Post
Topic
Board Trading Discussion
Re: Too many exchanges?
by
ralle14
on 18/09/2018, 22:32:42 UTC
To my mind, it is better to keep coins now until the price for coins improves and becomes better. The market will definitely become green and this will happen in the nearest future. We will be able to witness this soon
Wtf is this post this doesn't make any sense to what OP said.

The only negative thing I see in this market is that, not all exchanges are worth to use, maybe people will be scammed later on if they continue to use small exchanges. Its good to have more options where to trade but don’t forget to play only in a secured exchange so your money will be safe.
Just because we see small exchanges doesn't mean they're a scam the big exchanges could do the same too (mtgox,wex). Also there's no such thing as a secured exchange that's why many people always recommended to not store any coins on exchanges when you're not trading.

This is the concern I could think of right now. The volume of a certain token will be divided to these exchanges thus making it not to be unattractive to users.
Maybe that is the reason why some coins/tokens are exclusive only to a certain exchange.
If it's divided then the most successful one should have the highest volume. When a token is listed by more than one exchange it gives the traders multiple options to choose exchanges that they prefer.