Will most exchanges go to zero in three years?
As the core hub of the market, the original intention of the exchange is to build an efficient and transparent platform to create the maximum wealth growth opportunities for customers.
In today's ever-changing cryptocurrency field, the surge in exchanges is accompanied by a phenomenon that cannot be ignored: new currencies have sprung up like mushrooms after rain, but often fail to bring rich returns to retail investors as expected, but to a certain extent increase the complexity and uncertainty of the market.
Industry giants like Binance, even new currency projects on them, are inevitably baptized by market fluctuations, and it is an open secret that they rise and fall. But what is more worrying is those second-tier exchanges hidden from the public eye. They frequently launch new products, with hundreds of new currencies at a time. In fact, there is an over-exploitation of liquidity behind them, resulting in extremely low real trading activity of many new currencies, and daily trading volume is even difficult to break through the $10,000 mark, and is even worse than the meme coins issued by group friends!
Competition in the spot market is becoming increasingly fierce. Exchanges have found that it is difficult to maintain profitability by simply relying on the traditional bid-ask spread, and it is even more difficult to attract and retain high-quality customers who pursue high returns. As a result, high-leverage contract trading came into being and became a new battlefield for many exchanges to compete for.
From 300 times to 800 times, the continuous increase in leverage seems to provide retail investors with unprecedented profit space, but in fact it is like a double-edged sword, which not only magnifies the possibility of income, but also aggravates the risk of losing control. In this high-risk game, exchanges and customers seem to be caught in a vortex that is difficult to extricate themselves from. If they are not careful, they may face the cruel reality of zero assets.
This makes people think deeply: Where should the future development path of exchanges go? Binance is one of the few exchanges that can still maintain its growth momentum in this era. Insist on trading in large exchanges, I believe that in the near future, wealth will continue to come to you!
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