We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
Majority of the new exchanges are not beneficial to the market, there are lots of those exchange that support scam tokens to be listed on their exchange.
Almost all of those new exchanges are involved in fake volume manipulations, giving out false volume so as to deceive investors in investing on their exchange, I know of some certain new trading exchange that had fold up due to low trading activities on their exchange