Trading in cryptos requires a lot of patience, commitment, and research. Crypto exchanges are coming up almost every other day which makes room for malicious individuals to introduce scams into the crypto market. It is imperative that you carry out extensive research to learn everything about an exchange before investing in it.Learn about the exchanges availability in your area; see what other people are saying about their experience on the exchange, and, most importantly, find an exchange that prioritizes security and carries out verification procedures.
It's our choice on where to pick the exchange we want, Traders don't choose a new exchange because of it's the risk of getting scammed or manipulated by a new exchange. New/existing traders should choice the well established and trusted exchanges Because they have many histories that make different traders being satisfied with their exchange.
I only see a limited number of reason why traders choose to trade on a new exchange, The first thing I think is the availability of a new coin, Some starting coins are only established to a small exchanges and If we have that coin and want to sell it, Traders has no choice but to use a certain small exchange to make a trade to their new coin. The second reason is the promotion that exchange makes, This is what exchange owners make to grab attention to the traders and trying themselves to have many traders and to build up traffic into their exchange.