Topic: Binance Reign is nowhere near its end! (Read 6706 times)

Hi Did you do the Kamagames KGT bounty back in 2018?, If so I am buying KGT tokens. Telegram me @KGTbuyer if you have KGT.

That's certainly true, mate. Not even the most recent KYC hack, has affected Binance's trust among people in the mainstream world. It shows us that the exchange is resilient, capable of withstanding anything along the way. By complying with worldwide regulations, Binance exchange could gain an edge over its competitors in the long term. It has always delivered the latest features to the crypto industry, being one step ahead of other exchanges. Right now, Binance is the top crypto exchange of the world, followed by Bittrex and BitFinex. If competitors want to take down Binance's reign, then they would need to innovate in every way possible that would obtain massive adoption within the mainstream world.

Now that Binance has launched its DEX, along with its very own Blockchain, it could get the attention from businesses and startups looking to launch their own ICO (or IEO) tokens at the lowest price possible. For once, Ethereum was the #1 platform for ICOs but with the rise of other alternative platforms, that's not the case anymore. Binance's blockchain platform (Binance Chain) proves to be faster and cheaper than ETH and most other alternatives available on the market today. This will attract several crypto projects into Binance, greatly reducing ETH's market share. If this happens, then Binance will not only dominate crypto trading, but also IEOs and STOs.

Which is why, it's very unlikely that Binance's reign will end anytime soon. It's too big to fail, unlike no other crypto exchange in existence today. Perhaps, someday it could disappear from existence if something catastrophic occurs like a government crackdown or a massive hack where losses cannot be remediated. But it may take quite some time before this happens. Just my thoughts

Well, there would be always a hater no matter how good the platform is and we cant really avoid such thing.On my side, Binance platform do really give all when it comes to

trading activity and to their non-kyc 2 BTC limit per day is already a good feature for me.Sooner or later, hope this non-kyc thing wouldn't change specially now regulation is becoming stricter to these exchangers.

Binance cannot be easily destroy ,even the controversial kyc hack didnt made any impact to binance exchange, majority of crypto users trust binance , funds are always #safu

not a fan in way that they used other trading platforms ? or they think binance sucks because they didnt like some features or it is restricted on some some countries  ?   but i heard that binance supports alot of countries and binance costumers are satisfied based on the feedbacks that i read online  . im not a trader but if im not mistaken i did used binance one time  last year  , despite that , i still comend binance  .

i believe those who hated binance are only those who owns a different exchange and is a competitor of binance  .

Because not everyone is a fan of Binance, they also have their own exchange to promote and the downside of Binance is the upside of theirs.
In short, we call that competition, or in real life that would say " you can't please everyone".

A good thing Binance has relative to other crypto exchanges, is that it always complies with the latest regulations imposed by governments worldwide. Because of this, Binance is able to provide services to most customers worldwide. In contrast, some exchanges restrict their services to customers who live within countries that apply fierce regulations to the crypto sector (like the US). Which is why, Binance will always be the leader in this regard as it'll have the most users on its platform. Considering how big Binance has become ever since it launched back in 2017, it's seem very unlikely that it will fail anytime soon.

After all, its BNB token (also known as Binance Coin) has been doing pretty good within the crypto market. It's impressive that Binance Coin is among the top 10 cryptocurrencies in market cap, since it's only an exchange-based token. This shows us that there's a lot of demand for BNB especially because it's a utility token (whereas most cryptocurrencies are purely speculative). Binance's adoption of the latest technologies within the mainstream world will give it an edge over its competitors for a very long time. Excellent customer service, user-friendliness, and high liquidity are key features towards ensuring a cryptocurrency exchange's long-term success.

Nonetheless, Binance's reign may not be going anywhere right now. But it could fail in the future, due to many undesired situations such as a hack, a government crackdown, etc. Which is why, nothing lasts for a long time. Hopefully, Binance would continue delivering its services alongside other alternative crypto exchanges in order to maintain the high trading volume of the crypto market. Just my thoughts

These are the things I do see on which Binance have done they do really strive on getting its market into a certain country.They might face up some government issues but take a look on the example on what they have done in Bitcoin Jersey.

I don't know why people do really like to see Binance reputation or ranking to flop down.

That's certainly true, mate. Binance will dominate the crypto market within the not-so-distant future. It's already the best crypto exchange available within the mainstream world. Other giants like Coinbase and Bittrex won't be able to stand a chance against Binance. The world's most popular crypto exchange, provides traders with many perks via the use of its BNB token. With various trading pairs available, as well as, features like the DEX and discounted fees, Binance is much more attractive than other alternatives known today.

For this reason, it's hard to tell that its "reign" will end anytime soon. At least, we all know that nothing lasts forever. Back in 2013, Mt. Gox used to be the most prominent crypto exchange in the world. But it suddenly failed, negatively affecting cryptocurrency's prices across the market. The same thing might happen with Binance in the future as a result of a hack or any other undesired situation. If Binance fails, then rest assured that Mt. Gox events will be repeated again.

Nonetheless, Binance's quick growth in dominance shows us that it's very unlikely that it'll fail in the time being. Perhaps, in the future, it might fail and another exchange will take its place. Otherwise, it'll become the biggest exchange for many generations. Just my opinion

Binance is now dominating cryptocurrency market and I believe currently there is no one you asked about cryptocurrency exchanges that the first exchange they will mention is not binance. They are currently expanding into other countries that we thought they will never be able to go and a lot of innovation are been introduced daily. I strongly believe that binance is going to be the future of cryptocurrency exchanges platforms and its going to dominate the exchanges market the way bitcoin is dominating cryptocurrency market now.

Binance is one project that I have not really found much history of dump with as often as some coins do, seems most of its holders juts have very strong faithin Binance that it is a project they can rely on for years, and the more they  hold, the more they earn more profits, so they would stay with Binance project for as long as they can without them pulling their fund from the market, although they will not forever hold their investment in there, but with lots of strategies and products Binance has Put in place, I think Binance coin still has more increase to attain in future, so none of their believers or community would ever want to miss out of it because of impatience.

With Binance, investors have no rush to pull out their fund because it is safe with them for now. The investment that I have with Binance is strictly a 10 years investment.

That's true, they proven because they go hacked this year and the funds of the clients were all intact, hopefully they will continue to refill that funds so they will always remain operational even at a bigger hacks, for sure they also learn from that hack in the past and they are improving their system.

Innovation has been one of the focus of binance exchanges and that is why we see them leading. The progress binance has made so far is a sign that it has a good team and the team remains together and I will advise those exchanges breaking and creating forks up and down especially the dex to work together like binance team are doing in other to achieve great success in future. Binance has left many of the old exchanges behind in term of market capitalisation and volume. I have to transfer my trading account to binance because the exchange I am used has no volume to sustain the way I want to trade but binance has a lot of volume.

That's certainly true, mate. However, it seems very likely that Binance will become a monopoly within the future. Even now, it's starting to look like it as it's the leading crypto exchange worldwide. Its BNB token has its perks for hodlers, which has led Binance towards non-stop success. Other exchanges don't seem to have a token of their own which provides discounts to its hodlers (except for KuCoin exchange), which gives Binance quite an advantage.

As such, if Binance's reign continues to grow, then it could have a certain level of dominance within the crypto industry. Other competitors like OKEX and Coinbase won't be able to stand a chance against it. With a DEX and its own Blockchain, Binance will not only provide trading services but also smart contracts (via the BEP5 standard) and more.

Nonetheless, it's quite impressive to see how big Binance has become since it launched back in 2017. With only two years of inception, it has been able to gather a great level of trust among its users. Hence, it's reign might never come to an end as people will tend to trust it more than any other exchange known to date. Just my thoughts

One thing I love about Binance is the constant innovation, they are always searching for and innovating new things that would give more usecase to their token and additionally, they take security very seriously and has proven that all funds in the exchange is SAFU.

there are so many whales who support BINANCE and they think that this exchange will pull the cryptocurrency.
They want binance to be the foundation of all exchanges, that is why it is really strong now, even on the hacked prior, there were so many support drops.

I give kudos to CZ Binance, he understands the business and is always bringing out ideas to staying at the top and keep being relevant, he has much influence in crypto market than some others previously known. The Binace exchange is controlled very huge volume and this is as a result of the massive attraction the exchange has gathered in recent time, IEO's, Binance dex and Bnb coin,the innovations keep coming and that is the secret to remaining at the top

Binance are continually looking for ways to expand their presence unlike other exchanges. You see them hosting meet-up in different countries and a lot of other activities, charity and so on. I'm sure these have won them a lot of goodwill from people.

It was proven, some time ago there had been a case of hacking at binance, but the binance party handled it well, so that traders even did not seem to care about the incident, because after that happened, I saw trading activity did not decrease, everything looks the same.

Everything is relative. Binans rightfully earned a good reputation. In conditions of real competition, this exchange continues to surprise and delight both regular users and beginners. And the temporary difficulties associated with hacking will not affect their long-term success and rating.