I've read an article in the internet that cryptocurrency exchange is growing in number. As of now the number of exchange is already about 500 and counting. Other countries are now creating their very own exchange, does this means that cryptocurrencies is being acknowledged better now than ever before? And if it does, does having more exchange could greatly affect the prices of cryptocurrencies?
Having a lot of exchanges does not affect the price of bitcoin in anyway at all. But I will advise you to stick to your current exchanges that youre using instead of going for all these new exchanges, unless you just want to take the risk of being an example for others, then no prob. Why Im saying this is because most of these new exchanges are scam, although I know that there are legit ones out there, but you still have to be very careful.