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 think we can consider it as beneficial since it provides more options for the investors and traders but at the same time, it can confuse some who are not knowledgeable enough on picking a good exchange. They can choose a good exchange by simply looking at the fees they are going to need to pay and if they are not going to pay attention on the fees, they may end up choosing the wrong exchange. So the thing here is that the negative effects may only occur if we are going to be careless on our decisions.