We are seeing more and more exchanges nowadays. Is it beneficial to the community if we have more of these? What do you think are the benefits and/or the negative impact on having too many exchanges?
I am watching as the number of second-rate new exchanges increases, the number of weak coins and tokens that are often of no value to the blockchain industry increases. These countless tokens only need to ensure that their creators were able to enrich themselves using these tokens. They are often fraudulent projects and after a short period of trading, the project team disappears somewhere and does not get in touch with the community. I believe that the number of exchanges spoils the reputation of the cryptocurrency market.