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.
I'm ok with many exchanges, I don't want a few exchanges getting the monopoly of the market, if this happens, we have no control on decentralization and price will have an impact since these few exchanges can charge a very high fee, because of lack of options, we need more exchanges and each one independent of the other exchanges, the stronger the competition, the better for the community to benefit.