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Topic: Binance deserves the first Position on CMC - page 6. (Read 1682 times)

member
Activity: 636
Merit: 11
Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.
i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors.  and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
This just made it more apparent that CMC was scamming its viewers by manipulating data.

And now binance lists itself at the top of the list on CMC which is owned by... binance.

Maybe they are right, maybe not, it doesn't matter anymore.

What really matters is, in this space I can't really depend on any data because now I know that most of the time it is manipulated bullshit.
 

Even if binance is good and I mean better than majority... (If not all the centralized exchanges)  out there, the fact that they now own and control cmc will always appear unsatisfactory to many people because they believe binance must have manipulated their way up, but from a more realistic point of view, other exchange don't provide the kind of services, supports, ideas, innovations and much more that binance provides to the crypto community,

Hate it or like it, binance deserves to be at the top, I don't see any other exchange who does what they do, going the extra mile to provide services, making exchange experience very simple, providing support for startups, conducting charity for the less previlage, given jobs to many people, creating easy access to buy and sell directly to your local bank account, and the list goes on,
If there was an external body to pass the verdict and rank exchanges according to their performance and service provided, surely binance will definitely take the top position imo.
legendary
Activity: 3108
Merit: 1029
I agree with you, just look at the price of their coins, namely BNB has increased more than 9000% since its release on the market.
Other exchanges such as Huobi, Okex and Coinbase also have a good reputation.
The BNB coin can't be used to determine the binance's position but it must be the liquidity of binance that can be used to determine the position of CMC.

The reputation is also an important thing too. How much already gained by BNB coin doesn't matter.

 



hero member
Activity: 1876
Merit: 721
Top Crypto Casino
Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.
full member
Activity: 1554
Merit: 101
I agree with you, just look at the price of their coins, namely BNB has increased more than 9000% since its release on the market.
Other exchanges such as Huobi, Okex and Coinbase also have a good reputation.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
It is always credible and safe if the ranking is from an independent enterprise not the one you fund and pay the salary of the moderators. Interestingly the exchange wasnt at this tip before they acquire the platform, although binance has its name on everyone's lips. I also believe such regular appraisal by self own platform in the cryptospace may not help in competition and development of the exchange. Other opinions of the website are liable to be bias for the sake of approval, which could discourage the reliance on the information on the website.
member
Activity: 119
Merit: 11
It does not matter which one is on top as long as these top exchanges are capable of bringing their services to what their investors/customers need and they are satisfied with it. And I think Binance has been on CMC's top list eve before CZ aquired CMC and still it remain its good reptation as the number 1 exchange today in cryptomarket.
That's right. I don't get it why people right now don't like Binance after the Binance's deal of taking over CMC. They are the best one before the deal so it isn't like Binance needs to manipulate CMC to hold the top 1 position.
full member
Activity: 480
Merit: 106
So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.
But after all, they are the only ones with the SAFU system and big enough to shelter the cost to pay back to the victim in case lost fund because of hacks. If it is inevitable to escape from being hacked or attacked then I rather stay at the exchange that at least has sort of insurance while they try to recover back my lost fund. Clearly, in this case, Binance was the only choice.
sr. member
Activity: 2030
Merit: 323
Who could challenge Binance, they have the volume, their coin is doing great and majority of traders have an account here, what they do and what they say have an impact in the market, and it's every coin's goal is to get in Binance, the wide is  very wide for the second and third spot, they get the big slice of the pie.
Even all the points that you have mention is not true with binance, still they may enjoy the top position coinmarketcap as they own it. From driving the traffic from coinmarketcap purposes alone they might have bough it, I believe strongly. I agree binance is good and most people here are holding account with them but I feel that is not enough thing to guide new visitors of coinmarketscap to sign in with their exchange. But, it is their business model and we cannot do anything about that.

In recent times binance made lots of changes into coinmarketcap and I guess this again will get them more visitors. Previously coinmarketcap was accused for manipulating exchange volumes and manipulating listing of coins with fake marketcap and many other such things. But, I guess the new management from binance will not go repeating them so that they retain the same reputation like binance.
member
Activity: 882
Merit: 13
It does not matter which one is on top as long as these top exchanges are capable of bringing their services to what their investors/customers need and they are satisfied with it. And I think Binance has been on CMC's top list eve before CZ aquired CMC and still it remain its good reptation as the number 1 exchange today in cryptomarket.
hero member
Activity: 2856
Merit: 674
So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.
Agree with that, I also believe that Binance is the number but we can't avoid that there are people who complain especially those coming from the competitors because no exchange site would say that they are the number 2 exchange, all of them would always say that they are the number 1 and since CMC was already acquired by Binance, they would always call the ranking bias.
hero member
Activity: 1778
Merit: 504
WorkAsPro
So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.
sr. member
Activity: 2030
Merit: 269
Who could challenge Binance, they have the volume, their coin is doing great and majority of traders have an account here, what they do and what they say have an impact in the market, and it's every coin's goal is to get in Binance, the wide is  very wide for the second and third spot, they get the big slice of the pie.
sr. member
Activity: 868
Merit: 251
Empowering crypto w/ sustainable energy
So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable
sr. member
Activity: 379
Merit: 250
Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
Those who are saying negatively about binance have come from the competitors. In fact binance has already taken the first place and there was not something that must be worried. As long as binance is still capable and it will always in the first place of CMC
Binance is an exchange I have been using for years, and until now it has been very profitable for me. For me, Binance is the second home because every day I go to this exchange to check the price of some coins or set the price to buy to trade. In addition, Binance is considered to be the largest liquid exchange in this market, and certainly you will not have any problems related to trading here.
hero member
Activity: 2856
Merit: 667
Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??


That's normal and Binance are aware about that before they acquire the exchange, however, they still continue to acquire because they believe that majority of traders and investors believe on them, so they still own their good reputation.

Actually, Binance was already one of the best exchange in the market before they acquire CMC, so it doesn't matter, it's not a big thing as even if we ask people about that, I'm sure many will say that Binance deserved the number 1. The fact that they grow the project to this big now, investors are happy with that already and in every successful company, there's always haters.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
Those who are saying negatively about binance have come from the competitors. In fact binance has already taken the first place and there was not something that must be worried. As long as binance is still capable and it will always in the first place of CMC
sr. member
Activity: 518
Merit: 256
Living the truth....
Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
Agree, some people still don't like CZ and often FUD because they don't want CZ to make money in this market. But ignore it and look at Binance exchange, they are working very professionally and never letting users down.
full member
Activity: 476
Merit: 103
homt.net
Even i think same binance is one of the best crypto exchange in crypto currency world . they had lots of barriers they moved out of china and again hacking happened in hteir exchange ( May be their strategy to dump binance token before blockchain introduction) but any how binance is always the best platform . They seriously concern about their customers . Still i am fear about this exchange price manipulation .
member
Activity: 252
Merit: 29
Sovryn - Brings DeFi to Bitcoin
Haters gonna hate mate, binance is doing so well but many still don't like CZ, simply because he is making money, seriously why are people complaining about this? It's stupid envy, developers aren't this hard working today and that's a thing with new developers, they are lazy ass
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