One of the problems the cryptospace is facing is copy and paste and repetition of projects with different names, innovation and creativity is fading out in the space.
The scammers have found a way to make easy money: the exchanges that are being created every day.
Let us compare the older cryptocurrency exchange platforms like (Coinbase, Bitfinex, Bitmex, Kraken, Gemini, Poloniex, Bittrex, Gate.io, and Huobi) to the new ones like (Bitforex, Indodax, Coinbe , Hotbit , DigiFinex). Why are the new crypto exchange platforms struggling to hit the lime light?. Binance is about a year old and has made much impact in the cryptospace
In this comparison I think I see Coinbase and Binance as the best exchanges, the other exchange still has much to improve
why cant other cryptocurrency exchange start-ups follow suit?
1. Lack of funds
2. The market has already been saturated
3. No original ideas
In my opinion are:
1 -) lack of honesty on the part of the creators of exchange
2 -) lack of transparency on the part of exchange
3 -) has no new ideas
4 -) Lack of responsibility on the part of exchange
5 -) Exchange does not have physical office to improve customer service and convey confidence to its customers