Such a great number of exchanges irritates me actually. There was a time when every second project and bounty I participated was about creating their own new exchange. And of course majority of them completely failed. Enough.
Lol, I remember that. I never joined those campaigns because it was always bullshit. An exchange is not an easy thing to deliver on. You need to many funds. There is already so much competition as well.
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.
You are talking about startups that offer the exchange as a product. Yes, you are right because we noticed lastly that so many ICOs and IEOs projects want to initiate new crypto exchanges with some "unique" features, according to them. So many developers want just to imitate Binance and DEX and they have the dream to reach their success.
Product or service, yes. Instead of just people dreaming followed by foolish investors with $$ in their eyes.