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?
Having too many exchanges is not too bad, as long as these exchanges are legitimate and not scams.
I believe it's not so bad because having many exchanges means crypto reserves are not limited to certain exchanges. Having a decentralized network of exchanges sounds more inline with the true and original goals of cryptocurrency.