Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
I dont see anything wrong with it, there are can be over a million exchangers out there, its no ones business, you just have to avoid the bad ones, thats the only problem because as there continue to be lots of exchangers, there will also be bad ones alongside the good ones.
You just have to fish them out. And the worst part with all these bad ones is that once you fish them out and everyone recognize them as a bad website, they will still go ahead and create a new site, thats the thing that pisses me off😒
Think if many new exchanges come online and start business, it means we are heading towards pure digital world. Ofcourse this means that more people are interest in the trading of crypto and therefore more adoption.