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.
Hello,
IMO we just need 1-2 Exchanges out there but since Crypto is completely new and pretty much unregulated everywhere we have daily new Exchanges on the Market. Everybody who can hire Dev. can make an Exchange nowadays. It would be good if something changes as this is are the perfect conditions for scammers. They have no problems to get listed their scam as we have tons of exchanges. I use just 3 Echanges which is pretty enough and 1 of those 3 is my main exchange where I trade daily. I would never sign up on a new exchange that is too dangerous IMO.