We all have different accounts on different exchanges over the world.
We all experience different prices, different volumes etc. Besides, while some coins are available on some exchanges, they may not be trade able on others. Even differences in events like airdrops for instance, while some exchanges accept and distribute them, others just don’t.
We should think about how to solve this kind of problems. And i think in the end the solution won’t be just in favor of crypto traders, but also in favor of all exchanges.
Concider, all order books were on one place like blockchain, and all trades happened with the same logic queued on the order books in this system.
This would create a real time synchronized price level on all exchanges, much bigger order books, much bigger volumes. As a result all different crypto currencies will be available on all exchanges, actions in different crypto currencies will be noticed on all exchanges over the world and this will create a faster growth of all trustworthy coins and eliminate also the less serious represented crypto coins.
This would increase believe and trust of more people outside the crypto community and let them join our community.
This should be possible easily. All exchanges should be connected with each other thru this system and cooperate on this system. This cooperation can bring even more positive changes. It can increase the security of all exchanges, it will cause a continues trading pool wherein all customers of all exchanges over the world trade with each other, it can create more stable coins connected to more currencies or other types of raw materials etc.
This connection is inevitable in the end anyway. The blockchain is one, but exchanges can create their own bubbles and influence other traders on other exchanges and make them take stupid decisions due to instant mistakes. Think about sudden and reasonless price changes of any coin on one exchange in the past, which made a lot of people on other exchanges suddenly panic and undertake unnecessary actions with big losses as result.
I think the crypto community has more smart people who can think of more benefits of this system.
Thanks for reading my idea,