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?
I think competition is always beneficial to customers. We have more options, we can choose the best exchanges with better fee and loyalty programs, and projects also have many options to get listed. But we need to consider about their user interface, liquidity and security.
Indeed, it is good to hear that there are many exchange are appearing but it is alarming as well. Do not just choose a random exchanges if really care to your assets. It is beneficial in the way of we could choose an exchanges that would satisfy our desire, or have a better service compared to the other one. But it could be a troublesome to new bud traders because it would confusing which among them are credible one. Do not just considet the interface and security but the integrity as well.