We Need More Exchanges. Here's Why.

stazhao (61)in #ethereum • 8 years ago

Cryptocurrency exchanges are extremely important and the entire crypto community agrees, but many people feel that there are too many exchanges and this field is too saturated now. Such factors are wrong because we actually need many more exchanges because many parts of the world lack a good crypto exchange and more people need easy access to an exchange to help this community grow.

Not Enough Good Exchanges

Cryptocurrency has gained wide acceptance all over the world. A research by INCRYPTICO shows that ICOs attract attention from all over the world source. This is not surprising because the internet has made it possible for everyone to be part of the growth of great ideas. Blockchain is a revolution and people all over the world are interested in it.

If you check where most of the world’s top exchange are listed, you get a different story. Coin Market Cap tracks the performance of exchanges and almost all of the most popular exchanges are in either East Asia or America. source. This makes it clear that that crypto market has a serious problem. Many countries do not have a good exchange and this means a lot of the world’s population is under represented in the cryptocurrency market. Most of the good existing exchanges are only in a few countries.

There is a need for more top-tier exchanges that provide the level of security and customer service in every country because blockchain technology has caught the interest of people in every country. They need something that make it easy and secure for them to be a part of this market.

Spotcoin Represents a New Population

East Europe has been the source of many ICOs but none of the top volume exchanges are there. East Europeans have a high interest in cryptocurrencies and blockchain technology but they lack a good exchange to represent them. This reality does not make much sense.

Spotcoin is a new liquidity network that will include an exchange, OTC service, mining facility, and a service that supports crypto transactions. A lot of people may think that this is just another exchange. This is not just another exchange because Spotcoin will have world class features but won’t be based in the US or East Asia. This exchange will represent the needs of a very large crypto population that don’t have a top ranking exchange of their own.

East Asia has been able to get a big audience interested in crypto. Once Spotcoin provides that part of the world a major exchange that is located there, naturally more East Europeans will be willing to join this market. New crypto exchange like Spotcoin are very important, especially if they are trying to represent more parts of the world.