Topic: Binance: $BNB The Future of Exchanges. - page 57. (Read 132064 times)

Did anyone see that Binance announced a partnership with CipherTrace today for compliance push?

https://www.coindesk.com/binance-partners-with-ciphertrace-in-latest-compliance-push

If you follow the development of the BNB then this is not a surprise, they are always updated in various media even they often contest in binance exchange, this is what makes them great.

Binance is a good exchange and secure one, at least until now the Binance team made good job and all people can use this exchange, and also invest on BNB can be a good investments and can make some profit over time.

It's not over valued but it was getting the correct position to consider from all of binance products are really working very well for us. We can consider how much it worth based on the product that already released and used by so many people.

Binance coins are supported by a very strong team and capital, this is what makes BNB now top 10 and may be able to follow EOS which was originally a token and is now a coin and huge transactions volume everyday.

i appriciate how binance handles binance coin since the lunch but for me this coin is so overvalued right now at least in comparaison with others altcoin anyways good luck for all

BNB was my best invest since few years in this crypto market. i hodl my big bag since summer 2017 and i'm happy with it.

This exchange is actively developing. I think it is now profitable to invest in BNB. This coin has really grown very much and continues to grow. I decided to keep this coin for several months.

I think this month opening of the DEX will dictate the future of the exchange, I want to see how they are going to attract people to their DEX, also speed is something all the DEX are suffering for, with their 1 Sec transaction speed it would be interesting also remember that the quarterly burning is next week so people should expect price movement in upward direction

Another great deal from the Binance team:
Trust Wallet, the crypto wallet app of Binance, has entered into a strategic partnership with Celer Network, a global blockchain ecosystem. Together, Trust Wallet and Celer Network will work on providing seamless integrations and fluid interactions and user experiences for decentralized applications, or dApps.

https://trustwallet.com/blog/trust-wallet-and-celer-partnership

https://www.binance.com/en/blog/322258794965483520/Trust-Wallet-Partners-with-Celer-Network-for-Better-dApps

BNB has always been a super strong coin, long before the market showed any signs of recovery, BNB was already recovering, now almost close to its ATH, it's far above any other cryptocurrency and all the Binance launchpads are sold in seconds. It's gotta be the best coin to hold at the moment by far. Also considering the whole market seems to be recovering and switching to a more bullish uptrend, BNB will surely keep performing.

Wow, this is big!

Humbled to see #BNB supported by the new Galaxy S10, one of the 16 coins supported by default!

https://t.co/fjdY5c00r0

At the moment there are still some shortcomings, but in later times it will get better.Technical problems may persist but dissolve.

Yes, you're right. I take that back. I just see it sometimes as a bit suspicious when people come up with something like the above, because at least regarding that guy I'm pretty sure he has an agenda. He worked for Coinbase and runs a Crypto-fund now.

And see, when it would only be about the chart and the price (like in our discussion in Feb), let's say he would say he would short it because of the rise and a correction is overdue, I also wouldn't see that as problematic. But what he does is to imply there would be fundamental reasons. What he then lists up is not that and often enough also not about opinion any more, but simply spreading desinfo.

Wow, that's a very nice counter-argument!


I, of course, remember that. However, "last time you tried this" seems offensive. I didn't try anything. I only expressed my opinion on BNB value because I didn't expect it to rise further.

CZ has been doing a fine job ever since he created Binance, and the value of BNB is proof of all his accomplishments and achievements, no one can deny that.

Let's see...

1) That guy worked for Coinbase
2) He is very superficial - simply lists up *reasons* without having real arguments

a) "Binance’s competitive advantage is regulatory arbitrage. Minimal KYC requirements and trading limits and aggressively adding new coins allowed the company to go from 0 to ~ 40% exchange market share in less than 2 yrs."

If that would be the winning formula, several other exchanges would be at the same level but that's not the case.

b) "Binance captured this large market share quickly despite a poorly designed product. http://Binance.com  is not pushing the space forward in a meaningful way and the UI/UX is worse than many decentralized exchanges."

Poorly designed can not be true because Binance can handle a lot of traffic, much more than most other exchanges. Worse UI/UX than many decentralized exchanges is even a blatant lie - or maybe it's about the colors or whatever. Under the line that's nonsense.

c) "But Bitcoin’s competitive advantage is regulatory arbitrage too, so what’s wrong with that for Binance?

Bitcoin is an open-source project that can’t be shut down & enabled a new product. Binance is a centralized company that can be shut down and does not enable anything new."

He really wants to compare a Cryptocurrency with an exchange - a company? Doesn't make much sense. But let's see if he is right: Could Binance be shut down because it's a centralized entity? Sure, that could happen to Coinbase as well... But Binance can move and they've done that. To say Binance does not enable anything new is (again) total bs, since they come up with improvements and new releases at least each quarter.

d) "A bull case for Binance Coin requires you to either believe that Binance will continue to maintain or grow its centralized exchange market share, or successfully transition to a decentralized org and launch a DEX that becomes widely used."

Binance made about half a billion profit in 2018, a bloody bear market. Where might it be in a year like 2017? Billions, of course. And of course, additionally it's likely that their Binance-Chain and DEX will be widely used, 1) to issue new assets, 2) to trade them. The "additionally" is very important, because this guy seems to imply that it needs to be this (centralized) or that (decentralized) but Binance.com will stay centralized while BNB will be used additionally on Binance-Chain and the DEX. So.. what is he talking about?

e) "For the company to maintain market share, it needs to add fiat onramps & attract institutional investors. Their regulatory approach to date makes it difficult for them to work with banks & institutions, who generally prefer partners with expertise complying with existing regs"

Fiat? That guy is funny... This is from January:

Official Launch of Binance's EUR/GBP Fiat Exchange - Binance.je
https://support.binance.com/hc/en-us/articles/360022037951-Official-Launch-of-Binance-s-EUR-GBP-Fiat-Exchange-Binance-je

More about Binance & Fiat:

Upcoming Crypto Hub: Binance May Launch Fiat Platform In Argentina
https://www.newsbtc.com/2019/03/10/upcoming-crypto-hub-binance-fiat-platform-argentina/

Binance Now Lets Australians Buy Bitcoin With Cash at Over 1,300 Stores
https://www.coindesk.com/binance-launches-bitcoin-buying-at-over-1300-australian-stores

“#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].”
https://twitter.com/binance/status/1113631273551982592

Binance starts spreading its fiat-to-crypto wings
Binance, the largest exchange by traded volume, launched its second fiat-to-crypto exchange yesterday. The first launched in the African nation of Uganda last October and supported Ugandan shillings. But these launches are merely the start of the company's stated plan to have two fiat-to-crypto exchanges on every continent. The exchanges are built on Binance's technology but formed as a separate legal entity.
https://www.theblockcrypto.com/tiny/binance-starts-spreading-its-fiat-to-crypto-wings/


f) "If they are able to pull off Binance DEX and transition to a decentralized org, I may be proven wrong. But a DEX is a completely different product and investing at over $1B market cap BNB today for a product that doesn’t exist feels like a bad risk adjusted bet"

BNB is not only about the Binance-Chain and the DEX, to say that there is no product is total bullshit. And again: It doesn't need a transition to a DEX. The Binance-Chain and the DEX will be additionally... but even without it BNB would be a great asset.

So... again: What is he even talking about? Wouldn't call that an "analysis".

Btw, @Raja_MBZ - last time you tried this, BNB went about 100% right after...

Remember? ;-)
https://bitcointalksearch.org/topic/m.49680791

Interesting analysis:


Read more in this Twitter thread:

https://twitter.com/NTmoney/status/1113929659488411648

This year, I have a feeling that it will be listed in top 3.
We will replace XRP from it's current position now, BNB has more supporters and with the bull run, people might FOMO on this coin also.
Their being active in promotion makes them popular, and they get more popular as Binance Exchange is operating well.

How do you monitor the progress of the bnb platform? It seems to me that this project today is in a quandary, like many others. To possibly in the current state of the cryptocurrency market carries its own corrections among those projects that really will be important and in demand for society.

That's good to see new IEO already added to the binance launch pad but while at the same time i'm so sad to see there will be a lot of people can't join to the that IEO again. Is there an announcement about the new rules that already published by CZ?