The thing is not every exchanges are a legit one. Because of how many there are out there, you could choose the ones to your liking. As so you know, we have so many projects about new exchanges, but only a few could managed to survived that has a decent real volume each day and all. Don't get too caught up in the numbers of the exchanges. it's only a number, it would be better if your focus is in the promising exchanges than the new shady ones. And with all those currencies, not everything has value anymore.