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.
So far as exchange platforms serve as the crypto version of banks and making it possible for people to easily buy and own cryptocurrencies, I do not have any problem regarding the number of exchange platforms being created. But the only problem I have with new exchange platforms is them creating their own crypto coins. To me, it is not relevant for an exchange platform to create its own coin. Most of these coins are just worthless coins flooding the crypto market with no specific aims that will have an impact on the crypto space.