Anndy Lian’s Views On Second-Tier Exchanges: “They are too small to be on the radar so they can be more ‘wild.’”

“The only advantage they have compared to the big brothers is they are too small to be on the radar so they can be more ‘wild,’” says Anndy Lian, a Singapore-based cryptocurrency and blockchain advisor and author.

“You seldom see a coin goes 100x on big exchanges but it’s still happening on second-tier and small exchanges.”

“Some second-tier exchanges have found opportunities in OTC (over the counter) and other services that provide some differentiation,” says Simon Dingle, the founder of Inves Capital and author of In Math We Trust.

“Honestly, the main thing is to not be so scammy,” says Jimmy Song, a venture partner at Blockchain Capital and a Bitcoin developer/educator. “Most top level exchanges do very shady things like fee for listing, which I think hurt the industry quite a bit.”

“You seldom see a coin goes 100x on big exchanges but it’s still happening on second-tier and small exchanges.”

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