.
with bank transfers as funding and withdrawal then yes, those are unserved markets in need.


or it will convert cash in and cash out methods that nobody else has
e.g.,
BTC <--> M-Pesa
or
BTC <--> Barclay's PingIT
or
prepaid card cards --> BTC (e.g., partnership with Plastic Jungle)
or
MoneyPak --> BTC

etc.

[zer0]

More fixed rate exchangers in Korea/China/Europe would be great success

[xiaomei]

The BTC/USD liquidity is high. But offline payments have not gained much traction. Is there need for a mobile payment escrow service?

[the joint]

We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.

[Stephen Gornick]

We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.

Insuring what?

[the joint]

We need exchanges with INSURANCE INSURANCE INSURANCE INSURANCE INSURANCE.

Insuring what?

Deposits/account balances.

[xiaomei]

Traditional exchanges (CME, NYSE, etc) hold up customers' funds to provide insurance against any one market participant lose enough funds so they are unable to cover margin loses.  Is this what you mean?