Rising numbers of cryptocurrency exchange is it good or bad?

[vanjava]

while the exchanger is well used and functioning properly it doesn't matter. and don't fake prices to start trading on crypto exchangers.

[WhiskeyHoney]

This is neither bad nor good. It just happens. We don't know and cannot predict what the consequences of this will be in the future. But at the moment this doesn't affect the cryptosphere.
Although some unreliable currencies affect badly. But this influence is insignificant.

[Confero]

The increasing number of Cryptocurrency exchanges is proof that Cryptocurrency is experiencing growth.  But later people will still choose which exchanges are good for trading, and in the end the exchanges that don't sell will die too. And remember, we must be careful of the new Cryptocurrency exchanges, lest we enter the wrong one.  Because of my experience there was an exchange that turned out to be a scam.

[Masson]

Exchange to list all the new coins that are been developed.

[Prime]

It has a positive side to allow traders having many choices to trade their assets. It also provides more chance for arbitrage, so you can analyze the coin's price among the exchanges. Then, crypto projects also have many options to provide their IEO.

[tonymillions84]

it is very bad. honestly. bad for the crypto business because many are scams and will fall out. most project owners feel like that is the best way to make money in this crypto market.  a lot of scammers are developing a trading platform using it as a means of cashing out. obvious it is working but it is bad for the market because it will be hard for data collection.

[LogiC]

IMO I think it does not matter if many exchange added on cryptomarket. Why? These exchanges added market liquidity and additional place for crypto trading. Is that bad? The only reason I see it as bad if the exchange loses its credibility to operate and turn to be scam due to lack of funds.

[Andruha1993]

Wow, the number of exchanges is increasing every month. Personally, this makes me neither cold nor hot. Because I have already chosen for myself certain exchanges on which I trade and they completely suit me. Others I just do not consider.

[Vx1]

Nowadays there are many Crypto exchanges that do not meet the requirements to be used as a place to buy and sell Crypto. There is something very difficult when we want to withdraw our assets. So we must be careful when we want to enter a new exchange.

[alstevenson]

Its because they knew that despite of the market condition, exchange always earn on its fee and listing fees. Many exchanges in the market means a good thing, more competitors the better to increase their performance than the other but be careful on choosing a new exchange. You're funds might get scammed or hacked.

[tervel]

Numbers of cryptocurrency exchange is  dependent on investors.For so long as money keeps pouring into the crypto economy and the ICO sector remains vibrant, new exchanges will continue to proliferate.

[Fenix]

An increase in the number of cryptocurrency exchanges is, of course, good. However, with the already existing more than three hundred exchanges, it is still very difficult to find exchanges to exchange our tokens. We need to come up with such a cryptocurrency trading system so that you can freely buy, sell and exchange any tokens on the exchanges that are not fraudulent. Otherwise, interest in cryptocurrency may decline over time.

[Renampun]

If we closely look at the numbers of cryptocurrency exchange that exist today old and new i might say that it was continue to rise despite of the unfavorable market condition that we all experiencing these days, what was the reason behind in all of these rise of cryptocurrency exchanges?

I think the biggest reason why more and more cryptocurrency exchanges are popping up is because of business, they see opportunities and huge profits in the exchange so they are competing to create an attractive exchange. and I think it doesn't matter if their competition is healthy.

[OptimusPrime]

It's good and bad, everything that has a good side have a bad one as well. Having more exchange is not a bad thing but the problem is that many of them are fake, dubious, scam that can steal your fund. So its hard to trust them

[dewod_]

I would say that it's pretty hard to find a nice, reliable exchange although the fact that there are thousands of them on the market. Many crypto exchanges are just a scam. I recommend to check some rankings of cryptocurrency exchanges before you decide to use one of them. For example you can visit cryptomag.me where CoinDeal was named as one of the best trading platforms for EU in 2019.