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RE: Liqui Exchange Closing Doors

in #bitcoin5 years ago

Hi, this article represents whats even worse than ICO's over the past year and that is the Death of exchanges. Today we have the face which is Liqui in this case.
Liqui was one of the decent size new exchanges that popped back in 2017. They have a lot of altcoins that didn't get covered by some of the exchanges.
Lets give it some advantages: they even stated that was one of their major business models. They offer smaller market cap coins best known for listing coins that people can trade on other cryptocurrency exchanges.
But look it was one of many exchanges: which tells us two things a) there is a lot of cryptocurrency exchanges and B) their are proccesing $85.000 in 24hour trading volume and if we comparing to other exchanges Liqui was doing to small market making.
Out there in crypto space is so many exchanges "like'' Liqui.
And we gotta ask question: How many other exchanges are there and how bad is really all these other platforms.