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.
Some of them are just Making their name so a chance of Having a Big fish victim is there,and also some of them are working together with scam project operator to Make the fake project look legit since there are already exchange that waits their Bogus project.
you dont have to work with them,nor Use them because like what you said there are existing legit exchange to use and these newbies are just baiting Victims.
and also Good project usually listed in good exchange,simple logic as that.