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.
actually all we need is a few exchanges like, 1 DEX for each DApps Platform and some CEX to exchange crypto to Fiat.
but unfortunately many people who want to benefit from this industry, eventually many exchanges that are not worth releasing. the effect is that many altcoins don't have a trading volume because of the listings there.