Post
Topic
Board Bitcoin Discussion
Re: Why make New Crypto Exchanges
by
Tingtong
on 06/12/2020, 05:18:20 UTC
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.
Today crypto world high valuable platform for earning. If you saw binance first starting same like at a new exchange. Today stared exchange give many faculties for customers after time he make change rules for customers.