We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Yes, we have seen so much exchange service lately that it is difficult for us to discuss whether it is positive or not. For example, this situation is quite good for traders who trades arbitrage because they face a variety of prices in the market. On the other hand, I think this situation is positive for individuals who do trade, but I do not think that ICO is a positive thing for investors. We can easily say that many ICO projects are opened to trade in very low volume exhange services and that the investor is constantly victimized.