Now a days, I have observed that out of ten projects three or four are of new exchanges. At the moment there are so many exchanges available for cryptocurrencies. When we invest in other projects and its token got listed in one of the new exchange, we have to create account with that exchange to trade those tokens.
Do you really think that there is a need of so many exchanges? isn't it very complicated and lengthy to keep accounts in many exchanges?
Please share your views.
A large part of the cryptocurrency sphere is not regulated and so people launch as many as possible to enrich themselves and in cases where they need an operational licence, they can get it from Malta or Estonia

but I am certain that without SEC licence or approval, they can't operate in the US. Sec is the reason why Bittrex and Binance stopped exchange services for US Citizens to float a detached more complaint exchange to serve the US market