With all of these new exchanges popping up here there and everywhere, i am seeing a very common theme and it's one i don't like AT ALL and i feel it gives bitcoin/crypto a bad reputation in general.
What am i talking about? Trading competitions! Where you can win XXX amount of whatever crypto for being the most active or hitting a certain limit. Don't get me wrong, i'm sure there are a few people out there who will do alright from these deals, but i imagine the vast majority end up losing in the short term or the long run.
I do not see anything wrong with this kind of promotions or contests. This gives inspiration to do good trading. If you lose, it may just mean you are not good in trading because of lack of knowledge or you are just very unlucky.
The only concern I have with new exchanges is if they run with the money of their users. That would really put a bad pr for cryptocurrency. But other than than, new exchanges gives options and their competitions gives opportunity to earn.
For me, its targeting the wrong audience. It does absolutely nothing toward our hallowed "mass adoption" hopes, and its encouraging gambling all so that the said exchange can make a profit in fees!
It is not gambling if you know what you are doing.