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RE: Many Crypto Exchanges NOT Taking New Registrations!
Somewhat tellingly a lot of these exchanges with closed new registrations have USDT, or tethers, available to users, and the tether terms of use now forbids US customers from using them. Very bad sign for the future of these exchanges, and nearly certain to impact price of cryptos in general as they include some of the highest volume exchanges.
That's because Tether is a scam until proven otherwise. Why won't they let a reputable, well known accounting firm audit their accounts to make sure the actual USD is there? Why won't they disclose which banks the money is deposited in?
I would argue that these setbacks are only temporary for scaling purposes. Although different in nature, we're seeing how the problem of scalability impacts services. Take Bitcoin, for example. Now look at these exchanges.