Why do Bitcoin-only exchanges exist?
Could you elaborate on the rationale behind the existence of Bitcoin-only exchanges? Are there specific advantages for traders who choose to limit their transactions to Bitcoin alone? Does this type of exchange offer a safer or more efficient trading environment? Or is it simply a matter of personal preference for those who are solely interested in Bitcoin and want to avoid the complexities of trading in multiple cryptocurrencies? I'm curious to understand the motivation behind these specialized exchanges and how they cater to a niche market within the broader cryptocurrency landscape.