The current currencies are 4849 and Markets are 20850 according to the CMC. Is this really working fairly? I think if it was altered, it would better to get more volume and liqudity. Still thinking, the future of Exchangaes.
Crypto market is still developing and that's the reason why we are seeing so many new entrants every single day! The way we are seeing new projects and coins in the market, same way we are also seeing new exchanges here! While it is good initially because the crypto market is still developing, but not all exchanges are going to survive in longer term! The reasons can be many but the major one is the client satisfaction! Let me give you a simple example,
We have seen many hacking incidents in recent past. But did we see any exchange handled a hacking incident the way Binance did? So Binance has clearly shown its customer centricity and its no wonder that they are the market leader!
I don't know if the market is currently functioning fairly due to its staggering numbers! But there are few professional exchanges with great business acumen and customer centricity who are betting on crypto market with long term goal. These exchanges are going to survive while others will go down to drain!