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.
Topic: Binance trading activity is 13x larger than any other exchange - page 2. (Read 467 times)
September 27, 2022, 03:54:31 AM
September 25, 2022, 04:46:19 PM
Binance have got the increased number of listings compared to other cryptocurrency exchanges. Also to get listed on Binance isn't an easy thing. Only the projects that fulfil their criteria gets listed. I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
Even if the requirement to be listed on Binance is not easy, many still want to get in because they know the reputation of Binance can also bring good opportunity for their project and that can attract investors as well. Binance is still on a top position and it’s good that they didn’t stop from doing a good marketing, that helps them a lot. I agree with the P2P option, in our local only Binance have this feature available for us. 
September 25, 2022, 06:50:13 AM
(....)
They told me they preferred more risky options and not the classic ones.
Lol. Why? Why do they don't trust these legit and reputable exchanges more than using other platforms that we can't trust at all?They told me they preferred more risky options and not the classic ones.
Besides Binance, there are a lot of trusted and reputable exchanges too, just like FTX, Bybit, Okex, etc.
There are some traders who uses different exchanges for their different purposes or the one they used to be.
September 25, 2022, 05:56:36 AM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
There are other similar exchanges that allows trading with high leverages but not as compared to that of Binance. I see this kind of trading as high detrimental to our trading guide which can make us keep been attracted to high leverage trading.
There some exchanges that has many of these pump and dump coins which can make a trader make severe loses if care is not taken.
September 25, 2022, 05:29:33 AM
...I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
In fact, P2P trading is now a mandatory element for all major exchanges and, accordingly, is not a distinctive feature of Binance from other cryptocurrency exchanges. In addition, in terms of the number of fiat currencies supported, Binance is also not a leader among other exchanges.
September 25, 2022, 05:08:10 AM
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
The transaction volume is real, you can check Coingecko for that too. Using transaction volume or marketcap on exchanges, Binance is still the number one exchanges. But in transaction volume, Binance is 10x or more, greater than the second exchange. 
September 24, 2022, 06:53:32 PM
Binance have got the increased number of listings compared to other cryptocurrency exchanges. Also to get listed on Binance isn't an easy thing. Only the projects that fulfil their criteria gets listed. I prefer Binance mostly for the P2P trade access that isn't available with other crypto exchanges.
September 24, 2022, 06:45:06 PM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. Probably or it's just that Binance could be for everyone, average Joes to whales (although might be doing OTC). But for the majority of us, they seems to be comfortable and at least they are very supportive as they have been planning to put up education in our country regarding bitcoin/blockchain technology.
We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
Yeah, and it's also case to case, but for the old and traditional traders, maybe buying and just doing some few trades here and there, and HOLD.
But for the riskier individual, taking daily trades and look for profit is their thing.
September 24, 2022, 06:29:17 PM
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world. We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
September 24, 2022, 06:11:46 PM
Not really surprising though. A lot of local traders here has since shifted to binance and they are making a lot of volume on that platform than anyone else. Also, given that Binance is servicing a lot of people around the world, it's not surprise that they are at the top of the game. Their marketing are subtle and they get new traders/people by word of mouth. Never had problems with binance whatsoever ever since I started using it. You can also add that the planned DEX by a lot of people look really underwhelming in all aspects, hence why people still choose Binance, a CEX, compared to any other platforms out there.
September 24, 2022, 05:57:30 PM
...according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
this is a very fantastic number, compared to Coinbase which is only $2 billion.
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
September 24, 2022, 03:49:51 PM
...according to coinmarketcap the 24-hour volume has reached $24 billion,
this is a very fantastic number, compared to Coinbase which is only $2 billion.
this is a very fantastic number, compared to Coinbase which is only $2 billion.
Given the fact that the Coinmarketcap rating belongs to Binance, this is not surprising. But if these volumes are really real, then Binance is a monopolist, which negatively affects the cryptocurrency market. Nevertheless, despite the mandatory KYC, this exchange is really in the first place in terms of its functionality and security.
September 24, 2022, 03:48:49 PM
Binance is the biggest, if not one of the biggest and well known exchange in the whole crypto market. Anyone who has heard of bitcoin has very likely heard of binance too. When they look for exchanges to buy or trade crypto currencies, they will very likely have had stopped by at binance to have a look at the exchange. So it is very obvious that it will have one of the biggest trade activity volume.
So why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
Totally sounds stupid and there are indeed people who do really love to put theirselves on risk even there's an available best option that they could deal with? Its just always been like that and this is what makesSo why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
things mind boggling or puzzling on why people need to act and made out decisions like that.We've been through on how many years of existence out of this market and we've been able to see wayback
on how Poloniex and Bittrex did really make out some dominance in the market in speaking with exchange platform volume but everything had been replaced by something new and that was Binance.
There's some other options though but lets not just put aside on to those probabilities despite of the current top ranking on this market.
September 24, 2022, 03:35:53 PM
They told me they preferred more risky options and not the classic ones.
Do they mean that they prefer using less reputable exchanges with higher chances of getting rugpulled or with higher chances of the exchange ending up being insolvent? Or am I missing something here?
September 24, 2022, 10:08:56 AM
GM fam. If you do trade on an exchange, wanted to ask you about your favorite option so far.
Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
Binance is the biggest, if not one of the biggest and well known exchange in the whole crypto market. Anyone who has heard of bitcoin has very likely heard of binance too. When they look for exchanges to buy or trade crypto currencies, they will very likely have had stopped by at binance to have a look at the exchange. So it is very obvious that it will have one of the biggest trade activity volume.Last week I was discussing with some friends the benefits Binance offers: quick trading, minor crashes within each year, and also the liquidity it already has created over the years.
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
So why does your friends prefer more "risky options" and not the regular well known exchanges? Sounds plain stupidity to me.
September 24, 2022, 07:52:46 AM
I got on Binance in 2017, the year I came into crypto but that was after I had opened accounts with Poloniex and Coinexchange. I guess Coinexchange has gone extinct now with Poloniex just there with less patronage. Even in 2017, Binance had little or no reputation as an exchange that just newly got on board but I took my chances with it. Glad I did. Fast forward to today, and from years of experience, I would rather trade on an exchange whose trust rating in high but trading activities are low as against one with low trust rating but a high trading volume. This is why Binance continues to remain my favourite platform till hate. It has both favourable trust score and huge trading activities.
September 24, 2022, 07:36:23 AM
Trading on binance is not bad. I am also trade on binance. but you must verify your account here for trading. Although earlier one could trade here without kyc but now they have stopped it and made kyc mandatory. It is not any big problem because now almost all exchanges made kyc mandatory. Binance listed token always have more liquidity then others exchange. but i OKK and Kucoin is also good exchange like Binance
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September 24, 2022, 07:04:01 AM
It’s more risky to use broker and MT4 compared to Binance that has a huge trading volume and different trading option. I’ve been trading before on MT4 and all I can say was it has a limited trading offer compared to binance that almost all financial feature are already there including savings and options which other broker don’t have.
The current strict regulation on exchange right is still a good event to protect user for possible exit scam which is the typical cons of crypto exchange before since no one regulates them. Exchange is evolving good through legal side which is good on long term.
The current strict regulation on exchange right is still a good event to protect user for possible exit scam which is the typical cons of crypto exchange before since no one regulates them. Exchange is evolving good through legal side which is good on long term.
September 24, 2022, 06:55:09 AM
They told me they preferred more risky options and not the classic ones.
I regularly trade with [MT4 + Broker] tho.
I don't understand why would they want a risky exchange platform. Do those give more profits than reputable ones? I mean are there freebies whenever you make a successful trade? I regularly trade with [MT4 + Broker] tho.
Just curious about how you think the in-exchange trading is evolving at the moment with this topic or news like the one I shared below [read today].
Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
It was first because of their variety of options to trade. Then, they made events for a free listing and some more.Source: https://tokenist.com/binance-trading-volume-now-larger-than-the-next-13-biggest-exchanges-combined/
What they did was not done in a blink or just because they have reputable people/companies backing them up. They are good at keeping their traders to stick to them and not look for others.
IMO, I always prefer 2 exchanges to use and the other one is Kucoin.
September 23, 2022, 03:14:53 AM
Binance may be the best choice if you level several factors such as identity verification, know the basics of trading and have sufficient balance but it is not the best choice in terms of speed of order execution and no withdrawal limits, therefore there are many options depending on your country and the level of data you are willing to provide.
In general, unless there is an independent party to measure trading volumes correctly, all data is subject to manipulation.
In general, unless there is an independent party to measure trading volumes correctly, all data is subject to manipulation.
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