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Topic: Binance: Time For A New Market Leader ? (Read 948 times)

full member
Activity: 700
Merit: 101
BBOD Trading Platform
July 23, 2019, 03:52:04 AM
I think that binance exchanges have become kings of other exchanges, you can see from how and when the binance platform is created only takes very little time where binance exchanges can become kings of all exchange places.
Binance Exchange has indeed become the king of existing exchangers.
Binance Exchange has gained very strong trust from traders who believe that their assets will be very safe to trade there.
sr. member
Activity: 1189
Merit: 251
I think that binance exchanges have become kings of other exchanges, you can see from how and when the binance platform is created only takes very little time where binance exchanges can become kings of all exchange places.
full member
Activity: 680
Merit: 103
Binance is definitely the true market leader the only exchange which provide transparency and decentralized solution in crypto currency that too high volume in daily trading and with margin trading we can see huge volume in trading

Binance exchange is a leader, no doubt. As for BNB, the coin, it seems to take the leading position very soon. There are many experts in the crypto world, who believe that Binance Coin will replace Bitcoin.

However, I doubt that it will happen. This token was released to support the activity of the platform, and it differs a lot from BTC which still stays the most decentralized crypto. Bitcoin leadership is evident.
full member
Activity: 1134
Merit: 102
All exchange has flaws none can be regarded as 100%, binance is not an exception of those flaws but at least they know how to serve their customer better, probably playing the game much better than the rest, before it was polo, kraken, bittrex..... but not any more, the market is open for competition any exchange that thinks they have what it takes to be at the top should bring it. 

You remind me of Polo, an exchange that used to have the largest volume in the middle of 2017. But I see they don't take that opportunity to grow more, and Bittrex is same.
and now traders' growth and trust are turning to binance. it is not impossible that there will be exchanges that become competitors even better with better features and make traders comfortable there.

It is gaining trust because they bother about their customers and their issues. Most of the exchanges are not bothering about their community issues and this makes them to lose hopes in particular exchange. Based on this Binance is gaining more trust from the people and has already become a market leader.
legendary
Activity: 2338
Merit: 1124
you cannot judge a person in only one mistake.. CZ did an amazing job for his exchange.. binance and bnb is still stable even there is a hacking incident.. user's are growing as well

Do you believe this hacking thing is really happened? I really not sure and accept that hacking has been done by some other people. If such hacking incident happened and Binance lost big funds meansthey will never go for creating their Dex exchange after it.

We need to understand Binancs is one of the centralised cryptocurrency which is more volatile than the other top cryptocurrencies in the market list
Before you think the unthinkable, first thing you need to ask is why Binance would really broadcast what does not happen when they know that it could really work against them real hard. No matter how strong they think they are, that event that occurred is still a stigma that will stick with them for the rest of their life, look at how people has already listed them as exchanges that has once been hacked and cannot be trusted for security reasons.

So, please tell me, on what ground would they come up with such issue without it happening. If they are creating a DEX exchange, is it still not one of the reason of security that made them do so, because we all know that DEX is still the most secured exchange and the best. So the hacking really happened and thank God it was quickly curtailed.
member
Activity: 553
Merit: 11
Binance is now exchanged with very large volumes. So the exchange becomes a role model to compare the price increase of the coin from another exchange. The future of Binance is very good and if the price of Bitcoin being able to climb will certainly give a positive impact. And will make Binance coin price continue to grow.
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Hacked news about Binance did not affect the market and not effect to the platform too.  Binance still be the best crypto exchange platform.

thats the excess from binance,
binance always give their customers the best service
and thats make binance always become the top marketplace in this industry my friend


Do you think Binance will be the top exchange after 12-18 months?
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
After a long period formed in the market under the ingenious leadership of CZ, Binance became the largest Exchange in the cryptocurrency market. This is really huge success that Binance has done. I think the development of Binance will not stop here and in the future what can happen, BNB coin is a very good investment option.
member
Activity: 685
Merit: 14
you cannot judge a person in only one mistake.. CZ did an amazing job for his exchange.. binance and bnb is still stable even there is a hacking incident.. user's are growing as well

Do you believe this hacking thing is really happened? I really not sure and accept that hacking has been done by some other people. If such hacking incident happened and Binance lost big funds meansthey will never go for creating their Dex exchange after it.

We need to understand Binancs is one of the centralised cryptocurrency which is more volatile than the other top cryptocurrencies in the market list
full member
Activity: 1316
Merit: 108
Practice shows that not one cryptocurrency can not linger in its price at the same level for a long time.  Of course, if this does not apply to a stable coin, although BNB is not.  I think that today we should be more attentive to Binance, because certain reasons may lead to lower prices for BNB.
member
Activity: 700
Merit: 12
you cannot judge a person in only one mistake.. CZ did an amazing job for his exchange.. binance and bnb is still stable even there is a hacking incident.. user's are growing as well
member
Activity: 361
Merit: 10
kingcasino.io
Well, Binance still account for most of the trading volume especially altcoins
They are doing kinda great, aside from exchanges, they also provide academy which is in fact a really great section
Then now they have margin trading, soon we will have margin lending in my opinion

They are doing this one stop crypto solution as their goal i guess
when binance is still making updates from the platform to make it comfortable from the traders there it will be good. can be a way to maintain the community. indeed, the exchange should be like that, many events and updates, it makes the exchange last.
hero member
Activity: 2926
Merit: 722
https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

Now that the once unthinkable has actually happened, Binance has been hacked to the tune of 7000 BTC (estimated $41 million in currency today), how will this affect the brand name that came from nowhere to become the market leader?

Will another name, maybe an existing reputable exchange top spot or maybe a start-up will? Maybe Binance will not be affected by the negative press.

What do you think the future holds for Binance?

Actually, Binance was not effected at all, because they have followed a great strategy. From the very beginning, they said, yes we were hacked, but no worries, we will improve ourselves, all funds are being restored and we are going back to normal schedule. Users were pretty pleased to hear that and as far as I know there was no big negative hype wave against Binance or something like that.
Agree,they do retain their reputation not just like on what happened to Polo and Bittrex where they dropped their rankings after facing some issues.
Binance do somehow able to divert that negative impression or views after the hack by that SAFU solution.Nothing been affected when it comes to users funds
which I do believe the best thing that they have done into those situation and now we are seeing they are still on the top.
full member
Activity: 854
Merit: 101
Polkadog - Multi-Chain Defi Meme
All exchange has flaws none can be regarded as 100%, binance is not an exception of those flaws but at least they know how to serve their customer better, probably playing the game much better than the rest, before it was polo, kraken, bittrex..... but not any more, the market is open for competition any exchange that thinks they have what it takes to be at the top should bring it. 

You remind me of Polo, an exchange that used to have the largest volume in the middle of 2017. But I see they don't take that opportunity to grow more, and Bittrex is same.
and now traders' growth and trust are turning to binance. it is not impossible that there will be exchanges that become competitors even better with better features and make traders comfortable there.
hero member
Activity: 1568
Merit: 511
Well, Binance still account for most of the trading volume especially altcoins
They are doing kinda great, aside from exchanges, they also provide academy which is in fact a really great section
Then now they have margin trading, soon we will have margin lending in my opinion

They are doing this one stop crypto solution as their goal i guess
hero member
Activity: 882
Merit: 500
All exchange has flaws none can be regarded as 100%, binance is not an exception of those flaws but at least they know how to serve their customer better, probably playing the game much better than the rest, before it was polo, kraken, bittrex..... but not any more, the market is open for competition any exchange that thinks they have what it takes to be at the top should bring it. 

You remind me of Polo, an exchange that used to have the largest volume in the middle of 2017. But I see they don't take that opportunity to grow more, and Bittrex is same.
copper member
Activity: 490
Merit: 2
https://binance.zendesk.com/hc/en-us/articles/360028031711-Binance-Security-Breach-Update

Now that the once unthinkable has actually happened, Binance has been hacked to the tune of 7000 BTC (estimated $41 million in currency today), how will this affect the brand name that came from nowhere to become the market leader?

Will another name, maybe an existing reputable exchange top spot or maybe a start-up will? Maybe Binance will not be affected by the negative press.

What do you think the future holds for Binance?

Actually, Binance was not effected at all, because they have followed a great strategy. From the very beginning, they said, yes we were hacked, but no worries, we will improve ourselves, all funds are being restored and we are going back to normal schedule. Users were pretty pleased to hear that and as far as I know there was no big negative hype wave against Binance or something like that.
sr. member
Activity: 1036
Merit: 252
Dolphins Finance TRUSTED FINANCE
Hacked news about Binance did not affect the market and not effect to the platform too.  Binance still be the best crypto exchange platform.

thats the excess from binance,
binance always give their customers the best service
and thats make binance always become the top marketplace in this industry my friend
hero member
Activity: 2562
Merit: 577
All exchange has flaws none can be regarded as 100%, binance is not an exception of those flaws but at least they know how to serve their customer better, probably playing the game much better than the rest, before it was polo, kraken, bittrex..... but not any more, the market is open for competition any exchange that thinks they have what it takes to be at the top should bring it. 
legendary
Activity: 2534
Merit: 1713
Top Crypto Casino
Possibly one more hack will surely make them go low, but in the present scenario they have come up with their own reserve to keep the users without getting affected of loss. This could've never been possible with other leading exchanges. Anymore they'll make further developments to keep the security systems more effective with advanced security tools.


Seems they have understood that if they get hacked again they will lose many users so they must be focusing on security.

Binance is holding too many coins from people that do not want to download and sync blockchains for every coin they have. That is the biggest reason people target exchanges.
Ye, it's a big mistake. But Binance is full of such traders that don't want to hold in the cold storage because it's impossible. I'm afraid MtGox recurrence only. Holdings 'as is' not bad. But with too much pseudo traders it can become dangerous

The world of MTGox was very different than it is now. I dont think something similar would happen with binance as everything has matured since then. There will always be risks, but something of the likes of MRGox wont happen again.

Yes the days of MtGox are gone but when other exchanges go the same way such as Cryptopia and others then people rightly still worry.

Maybe Binance will not go that way but the hack exposes flaws in Binance and serves a reminder to us all that crypto on any exchange will never be fully safe and secure.

I hope other exchanges step up and show others t hat they can compete with Binance and not allow Binance to dominate so easily.
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