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?
If we have many exchanges they can compete and improve their services for us. we will see which exchange has the potential to exist for long term and we will see also which exchange has its own unique idea how it could help us traders. we will find better and let them prove their self that they are worthy for us in this field. hoping that their will be exchange that will meet our expectations.
Increase in the number of exchanges has already stirred the competition of being the best among all. Since right now not everyone is aware of crypto currencies and there are limited customers of crypto market, exchanges are working hard to seek attention of the lots. In one way, it is helpful for newcomers to have great deals for joining a particular exchange.