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.
It's because exchanges project has a high chance to success and fast to develop. Once the exchanges open and run, you can see the progress directly. Also exchange project is a huge prospect and good profit too. I still remember Kucoin, only took some months-1 year and kucoin is big right now.