What happens if a cryptocurrency is listed on more exchanges?

I'm curious to know, what impact does it have on a cryptocurrency when it is listed on multiple exchanges? Does it increase its liquidity, thereby making it easier to buy and sell? Does it broaden its exposure to potential investors, attracting more capital into the market? Does it enhance the overall trustworthiness and credibility of the cryptocurrency, considering the rigorous listing requirements of some exchanges? Additionally, does the increased competition among exchanges lead to lower transaction fees and improved user experience? I'd appreciate insights into how these various factors interplay when a cryptocurrency gains listings across multiple platforms.