Quote from: milani on Today at 07:43:36 AM

Quote from: KoochieMane on November 26, 2020, 08:30:32 PM

Lately i see many new crypto exchanges / shitcoin exchanges.
I find that creating new exchanges these days isnt profitable anymore, why would someone switch from a long known exchange like binance/coinbase/etc. to some brand new exchange? Even with a marketing campaign, theres not much you can innovate. All exchanges that promise "no KYC fiat trading" is either a scam or will be shut down due to AML policies.
Exchanges which allow anyone to list their own coin ( exists ) are very vulnerable to Dip and Ditch schemes.

Overall i find working on a new Crypto Exchange a waste of time, money and effort unless you have some truly insane idea.

Am i wrong? Correct me if im wrong, willing to hear all your opinions.

Sounds a bit strange)) 😁😁 In case everyone thought like you, we would not get the Binance or Coinbase some day. May be some service look like the same with nothing new to offer, but aafter some time it will surprise us with a high reputation, forr example. Or some coin may become really strong and profitable some day, but at the very beginning it looked like a shit coin. From the million of offers everyone will choose the best option. And it is not bad that we have such a variety. It is good because this creates the competitive area for participants. Without worst there will not be best.

Not all new exchanges are scam. Some maybe good in the future. Similarly out of the many shitcoins created daily, they may be few gems which proof to be of good value in future. This is a free market place and everyone can come up with their projects and exchanges. But in the long term, only the legit ones will survive.