No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
Topic: Binance trading activity is 13x larger than any other exchange (Read 451 times)
October 09, 2022, 12:04:27 PM
No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
They are the first exhange too that offers there own utility token to lower trading fees that gives a huge benefit to there user and also they are the one who introduced a bunch of giveaways and tournaments with huge rewards to encourage there users to trade since they are returning part of there profit to there user. They are the first exchange who cares a lot to there customers so they deserve the popularity they have right now. Other shit exchange like Binance has zero tolerance and consideration to reward there user which is the reason why they left behind by Binance despite they are the first exchange who got the spotlight.
October 09, 2022, 11:51:06 AM
No doubt more than 80% of the people will say their favourite exchange is Binance.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
It’s all due to the way Binance has respected his traders.
Binance had also made trading easy and all thanks to it’s cool yet easy interface.
Now they are present in the market for more than many years, so definitely when a newbie wants to join any trading platform, they will go for Binance.
This is also for the reason for which binance has the highest trading activity then any other exchange.
They are the first exhange too that offers there own utility token to lower trading fees that gives a huge benefit to there user and also they are the one who introduced a bunch of giveaways and tournaments with huge rewards to encourage there users to trade since they are returning part of there profit to there user. They are the first exchange who cares a lot to there customers so they deserve the popularity they have right now. Other shit exchange like Binance has zero tolerance and consideration to reward there user which is the reason why they left behind by Binance despite they are the first exchange who got the spotlight.
October 09, 2022, 11:15:01 AM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
Everyone knows that Bitcoin price goes up and down. High volume means there might be someone accumulating and trying to hold an average price. Binance provides the best services to their traders, traders get enough liquidity to open and close trades. Bitcoin is not only in binance but in all crypto exchanges. So for the price of bitcoin to be determined it is not only dependent on binance.
It's true that bitcoin exchange is not just binance. But if we look back in 2017 maybe all bitcoin exchanges will follow the prices of bitstamp and bitfinex, at that time binance was still new and not as popular as it is now. But what is surprising is that in 1 year binance was able to shift the two largest exchanges mentioned above and now has surpassed it in terms of features, services, products, to daily volume. So now binance is the leader of the worldwide exchange and the price of bitcoin is in their hands.
October 06, 2022, 03:54:41 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
Everyone knows that Bitcoin price goes up and down. High volume means there might be someone accumulating and trying to hold an average price. Binance provides the best services to their traders, traders get enough liquidity to open and close trades. Bitcoin is not only in binance but in all crypto exchanges. So for the price of bitcoin to be determined it is not only dependent on binance.
October 06, 2022, 12:06:21 PM
It seems like Binance API is used by various copy trading platforms. Something I'm exploring now in a project for my personal portfolio. See thread here: https://bitcointalksearch.org/topic/copy-trading-robo-investing-platforms-5415932
There is value in watching what successful traders are doing on Binance, but I'm not keen to execute my trades on the platform given KYC/AML bs
There is value in watching what successful traders are doing on Binance, but I'm not keen to execute my trades on the platform given KYC/AML bs
October 06, 2022, 07:14:31 AM
It is still the most popular exchange as of today, even for Filipinos like me. No matter if it’s spot, futures, P2P, etc., the trading volume was impressive and high. But of course, we cannot underestimate other exchanges though like OKX, KuCoin, Huobi, Gate and countless others.
For arbitraging purposes, these ones can be useful for potential profit minus the trading and withdrawal fees.
For arbitraging purposes, these ones can be useful for potential profit minus the trading and withdrawal fees.
October 06, 2022, 03:47:34 AM
There are many options depending on your country and the amount of data you are willing to share. For example, Binance may be the best option if you can verify your identity, understand the fundamentals of trading, and have a sufficient balance. However, it is not the best option for order execution speed or no withdrawal limits. In general, all data is susceptible to manipulation unless there is an impartial third to accurately measure trading volumes.
October 05, 2022, 12:03:24 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
I do not think there is too much of a reason to be confused about this, bitcoin is now a very big asset which can manage that kind of volume, in fact the higher the volume of the asset the harder it is to move, just take a look at shitcoins, their volume is very low and their volatility is quite high so it is natural that we are seeing the opposite effect on bitcoin, also its volume is that high because there are a lot of traders using leverage and this artificially increases the volume that we see in bitcoin every day.Yes I understand what you are saying, but for me the volume can widen the gap between $1k to $5k from the current bitcoin price. If we go back in 2021 to a bull market we would know that $5 billion in volume was not small, it should have moved the price further than it is now.
October 04, 2022, 02:19:46 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
I do not think there is too much of a reason to be confused about this, bitcoin is now a very big asset which can manage that kind of volume, in fact the higher the volume of the asset the harder it is to move, just take a look at shitcoins, their volume is very low and their volatility is quite high so it is natural that we are seeing the opposite effect on bitcoin, also its volume is that high because there are a lot of traders using leverage and this artificially increases the volume that we see in bitcoin every day. October 01, 2022, 02:44:05 PM
I've been monitoring it for the last few weeks and its daily volume can reach $5 billion to $8 billion in a day. But what makes me confused is that bitcoin prices tend to be stable during that time. And it seems that there is only a pump and dump in the 1K usd difference for a day.
October 01, 2022, 01:01:10 PM
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Re: Binance trading activity is 13x larger than any other exchange
On your link, it says it's larger than the 13 biggest exchanges combined. I know binance is a big exchange but isn't it too exaggerated already? I think the combined volume of 2 or 3 big exchanges is already equal or more than the trading volume in binance. They are only hyping binance there but no matter what they say there are still people that prefers to trade on other exchanges. Even your friends already prove that. That is because binance doesn't have it all.In my case, I too use a non mainstream exchange whenever I do a short trade. The reason is they have lesser fees and lower minimum limits. Trades are also faster, I mean there's no sign up needed.
October 01, 2022, 05:37:15 AM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
You see, others gave their opinions on my comment. Because Binance has low fees on trading pair or you, saying they're at the top cause they the top, famous because famous, that kind of thing I understand.
But all of you guys have to understand how Binance becomes the #1, the biggest fish out there? Remember Kraken? Bittrex? Poloniex? Why are none of them now at the #1, behind Binance despite they being from the old camp, well-established way before Binance start their business?
Even with the mandatory KYC, people still flock to Binance? Cause I said the fake trading volume and washout trade are the biggest concerns for traders and Binance knew this very well. They opt for their business along it and success, other things are just minor boosts.
September 30, 2022, 04:51:51 PM
Trading on Binance is good. But know that you will have to be fully verified in a way your identity document would be requested for. Which means KYC is mandatory.
Regarding KYC, I think some exchanges do that for security. In addition to regulation as well, because I believe exchanges also have risks from rules in a government. The most important thing is that they take good care of the document. Although we don't know it for sure. Actually, this will offer both strengths and weaknesses. We know that local exchanges in a certain country should be centralized under the regulation of the government, if they are not related by the government, they will be blocked and cannot operate in the country. But Binance, they are global exchange and they have larger users and communities. But, they also have some reasons why should be any KYC after so long time not existing. Well, because of this, many people feel disappointed. But once more, this KYC process offers both positive and negative sides. But we also don't know if the document for KYC is exactly secure or not. We may have worries about our document for KYC, there are many types of information that there is no guarantee 100% that our data will be safe 100%, never. There will be always certain ways to make it not secure. But hopefully Binance will really give their best to secure the data and fulfill the people's expectations. Because we all know that Binance is exactly an amazing exchange platform.
September 30, 2022, 03:17:32 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
September 28, 2022, 02:14:34 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
This is just a question about first and second, when we consider third and fourth and all others, it's clear that being first means being the best most of the time and the main place people go to. Of course they weren't first at the start, and in order to get there they used both cheap trading fee, but also affiliate income as well, which gave them a huge boost at early days.
September 27, 2022, 04:42:18 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is that simple, over the years binance has done a good job at gaining the trust of their customers, and while it is obvious their operation is not perfect their clients trust them as they make an effort to present real numbers when it comes to their volume, now this may not seem to be such a huge deal but we must not forget that just a few years ago this was completely out of control and while it is still a problem now it does not seem as bad as it was back then.Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
i never had problem with binance when it comes to trading or even putting some of my coins to savings. now, if you are questioning about wash trading in binance, it may be true to some coins, but i believe, the people behind it are their respective developers themselves, not the binance team themselves. anyway, what we can say is, if you use binance, i don't think you will encounter issues that will stop you from using this trading platform. their p2p is also very helpful to many as they convert crypto to their fiat currency.
September 27, 2022, 03:07:03 PM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is that simple, over the years binance has done a good job at gaining the trust of their customers, and while it is obvious their operation is not perfect their clients trust them as they make an effort to present real numbers when it comes to their volume, now this may not seem to be such a huge deal but we must not forget that just a few years ago this was completely out of control and while it is still a problem now it does not seem as bad as it was back then. Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
September 27, 2022, 05:45:56 AM
I think the main contributor to Binance had a huge lead in the trading volume over all other exchanges thanks to their main adamant about fake trading volume and washout trade. Binance has expressed many times they'll do anything to curb stomp things like that.
The amazing increasing trade volume on Binance is from their wise strategy to give away trading fee. With 0% trading fee, users have more reasons to trade and when they fall into the trap, trading volume increases organically and sustainably.This increase recent months is also supported by recover of Bitcoin and crypto market in general. With less fear, people go trading more.
Quote
Couple with the mandatory KYC, you'd have pretty effective ways to reduce fake trading volume and washout trade. This makes their trading volume more credible to any other exchanges. Traders flock to Binance because of its credibility and reputation, and it'll keep increasing just like that.
It is not related to mandatory KYC I think so. It is about whether exchanges are against it or not. Even they accept bot tradings, washout volume and fake volume are more related to exchanges themselves, not only traders. September 27, 2022, 04:20:27 AM
In general I regularly use big trading exchanges (Binance, FTX, Coinbase and OKX) and do not have any discomfort with them, but if possible I use DEXes or DYDX, in general for the last two years these exchanges have reached a level of comfort. But keep your money on any of the centralized exchanges, I would not.
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