Topic: Binance going down? (Read 329 times)
Binance is still pretty much king in terms of volume. In case you've not noticed, Coinbene has been outed and their volume has shrunk back to normal. What concerns me is the new Fcoin exchange that has been buzzing all of major crypto communities. Coinmarketcap.com records that Fcoin exchange has somewhere around $7B worth in trade volumes. That's like 7x greater than Binance's $1B. Binance closest rival for now is Okex.
Market competition is always good as it pushes the limit of company to provide its user better options. I think there should be no problem if Binance is stepped to 2nd or 3rd number with respect to trade volume as with the passage of time better companies will always come to overtake you if you don't provide better facilities. Binance may come to top again if they are able to attract more users.
There's a lot of fake volume for sure. Same goes for CoinEx. There's loads of volume due to their token tho - CoinEx Token, it went quite on a bull run a few days back, but the volume keeps increasing.
I think this doesn't matter that Binance is going down - maybe they decided to not to cheat the real trading volumes opposite to those exchanges that were in this article. Because I think Binance is still the best exchange both for whales and average traders
I think the down or rising volume in the market is reasonable. and if looking from the market binance itself I think just down temporarily. will be back up again
Coinbene, a Singapore-based exchange which recorded over $2bn of trading volume in the last 24 hours, and the Hong Kong-based exchange Bit-Z with a trading volume of over $1bn, have exceeded Binance with respect to the 24hr trading volume of just over $800m, according to CoinMarketCap.
Source : https://coinfrenzy.io/binance-trading-reported-low/
Source : https://coinfrenzy.io/binance-trading-reported-low/
I think that Binance now offers some of the best services in this market. With minimal commissions and convenient interface, it is difficult for anyone to compete with him. The recent drop in volumes is most likely due to the general downturn of the market.
Right now: yes. Many fud about binance and they hacked many times. But as i see, BNB token didnt go down much and still stable, maybe other exchange use fake vol
I still prefer to trade on Binance because of its ease of use and low transaction fees.
I don't think that is genuine volume, but they came a long way. If more money is put into crypto, most is bound to come from Asia. In the near future we'll have several more exchanges, all wanting a piece of the pie 
. I don't think Binance will keep this traffic up for years to come, but for now they are the biggest by far.
. I don't think Binance will keep this traffic up for years to come, but for now they are the biggest by far.
This is not true. According to statistics on CMC, Binance is still more than Coinbene and Bit-z.
I've heard that some exchanges cheat by increasing their trading volumes for the sake of ratings. I think that Binance a real leader in trading volumes.
BINANCE can not beat them, because on Binance there are no bots to bid!
Just a small hiccup doesn't mean Binance is going to all of a sudden fall. It's always been reliable and quick, same as Bittrex. New competitors will rise but I don't see these proven exchanges going anywhere as their volume and trades probably bring in a ton of profit despite the decrease in volume.
They will always competition in this market, and if binance not improve their current system for sure they fall behind but of course it will not die. Binance is still a good exchange, there might be a hype on that new exchange and we will see in the coming months if those exchanges able to sustain that momentum. 
Just a small hiccup doesn't mean Binance is going to all of a sudden fall. It's always been reliable and quick, same as Bittrex. New competitors will rise but I don't see these proven exchanges going anywhere as their volume and trades probably bring in a ton of profit despite the decrease in volume.
I still trade on Binance and I think it's over and Binance will know how to attract investors back. The fierce competition between the exchanges will be stronger as more and more new exchanges emerge with good and effective strategies to bring about the experience and attract investors. 
Binance is always king. Will check out what you said to be sure. But I doubt those two exchanges will overtake Binance
Market is Volatile, anything can happened at any given time, base on the market preview, some Coins are moving up slowly yet some coins are on the down stream price value on the market trading. Just look at the market status now, Bitcoin remains stable as posted on the market, while Benance is on the down stream. For me, it is always dependent on the trend, market structure, the behavior of investors, the level of confidence to the specific coin posted on the trading market. all of this can somehow affects the market price.
Coinbene, a Singapore-based exchange which recorded over $2bn of trading volume in the last 24 hours, and the Hong Kong-based exchange Bit-Z with a trading volume of over $1bn, have exceeded Binance with respect to the 24hr trading volume of just over $800m, according to CoinMarketCap.
Source : https://coinfrenzy.io/binance-trading-reported-low/
The title of your thread is misleading, i thought that Binance is going to be shut down. With the launching of Coinbene and Bit-Z, i think it is favorable to the community since there would be competition on exchanges and this would result on the improvement of their services.Source : https://coinfrenzy.io/binance-trading-reported-low/
This may be temporary. Sometimes it depends on the trading activities of a particular listed coin or token in an exchange. Before we can categorically conclude that Binance is going down, I think we should observe the trading volumes for at least 7 consecutive days. 24hrs is not enough for us to make our conclusion.
Just a small hiccup doesn't mean Binance is going to all of a sudden fall. It's always been reliable and quick, same as Bittrex. New competitors will rise but I don't see these proven exchanges going anywhere as their volume and trades probably bring in a ton of profit despite the decrease in volume.
oh and it turns out Binance is still king for now, I do not see huge volumes in coinbene, Binance is still the best and best for now, being a confidence in successful users in trading, there will not be a very sharp decline, with no negative news about Binance not a big deal to deal with, very quick to solve the problem to be the best.
I read a lot that there is too much problem going on on Binance like there's a lot of missing coins in their wallet without transfer record and many more but I believe Binance group is doing something to fix this problem...
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