Too Many Cryptocurrency Exchange Whats the effect on the Market?

[KunotCoin]

Lately i notice that there are too many cryptocurrency exchange that came out of nowhere Maybe DEX or CEX Question is there any effect on the Market??!

[zilzylian]

Crypto exchanges will provide convenience for investors from different countries.
we can easily exchange coins with local fiat currencies, this will make it easier for everyone when they want to trade and buy crypto coins in the local currency they have

[Senin]

There are still not many good cryptocurrency exchanges. Therefore, the more they will be, the greater will be the competition between them. Such exchanges will appear and partially disappear. Therefore, in terms of the development of cryptocurrency can not be too much.

[Alcor]

There are still not many good cryptocurrency exchanges. Therefore, the more they will be, the greater will be the competition between them. Such exchanges will appear and partially disappear. Therefore, in terms of the development of cryptocurrency can not be too much.

I agree with you. Crypto currency exchanges can not be much. In any case, so far there are not so many of them, given that they are all international. Good exchanges still not enough. I hope that in the future such exchanges will be in almost every state.

[xeroz]

I think we have no problems with many exchanges. The problems are too many bad coins and untrusted exchanges. We should focus on these problems only. If we can solve the problems, then many exchanges will be good to support the development of crypto world as a whole. 

[Rofiastuti]

in my opinion it is not a problem, even though many new coins are born, it will increase the bustling and lively crypto market, the number of coins will not affect and make the market or exchange deteriorate. even become chaotic. it will bring positive changes to the development of cryptocurrency. I Thinks

[aiviaa485]

The financial circulation created by the Exchange can take over traders and this is an opportunity to create a good business empire in the future.
Like the case of Binance, first from Exchange, Tokens, and now Decentralized Exchange.

[trauchot]

From the new cryptocurrency exchanges there is very little confusion at the moment because few people use them, but these new cryptocurrency exchanges are constantly expanding and gaining their customers and are constantly growing and will soon also influence the cryptocurrency market.

[Niteroy]

It is true that many exchangers have appeared recently and they continue to appear. Competition increases the quality of services offered by exchanges, but there are really a lot of exchanges and because of this, the volumes of trades are very low and it is very difficult to trade on such exchanges.

[masterrex]

It is true that many exchangers have appeared recently and they continue to appear. Competition increases the quality of services offered by exchanges, but there are really a lot of exchanges and because of this, the volumes of trades are very low and it is very difficult to trade on such exchanges.

I observe like this too, Sometimes those newly created crypto-currency exchange maybe it was DEX or CEX are just vanish without a trace, Like Sobit Exchange, a CEX and Extoke for a DEX all ended the users and investors got nothing and empty. thats why we better vigilant using this kind of Exchange maybe it was DEX or CEX.

[VladEx]

 Small exchanges help to promote new coins, but they are easy to hack, so I prefer big exchanges 

[Pegasus]

Lately i notice that there are too many cryptocurrency exchange that came out of nowhere Maybe DEX or CEX Question is there any effect on the Market??!

On one hand, a huge number of cryptocurrency exchanges helps diversify crypto ecosystem. Their marketing processes make crypto spreading out through communities. Plus, some exchanges are dedicated to a specific market niche. For example the oldd Cryptopia is for trash coins, Binance for top good coins, Forkdelta and Etherdelta for ERC-20 tokens...But on the flip side, so many exchanges make the market scattered. Besides, many of them fake their volumes. This is confusing, especially with newbies.

[pelana vreo]

Crypto exchange is actually good if some of them have an ATM machine, I mean a new exchange project must understand the needs of every investor who wants to invest and wants convenience in the transaction.
we have seen more than 50 best crypto exchanges and some crypto exchanges also require a high level of security so that users don't hesitate when storing and performing transactions in crypto exchanges

[Andruha1993]

Indeed, with each month, crypto exchanges are becoming more and more. But new exchanges are very difficult to compete with the well-known. Therefore, some of them disappear. And they influence the market by the fact that the volumes become very, very low.

[Delgboke]

Having too many exchanges is good so that  the new cryptocurrency project can also have crypto market were they can be listed, but my major concern about many exchanges that are been created how efficient are the exchanges are they secure for traders and investors to trade with, so this things need to be considered a part from security there's nothing wrong having too many exchanges. But we should be careful any fake exchanges.