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?
Binance isn't even that long in the industry. It came into business in 2017. So, it's just three years old in the game. But before Binance, there were other exchanges that ran their businesses differently. Binance happened and revolutionized the game and gave a lot of traders and investors assurance of the safety of their funds. When I joined this forum in 2017, there were slightly over 750 cryptocurrencies listed on the CMC but today there are almost 6,000 of them. I think, the more the merrier applies here. Let more exchanges come, those without innovations will fizzle out with time.
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.
Uniswap is a new exchange. Will you say it hasn't brought something new to the industry?