It is estimated that there are over 2000 Cryptocurrencies and more are being shuned out steadily.
And the few exchanges available are exercising monopolistic powers in the sense that they charge huge listing fees, transaction fees etc.
I think the creation of new Cryptocurrency exchanges is in order as there is need to break the monopolistic powers of these few exchanges which will make the market competitive
On the other hand, I see that Binance, for example, claimed to accept only the best project without fees. If other major exchanges follow this example, it will really helpful for the industry.