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?
The fact that the number of exchanges had increased means nothing related to mass adoption. It means that having an exchange is a business that works.
If there are a million exchanges but with a low transaction volume means that they are nearly amateurs that could even lose your money.
I see even in my country countless exchanges that are popping up every month, but they don't invest in a friendly interface, security or marketing. I think that they are easy targets for hackers.
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