Quote from: Silberman on Today at 07:20:47 PM

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.

I think it is the opposite, for people like us it doesn't really make a lot of sense to use one of those exchanges when we have several that have a good reputation and that have been in the market for very long time, however this is the same as we see in the market of icos, why do we need thousands of coins when many of them do the same thing? Because there is money to be made, it is that simple, and the same is true for exchanges, there is simply too much money over the table that even if only 1 out of 100 new exchanges succeeds it is still worth the effort for the one that succeeds.

Money that do circulates out into this market is really big thats why businesses attached to it would really be having the chance or tendency for it to make it something big
and into its owner then that would really be worth of the effort once he had really able to gain users into his platform but it wont really be that simple because getting recognition
or attention isnt something that can be attained so easily.It all depends on the the platform or service itself and with some mix of luck when you do talk about success.
We dont really need lots of them but we cant actually stop for them to pop out this is why as a user then i dont really see the reason why we would tend to make use
of those new service?