I someone starts an exchange, or if someone wants to use a new exchange, the fear is that it is an exit scam.
Well, one way to prove it is not is to have collateral in escrow.
Or some government assurance, or some insurance company assurance.
But, that is way too expensive and difficult.
And in the cryptomarket, KYC is not that attractive.
So how can an exchange demonstrate the fact that it is trustworthy?
This cannot be have overnight mate,you first need to gain trust from the community to vouch for your legitimacy and this will take long time.there are lots of exchange here that tried to make it fast and not they are dead.another thing is the support in which you must be very gentle and attractive to the investors and must be there whenever they need answers,if you can have a 24/7 accuracy then maybe success will be in hours soon