While I was scanning through the bounty board section to find a good ICO/IEO to participate and earn a few bucks, I noticed most of these projects are creating/building cryptocurrency exchange. That means it will be a trading platform. All of them promising to be the best exchange ever. All of them showing that none of the present exchange has features like them, what they will bring once successfully raise funds.
Well, do you think exchange like Binance, Huobi, Bitmex can't satisfy users? Do you think, the crypto world needs these new trading platforms?
There are several things that come to my mind:
1. There are a lot of improvements that can be done to the existing exchange platforms.
2. They just want a piece of the pie, which is certainly huge enough for all of them.
3. They have a certain market target that might not have been taken into consideration by the major exchange platforms right now.
4. Exchange sites might appear to be the easiest way for them to create a project.