In addition to the exchanges listed on the CMC, there are many other exchanges.I have a question WHY do we need so many exchanges?What do You think the new exchange will be able to attract potential users?
As I seen there is lots of exchanges popping up every day . Its having big advantage and disadvantage . First thing is that most of the coins are getting listed in this exchanges where they are not having option to listed in big exchanges . Cons is these exchanges are not backing with real bitcoin or ethereum its just a digital indicator or number.
Yeah there are lots of exchanges, and I was very surprised because I see lots of exchanges that I had never heard before, many of these new exchanges, mostly listed ICO or some small altcoins which did not have a market in a big exchange. of course there are advantages and disadvantages, the advantages are there are many options that you can use to trade, marketcaps are getting bigger, but the drawback is the risk will be even greater, many exchanges will emerge then a lot of scam exchanges, or shitcoin that is traded freely