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?
I don't think it will greatly affect the prices of cryptocurrencies if it is listed in multiple cryptoexchanges but i think its liquidity does. The more volume a cryptocurrency has, the better liquidity a crypto has, the faster for you to convert it into cash and trade it at a very reasonable price.