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😒
Most of the new exchangers are made with the intention of scam and this is not good at all for the ordinary people. People deposits the coins in these new scam exchanges and they are never allowed to withdraw those.