Quote from: Maestro75 on July 09, 2018, 07:01:49 PM

Quote from: BitCryptex on July 05, 2018, 12:45:36 PM

I don't really see any point in creating that many cryptocurrency exchanges. Are we even going to reach so high volume that we will see thousands of exchanges?

No, it is a good thing to have so many exchanges so that traders will have options to choose from. Do you know how many brokers there are in the stock market? Numerous to mention. Brokers do the jobs of exchanges in the stock market. Let there be more.

Well the problem is that being big in number doesn't necessarily mean being good in quality. We still have a lot of exchange hacks, so this means that we have exchanges that shouldn't be operating in the first place. For example, we will hardly see institutional investors, or even retail investors, but with a lot of money, putting a lot of funds in exchanges. Probably not even on the main ones, and simply because they don't trust them enough. No point in having a lot o exchanges if there is no trust in that segment. We need less exchanges but with more security.