There are really a lot of exchanges nowadays, but most of them are cannot be trusted and they have fake volumes, that is why many crypto users are so picky in finding some exchange.
The numbers of exchange do not matter to me and what is important is how good there are. The issues of fakes volumes is there and I think that means some of the exchange are just there for the purpose of manipulations. We just need to get more of them because competition bring professionalism.
Quality over quantity, but honestly, we can never stopped the increase of number of exchanges in crypto.
As the number of investors increases, that calls for an increase of exchanges also, capitalist seems potential in the market, so they will try to operate.
I also subscribed to a quality exchange over quantity with the issue of the numbers of rates in which hackers hacking unsecured exchanges is very alarming I believed investors should be more consigned with investing or trading with a well secured exchange recalled the issue of cryptopia exchange that was hacked recently thus losing a huge amount of investors crypts assets is an indication to their firewall not well secured.