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.
Am i wrong? Correct me if im wrong, willing to hear all your opinions.
Everyone’s thinking is different. And this is a matter of trend. If something is booming, then others will follow that trend. Because usually many people
want to benefit from it. If at the moment there are many advantages of creating a crypto exchange business, then there will be many a new crypto exchange will emerge. Over time, the exchange will show their respective shortcomings and advantages. It depends on the owner, the extent to which he manages the exchange.
If we have a clear and good vision and mission, then it will be a great and popular exchange like Bittrex, Binance and other great exchanges,
which we already used to trade. But it is not a simple thing to create a new exchange. It requires skill and experience.