This is a very valid point for the long term. It's like capturing the whole crypto market and controling it. I also think it's dangerous z for now it might be helpful but lateron its dangerous. At the end of the day I hope we will have the freedom we thought we will have. Let's keep watching.
It caused by this is a potential market that still has a lot of room to grow. As far as i know, if binance has a lot of resources to do that. In my opinion, the current step that has already taken by binance to acquire the CMC is also a big move to spread the binance service widely. Binance is wanna trying to monopoly crypto. 
Topic: Binance is Becoming a Crypto Monopoly - page 3. (Read 2120 times)
This is a very valid point for the long term. It's like capturing the whole crypto market and controling it. I also think it's dangerous z for now it might be helpful but lateron its dangerous. At the end of the day I hope we will have the freedom we thought we will have. Let's keep watching.
It caused by this is a potential market that still has a lot of room to grow. As far as i know, if binance has a lot of resources to do that. In my opinion, the current step that has already taken by binance to acquire the CMC is also a big move to spread the binance service widely. Binance is wanna trying to monopoly crypto. 
Binance CEO isn't free from personal bias and ego as we have seen in the past. We can't really rely on him to make the best decisions at all times, but of a truth Binance is wielding more power in crypto than necessary.
Yeah, CZ has blocked the CEO of the Okex exchange after the offered help of the second-mentioned. The Binance exchange is a threat for centralization at one point and the Binance team should think twice before buying every sector in the crypto industry. legendary
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It was a surprise when I saw the announcement on coinmarketcap after quite sometime of not visiting that site. Reading through your OP, I think the aim/plans of Cz is quite obvious, he wants to take control over the industry. Well if you ask me I'll say he is been backed secretly by the Chinese government. China is very well interested in the cryptocurrency industry but don't want to show their full support until they have secretly taken control over the industry to prevent the US from having a share in what the future holds for the technology.
China is very interested in overtaking US for world power and if the future will revolves round the blockchain industry then the safest bet right now would be to dominate that industry and that's exactly what they're doing although for now individually.
China is very interested in overtaking US for world power and if the future will revolves round the blockchain industry then the safest bet right now would be to dominate that industry and that's exactly what they're doing although for now individually.
Binance CEO isn't free from personal bias and ego as we have seen in the past. We can't really rely on him to make the best decisions at all times, but of a truth Binance is wielding more power in crypto than necessary.
You are right, Binance environment and community is growing every year. I think that it`s not bad for crypto sphere that such corporations appear in cryptocurrency world. One problem is that there are few such companies. I know only Binance and Kucoin, hope that companies like this will be positively influence on all cryptocurrency
This is a very valid point for the long term. It's like capturing the whole crypto market and controling it. I also think it's dangerous z for now it might be helpful but lateron its dangerous. At the end of the day I hope we will have the freedom we thought we will have. Let's keep watching.
It's really scary having one man dominate a space the way CZ has done so far. If anything happens to Binance any day from now, it will affect the entire cryptocurrency space and give negative feedback but so far he's trying to have an upper hand which will entail dictating what happens in cryptocurrency space.
CMC will be shaped, guided, directed and stripped of data by Binance.
Then this is the time to be wise and we no longer should rely on coinmarketcap.There is another cryptocurrency data/statistic source like coingecko which is pretty decent and even it provides more data than coinmarketcap.
Sometimes, the threat of monopoly arises because there are no competitors. But in this case, the competitor is already there and now it is in the hands of the user whether the monopoly will actually happen or not.
And if we start using Coingecko earlier, this will help the site get a good ranking on the Google search engine. And then people will prefer to use this site.
though their intentions maybe good, but you really cant remove the idea that they have some suspicious agenda here. they should have thought what people might think about this cmc acquisition. how can they counter the bias intent here? hiring a known third party auditor???
The intention is to make profits as with any business but they aren't Bitfinex or Tether and still have a long way to go to get any of that marketshare but being an exchange that is not too strict on compliance is admirable for decentralization in this space
Monopoly? They're likely here to just outright control the majority of information sources available to new comers and steer them in their own direction which is smart business sense just most newbies do not know what they are getting themselves into, so if there's an educative introductory program available on the ins and outs of cryptocurrencies for new investors that might help if that's not in place already
CMC will be shaped, guided, directed and stripped of data by Binance.
Then this is the time to be wise and we no longer should rely on coinmarketcap.There is another cryptocurrency data/statistic source like coingecko which is pretty decent and even it provides more data than coinmarketcap.
Sometimes, the threat of monopoly arises because there are no competitors. But in this case, the competitor is already there and now it is in the hands of the user whether the monopoly will actually happen or not.
And if we start using Coingecko earlier, this will help the site get a good ranking on the Google search engine. And then people will prefer to use this site.
though their intentions maybe good, but you really cant remove the idea that they have some suspicious agenda here. they should have thought what people might think about this cmc acquisition. how can they counter the bias intent here? hiring a known third party auditor???
Seriously I just took time to go through it and you are not far from the truth, and with recent happenings, it is becoming more clear; this year alone has shown the true colour of what they are trying to achieve. There is no doubt, Binance is a very good exchange that keeps advancing but trying to takeover or rather becoming a crypto monopoly just like you analysed (which is of course true) is not good for anyone in this space. With CMC alone, everything will change and of course will be for their own profit, therefore I think it's time to start getting acquainted with coingecko before it gets out of hand and at least to an extent reducing their monopoly.
CMC will be shaped, guided, directed and stripped of data by Binance.
Then this is the time to be wise and we no longer should rely on coinmarketcap.There is another cryptocurrency data/statistic source like coingecko which is pretty decent and even it provides more data than coinmarketcap.
Sometimes, the threat of monopoly arises because there are no competitors. But in this case, the competitor is already there and now it is in the hands of the user whether the monopoly will actually happen or not.
And if we start using Coingecko earlier, this will help the site get a good ranking on the Google search engine. And then people will prefer to use this site.
Am surprised to see this thread started a year ago, then I considered the space ambitious but now the exchange look like a threat to the space especially other exchanges and altcoins. I expect a reaction from other crypto force against acquisition except the CZ is not the owner of the exchange as some people rumored. He could be a name behind all this projects, and some funded by strong and wealthy hands around the world.
No matter how much they try to hide the fact, the links that the Binance promoters have in China will surface eventually. And with the Western nations going after Chinese companies such as Huawei with all their might, it will be quite foolish to believe that they will grant an exemption to Binance. They need to plan for any hostile action from the Western governments, in the near future.
Binance is owning all that makes crypto interesting. CMC will definitely change, I feel it could be better though because right now its the worse. But it may not be listing something that competes binance's pet. Its payback time for the Chinese exchange to be listed though. There's been been just few that is listed.
I have no worries about everything binance is doing since 2019 now, no one is doing it and binance is taking the giant step, someone have to do this and stand up right for crypto sake and keep the technology alive, either manipulations or not bitcoin still stands decentralized and other coins too, the power that binance have or will have will end in centralized boundary
Binance is becoming the most influencer company in the crypto world. I am afraid that by gaining so much power they will manipulate the market with the resource they have. They own CMC now too. I think what makes this exchange very popular is its active support system and very fast and good service for every kind of user. I think a centralized company in the crypto world should not get that much dominance.
Binance is constantly working on expanding their trading functionality and improving the security system so that their users can feel most comfortable. They raised the level of service among cryptoexchanges to a new level and now they deserve to lead in the number of active users. I cannot call them monopolists, because they are leading in an absolutely honest and competitive struggle in the crypto market and other exchanges should raise their quality of services in order to match the level that binance has set .
This is true, at the moment BNB is really dominant, but I don’t think that monopolization is possible, all this will stop at one moment, as more and more new exchanges appear, that is, more competition, and anyway, better, faster, and convenient solution.
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