Rising numbers of cryptocurrency exchange is it good or bad?

[masterrex]

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?

[vegasus]

It is not bad news, more exchanges mean more places for people to trade their coins. But they should be quality exchanges, this can determine the trust of people. If most new exchanges have a bad quality or even turned to be scams, people will be afraid to try new exchanges.

[Delgboke]

I think that's a good idea having more new cryptocurrency exchanges that can actually contain numerous altcoins that are been created on monthly and daily basis because it may not be possible for the existing cryptocurrency exchange to list all the new coins that are been developed.

[Senin]

The number of new exchanges and exchangers is growing, because it is a very profitable type of business. However, now we need not quantity, but quality. We need exchanges and exchangers on which all types of cryptocurrencies would be traded. We need to move away from the practice of concluding contracts with exchanges. Exchanges should simply have a percentage of the transaction.

[Noverteno]

The number of new exchanges and exchangers is growing, because it is a very profitable type of business. However, now we need not quantity, but quality. We need exchanges and exchangers on which all types of cryptocurrencies would be traded. We need to move away from the practice of concluding contracts with exchanges. Exchanges should simply have a percentage of the transaction.

Yes, if there was a mechanism for trading on exchanges with any cryptocurrency, that would be nice. The current trading system on exchanges is very complex and imperfect. In the meantime, let the number of new exchanges and exchangers increase. Between them competition will develop, which means the quality of services will increase.

[Bobcrypto]

Yes, exchange platform business is now very profitable and it is increasesing every day. I think the more these exchanges, the more competitive the market becomes. I like the coming of more exchanges to help traders get very good options in term of low transaction fees and advance security for crypto funds.

[Delgboke]

It is good to see new cryptocurrency exchanges coming into the industry but I don't think that all the exchanges you are seen is actually there to serve the purpose why they come, so of the new exchanges are very bad with wrong intentions.

[shadowdio]

I don't know what's the behind reason rising many exchanges these days, but it is good to have many exchanges because we can choose which is the lowest fee exchanges so we can trade there.

[trauchot]

Because it is the easiest way to create a cryptocurrency exchange than to start using cryptocurrency technologies in some area, and therefore many people create cryptocurrency exchanges in order to start making profits faster.

[Istiak]

It became a very profitable business nowadays. some scammer also takes that as a chance to create a fake exchange and loot people's money. Also, some leading exchanges like IDAX scammed. It is very frightening for a trader like us. When big exchange scammed i wonder whom I should trust then.

[Seerge]

The increasing number of Cryptocurrency exchanges is certainly good, because it shows the development of Cryptocurrency in the Community. The more exchanges, of course, make it easier for traders to choose which markets to buy and sell. But in the end only quality and have a large community that will survive.

[alltalk]

It is like two shapes of the knife. It may be good for crypto development, for it means that the crypto world is developing and growing with many more promising projects. However, we must note that it should not be a garbage exchange coins.

[aji678]

good to be able to add to the exchange which of course also increases trading volume and more widely known.
the reason when all crypto rises is driven by good news and the addition of more efficient features.

[Jaephoenix]

If you ask me… That's bad news! Why?  A good percentage of them are poor quality, while a third(my estimate) may be scammish. Recently got KYC scammed by Cpdax. Also exit scams and the new one, KYC scams are on the rise. Unfortunately we can't have a central crypto registry. So the scams continue, sadly

[alexkamillakroy]

I think some ambitious new projects might offer something new in terms of speed, functionality and overall security, so why not giving them a chance? But of course we need to be careful choosing those