Post
Topic
Board Speculation (Altcoins)
Re: Experts: Many Small Cryptocurrency Exchanges To Go Out Of Business Soon
by
omonuyak
on 22/06/2018, 19:14:21 UTC
I also sense that many of those little exchange are going to disappear in the near by future. By the way we even prefer for a tokens or coins that we have invested in to be listed in big exchange like poloniex and binance one can really said that many investors are not interested to trade they tokens or coins with bitcoin on those small or decentralized exchange.
Security Fears

Besides this stiff competition, the crypto world as a whole faces issues related to fraud and security. It’s only a week ago that Cattleex, a crypto trading platform, went bankrupt after failing to meet market demands by its miners.

Bithumb Exchange, another South Korean platform, also lost money in a hack that culminated in its temporary suspension of all deposit and withdrawal services on its platform. Youbit Exchange, also based in South Korea, declared the failure of its project after it was hacked.

Despite the central bank of China banning initial coin offerings (ICOs) and crypto exchanges, many Chinese startups are registering their exchanges outside China and targeting Chinese investors. The many cases of fraud in the Chinese crypto world haven’t helped the situation.


Read More: https://zycrypto.com/experts-many-small-cryptocurrency-exchanges-to-go-out-of-business-soon/
Most of those new exchange are not really secure and some of them are not even ready to spend the money raised during icos to secure it.  I think we should be careful when trading on those exchange as it can be hack at any time.