Without exchanges such as Binance and Huobi, how many of us would have taken cryptocurrency seriously? There are Dex sites, but they have liquidity issues. Peer to peer platforms such as Localbitcoins are plagued with fraud and cheating. So where the users will go, if they want to exchange some of their fiat to cryptocurrency? It will be ungraceful to say that the cryptocurrency exchanges are having a negative impact.

There will always be market makers. There will always be whales. There are also manipulators in the market. Exchanges could be one of them. Many exchanges are also involved in fake trading just to make it appear that their platform has a high volume. This is present not just in cryptocurrency but also in other markets such as stock, gold, forex, etc.

The good thing about Bitcoin is that it is not just a million-dollar market. It involves hundreds of billions. So it may not be as easy as it sounds. But there are rich institutions that could indeed influence the market.

I also believe cryptocurrency exchange site have an impact in the reason Bitcoin is not mainstream now but it not through the act of price manipulation you said because thats the role played by the whales and arbitrage traders. However, exchange site are only guilty of fake volume and liquidity.


Binance and some other exchange offer this service and I think some problem are caused by naive people in the crypto system.

Anthony Pompliano is genuinely a crypto enthusiast but Peter Schiff accepting crypto payment through a third party is still since he seems to be less experienced about crypto payment and how to stop loss but he claiming exchange site pump and dump bitcoin is just an excuse.

Sure, cryptocurrencies are being killed by exchanges. Centralized exchanges have manipulated much of the value of cryptocurrencies. The majority of exchanges have fake volume. They make up the FOMO mentality more than it builds the crypto space. From the bad events that happened to Kucoin, Metrocoin, Bitmex, OKEX and before that we can see the damage that those exchanges bring. Cryptocurrencies need the serious product and organic growth rather than the current hype and manipulation.

Just like every other thing in the world, exchanges have their advantages and disadvantages.
It should be noted that despite the fact that exchanges are unregulated which is exactly the reason there is manipulation of prices, it is the major reason for bitcoin's mass adoption.
Many bitcoin owners, today, won't be able to buy and own these coins if not for exchanges. The absence of exchanges would limit the buying and selling of bitcoin to P2P which is only limited to a particular country and if one's unfortunate not to have a P2P in one's country, then one can't buy, own or sell bitcoins.
I believe the only solution to this problem is for exchanges to be regulated but this will defeat the cause of the Blockchain technology.

The exchanges have both good and bad impact with regards Bitcoin mass adaption and we must see it on both perspective with no biases and no side to just stand out hiding the other side. Yes, there could be a manipulation being done on exchanges for they are the ones listing different cryptocurrencies we see on the market which is the bad side but on the other good side of it, exchanges are the ones who turns out to be the bridge connecting people and crypto market to gain access on cryptocurrencies doing exchanges into any crypto they wanted and even fiat which is a really good thanks to exchanges for the fact that if they are not around, how could it be possible to have access and exchange into the cryptos we do love to have. Nothing have existed perfect in this world both have cons and pros but we must always look upon the two sides fairly with equal judgement for such things existed with purpose just like exchanges do. Exchanges have a decent role on mass adaption and popularity of not just bitcoin but as well as the whole cryptocurrencies in the market.

Well.. they are not forcing anyone to use their services. We have thousands of exchanges to chose from, ranging from giant-sized exchanges such as Binance and Huobi, to pint-sized exchanges such as StormGain and Omgfin. And the numbers increase with every passing month. Users will chose the most trustworthy exchange with the lowest fees. It is a mutually beneficial relationship.

Most "exchanges" are primarily shitcoin gambling sites.

You log in and get popups urging you to "invest" in some latest scammy ICO or pointless shitcoin.

It's really disappointing and I'm sure it slow Bitcoin's growth a little that there aren't many options for sending people to someplace that won't just try to exploit them by dumping garbage on them...  but I doubt it makes a big impact on Bitcoin's adoption.

Changing how money works just takes time.

You should had made some valid proofs or documentations that would validate your arguments before making some bold claims. As far as I know, Bitcoin price can't be manipulated easily as traders holds the majorities of the liquidity. Exchanges gave way for people to get cryptocurrencies in convenience so it's the opposite of what you are saying unless you proved the rest of us otherwise.

If only you claimed that exchanges are manipulating their marketcap, then that would actually make sense since this is well known.