Too many exchanges?

B

Blisa

Newbie

Jul 9, 2018

2

0

• Jul 9, 2018

• #1

Why is it that with so many exchanges out there, more are coming everyday, is there that much money to be made?

There's like neon, mandala, fyrus, cryptohawks (lol)

 

D

Deleted member 719276

Guest

• Jul 10, 2018

• #2

Yes dear, Neon is mine.

Create a stupid exchange, promise some "revolutionary" features, start advertising it, get coins to pay you the listing fee, do some free coin listing giveaways to get more social media followers on Twitter and done.

 

B

Blisa

Newbie

Jul 9, 2018

2

0

• Jul 10, 2018
• Thread Starter Thread Starter

• #3

oh lol, is it a legit exchange?

 

Safff

Junior Member

Apr 11, 2016

178

39

• Jul 11, 2018

• #4

Sure, it's, until you wont stop payin taxes and doin it legal. If someone would rob your clients wallets on your exchange, you will pay them. It's easy as fk to make your "exchange" (site where ppl can trade their currencies) so if u gonna scam ppl then it's not a prob, worse If you want to make a legal business.

 

steroidjoe

Regular Member

Apr 26, 2015

264

113

• Jul 11, 2018

• #5

Don't let em pump you. I know that game.

 

Risseto

BANNED

Jul 19, 2018

30

3

• Jul 25, 2018

• #6

There must be a reason that so many exchanges are opening up. The biggest reason would be that there is a lot of money in the business. Everybody wants a piece of the pie. Opening your exchange is not easy. There must be major profits for opening the exchanges.

 

hitndrun

Junior Member

Aug 13, 2014

111

21

• Jul 31, 2018

• #7

It's in the growth phase. Nasdaq and the big boyz will step in and crush all of them eventually. I think binance will survive, but GDAX/coinbase will get bought or merged.

 

A

awesomewebsites

Elite Member

Jr. Executive VIP

Jr. VIP

Nov 16, 2011

19,791

11,285

• Jul 31, 2018

• #8

Of course it is profitable . Someone shared stats about an exchange here in another thread.