Topic: Binance going down? - page 2. (Read 329 times)
If the news is real, then Binance will face huge damage due to server down. All transactions of cryptos will be interrupted, causing a lot of serious problems. And Binance is gradually losing confidence in the investors because of the recent explosion of cryptos, which is hugely damaging.
This is my first time of seeing this and it is surprising. I think the market is becoming more competitive, not just for crypto projects alone, but also for exchanges. It is good to see some exchanges surpass the biggest ones, even if it is for a while. Others are gradually coming up.
I did read somewhere that the fees in coinbene are given back in form of a native token to traders. It kind of mean zero fee trades. Hence, the high volume is justified by bots moving the price up and down. Even a small loss can result in a gain considering the rake back.
Source:
https://coingeek.com/bit-z-coinbene-see-trading-volumes-explode-new-fee-models/
Source:
https://coingeek.com/bit-z-coinbene-see-trading-volumes-explode-new-fee-models/
Binance is always king. Will check out what you said to be sure. But I doubt those two exchanges will overtake Binance
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/
Binance is and will remain a trusted and reliable exchange so it doesn't matter for me if they are 1st, 2nd of 20th.
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/
Even if binance goes down
If it goes down many will chose decentralized exchanges just like what Vitalik said about centralized exchanges. He's starting to influence people with his ideas so basically many will follow his thought and believe on what he says. And for exchanges and it's competitors, it doesn't matter whether the volume goes down for 24 hrs, they are also dependent so it only means that traders aren't confident with it because they have few coins to choose unlike others.
Even if binance goes down, many people will see it as scope for having a good future through invest in it.
No way coinbene is doing $2 billion, they're using a lot of trading bots to push fake volume. Binance is still king.
Even binance that claims to the king does some funny and silly act, and their trading bots taught them a very good lesson when 20 sys was bought for 96 BTC, Then they locked down withdrawal claiming that they were hacked lol.
Everything everywhere recently seems funny.
Lets all be smart, play along and dont be a victim.
Binance is #1 as always but it's a new trend now to make fake volumes on some exchanges to improve ranking on coinmarketcap's exchanges section, why?
That's an interesting post. but as much as I know CoinmarketCap is doing just fine in the market. Maybe this is some kind of FUD.
You're talking about exchanges that I don't think are very popular. In my opinion, the most interesting and important exchange is poloniex. Believe it or not, there are a lot of living people. Yes bots are on all exchanges and it is clear why. This is done for artificial manipulation of the price. in second place, I can allocate Bitrix and then Binance
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/
For me, Binance is still the best exchange in the world. So, whether Binance goes down like I will always use and support Binance exchange.Source : https://coinfrenzy.io/binance-trading-reported-low/
Everything is working fine for me, they said that they were carrying out maintenance and warned about this, but for some reason many people took it as something very strange, I think that you do not need to worry.
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/
Nope, in that day coinbene have a new model of trading fee: user will receive the 100% transactions with Coni, the native currency of them, based percentage of Coni that user have in one hour with with total of user's Coni., which attracts more trader to use their Exchange to buy and sell crypto Source : https://coinfrenzy.io/binance-trading-reported-low/
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/
In case there are someone who still believes in the volume of the exchanges, take a look at one of several articles and research that are in the network about the manipulation of volume in most cryptocurrencies https://cointelegraph.com/news/volumes-on-most-major-cryptocurrency-exchanges-are-fake-or-inflated-study
The market of Crypto currency is facing a problem now a day. From the beginning of the year, there is an existence of price declining. Up to now we are seeing that the prices of all the coins are slowing. So this is not a new thing that the Binance is getting low. But hope that the situation will change within a few months.
Coinbene wants to reach a certain height. It takes a lot of money. They issue a token named CONI. This is the first step in many junk exchanges. It will be the beginning of failure. Use BOT to increase false trading volume. The practice is stupid.
A great project requires core motivation. I believe they don't. It's a group of poorly motivated people who don't want to blindly participate in these projects. It doesn't make you rich, but it will let your wealth leave you. .
A great project requires core motivation. I believe they don't. It's a group of poorly motivated people who don't want to blindly participate in these projects. It doesn't make you rich, but it will let your wealth leave you. .
That might be a case for some moment in a day. But overall coinbene and bit-z are much less in daily volume than binance and other popular exchanges.
Currently the number one is OKEX, Followed by binance, huobi and bitfinex while bit-z is at 12 and coinbene is at 25.
Currently the number one is OKEX, Followed by binance, huobi and bitfinex while bit-z is at 12 and coinbene is at 25.
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