Why New Crypto Exchanges Are Gaining Ground

[joniboini]

New pairs are easy to come by, especially if you have access to the Decentralised exchanges. I don’t think you need to join a new exchange for that.

One argument that I know for registering on a new exchange is that volume on DEX is usually low, so you can't reliably trade there without affecting the market too much. On the other hand, if your coin is listed on one or two exchanges with little to no volume then it is worth questioning whether the coin is worth trading or not. I wouldn't register on a new exchange simply because my shit con is listed there, especially if their reputation is unknown but for some people that's worth doing if it means converting their shitcoin for money.

[NikeFit_7777]

Chainalysis analysts have estimated that over 5 years about $100 billion of "dirty" cryptocurrency has been sent to crypto exchanges - about a third of this volume is attributed to sanctioned crypto services, the steel volume is mainly related to darknet markets, fraud, ransomware and malware.

Most of the "dirty" cryptocurrency most often settles on the top 5 crypto exchanges, but fraudsters also use DeFi apps, gambling sites, cryptomixers and firewalls to launder money.

News link: https://crypto.news/chainalysis-nearly-100b-of-dirty-crypto-sent-to-exchanges-since-2019

[luckyledger]

I think that the majority are unlike you, the majority prefer old reliable exchanges that have achieved widespread growth and are very popular such as Binance and OKX, KuCoin for CEXs or UniSwap, PancakeSwap for DEXs.

It is true that new exchanges try to offer some attractive features to attract investors, such as an improved interface, low fees, bonuses, etc., but they do not gain trust in the beginning. There are many scam exchanges that appear in abundance, so investors prefer reliable exchanges.

Yeah, only time will tell whether it was worth it trying other exchanges or not, but the possibility is still there. I used OKX for a while and didn't see any problems with it.