The exchanges have become greedy middlemen. I think to list a coin at Binance you have to pay them 2 million dollars, or some ridiculous number like that. It just feels like such a waste, money that should go into the project. Bitcoin in the beginning wouldn't had been able to listed in the begining.
The main thing is not in the Exchange, but in the concept because if we know that even a large Exchange can only survive at the beginning, it cannot provide many benefits, so the important thing is that the main concept becomes an important point. Paying exchanges is also not cheap right now, as you mentioned