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.
If the exchange is not a scam, how will it affect us badly? On the contrary, it means more choices when we find that we want more exchange. So, it becomes easier to find an appropriate exchange that you can trade. You no longer depend on the exchange, but exchanges make all sorts of competitions to get you. Also, this place is for those who are strong, if the new is already stronger than the old, the old will gradually be destroyed.