Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
XMRpromotions
on 19/01/2016, 22:16:35 UTC
- additional exchanges are being talked to

As if that is the problem when liquidity is already too low. You can further dilute liquidity across more exchanges.

Okay it perhaps provides access for some more investors. But access is not likely the major issue limiting Monero investment.

It provides resiliency, even if largely unused. Dash trading was potentially disrupted by the implosion of Cryptsy and the delisting on Bitfinex. Fortunately they could just move over almost instantly to Poloniex and Bittrex, which previously had very little Dash trading.


In addition to increasing CryptoNote to CryptoNote liquidity (Poloniex offers the most CryptoNote trading pairs but is missing Aeon) convincing Shapeshift to accept Boolberry and Aeon will increase resiliency for everyone in case any existing exchanges close down or implement more burdensome restrictions on their customers (identification documents, trading restrictions, etc).

More liquidity for CryptoNote coins on Shapeshift should in theory lead to both better prices and higher exchange limits. Please show your support by contacting Shapeshift if you agree.

https://twitter.com/XMRpromotions/status/689328498893144064

I have made efforts to contact other exchanges regarding Monero but no news (that I am aware of) is imminent. More large exchanges are likely to add us in time but it will not happen overnight. China should be an important focus for us this year.