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?
There are a lot of different exchanges, and now they are all trying to get to the top, for example, Hueby launches his blockchain, probably wants to repeat the success of the binance, but I also notice different exchanges that pop up to the top in trading volumes on this website (
https://neironix.io/exchanges) , I dont know why this happens there , but sometimes I learn because of this about new interesting exchanges.
Developers and some of the people have seen the potential in the exchanges as the demand is increasing, the income is really big, although the competitor is increasing too but almost everyday there is new project coming in right now so despite it still the number of users is increasing everyday. Let's just choose the right exchange, as there were also exchange that is not good and safe to keep your fund at, although they have high security, still we should not trust them at all.