Quote from: jcpone on Today at 12:53:30 PM

Quote from: Bossfidelity on July 31, 2020, 01:04:47 PM

In my opinion, It's better to stick with the popular exchange tokens like that of binance and other global exchanges. Investing in medium exchange tokens may be risky and the Returns are not quite encouraging. Crytocurrency exchange is a quite risky venture and several great exchanges in the past has gone down the drain and several others we thought are good, just like bcnex, ended up exiting the space, Leaving the holders stranded.

No doubt that BINANCE at the moment is the most trusted top exchange in cryptocurrency. The volume will surely be flooded, together with their community as well who will use their platform to trade their own coin choice. But in the new exchange it will be hard for me to invest in it, due to there is no proof yet to say if it is safe or not.

and it will be difficult to compete with a large exchange of that class, there is still a possibility but it must have a role or thing that is different from usual, to create new things that are not in the current exchange.
an example is the bittrex market which has existed since 2015 but can be defeated by new exchanges such as binance kucoin, from the daily volume, the service may also be mediocre.