Definition ∞ Exchange fatigue describes a phenomenon where users become disinclined to interact with multiple cryptocurrency exchanges due to the complexities, security concerns, and regulatory obstacles associated with managing accounts across various platforms. This can result from repeated know-your-customer processes, differing fee structures, and the mental load of tracking assets on various interfaces. It often leads users to consolidate their activities on a single or a few preferred platforms. This sentiment can influence market liquidity and user experience.
Context ∞ News frequently reports on user dissatisfaction with fragmented exchange experiences and the resulting calls for greater interoperability or simplified onboarding processes. The concept of exchange fatigue often arises in discussions about the dominance of large centralized exchanges versus the expansion of decentralized alternatives. Addressing exchange fatigue is a key challenge for platforms aiming to retain and expand their user bases.
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