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?
More number of Exchanges launched = More Job opportunities
More number of exchanges = people will buy more Bitcoins as competitions is higher now then trading fees will be less
does having more exchange could greatly affect the prices of cryptocurrencies?no effect. But trading fees will be reduced seems and customer will get more trading rewards to refer people at particular exchange
Every person in world now knows about bitcoin weather its negative or positive. Due to Demand price always increases - here Holders of exchanges increase buy Bitcoin price and make more money. Funda is simple
Buy low sell High
Difficulty is here , When a Exchange has been hacked people lost their money from accounts which they deposited. Cyber security issue. In this case we cannot trust Any exchange website