Post
Topic
Board Altcoin Discussion
Re: [POLL] Cryptsy SXC/BTC Pair
by
coiner-88
on 26/12/2013, 16:31:12 UTC
Besides, a lot of people have first to buy Bitcoins, then convert them to LTC and buy with them SXC. So if SXC/BTC market will be opened, I'm sure Vern will be happy with the trading volume achieved.

On the contrary.  Cryptsy would actually stand to lose by opening SXC/BTC.  Right now they are collecting percentages on two trades instead of one.  First they take a percent on BTC/LTC, then they take a percent again on LTC/SXC.  They have this luxury as long as they are the only game in town.  Once SXC gets picked up on more exchanges, they will start to lose their SXC trading volume.  THEN they might consider adding it to the BTC market, as a way to get the volume back.

So in the long run, it is better to offer immediately SXC/BTC at Cryptsy. Once you loose a customer, then it could be hard to get him/her back. I traded until now only at Cryptsy, and I like the trading platform (though it could be much more improved regarding the trading matching engine). But since they don't have SXC/BTC, I'm watching out for other exchanges. The chances that they also offer good trading platform maybe good. Then I would stay with them. So all in all, Cryptsy will loose more than win if they don't offer SXC/BTC.