Well, nothing is wrong with been powerful, in fact one of my Sunday preacher told us that the only thing one need aside of wisdom is power. What has kept Binance this far and dominance as an exchange is innovation and professionalism. While some exchanges insisted on full KYC before one can even pull out his $1, Binance had to say "KYC was needed for large volume withdrawal". Binance as an exchange has helped a lot of project to succeed and traders making fortunes. Their contribution to this community is visible and worthy of praise. I will continue to use Binance exchange, I love them.
They can change their KYC policy at any time if they want,if Binance becomes the monopoly of crypto exchange then it is a great threat for the prices because they can manipulate the prices as they want but I don't think traders will let that much of trading volume for one exchange since lot of new exchanges were popping up and we are not too far from the decentralized crypto exchanges era. 
Topic: How Binance Is Becoming Too Powerful (and really scary). - page 4. (Read 951 times)
Well, nothing is wrong with been powerful, in fact one of my Sunday preacher told us that the only thing one need aside of wisdom is power. What has kept Binance this far and dominance as an exchange is innovation and professionalism. While some exchanges insisted on full KYC before one can even pull out his $1, Binance had to say "KYC was needed for large volume withdrawal". Binance as an exchange has helped a lot of project to succeed and traders making fortunes. Their contribution to this community is visible and worthy of praise. I will continue to use Binance exchange, I love them.
If you're concerned about Binance becoming too powerful, take your business elsewhere. There are over 200 exchanges (according to CMC) and I'm sure a number of them would love it if people did more trading with them.
Binance is getting too big, but that's because we are letting it happen. Support their competitors with trading volume and create a more competitive marketplace.
Binance is getting too big, but that's because we are letting it happen. Support their competitors with trading volume and create a more competitive marketplace.
This Exchange has proven its services to the crypto community and has made lots of accomplishments and charity's also, this exchange is serious in business 
Binance is getting too powerful because the team really know what they want. The team is focused and ready for work thus supported by the community; and it is true many users in this space loves Binance exchange owing to the way it's services are offered etc. In my own understanding, it is not a threat whatsoever as the team is constantly looking for ways to bring better services to the crypto space.
Binance become more powerful and more popular this year and next coming years, because they have more partners and a lot of millions investors which is good for the value of the binance. And we know the binance exchange is popular and have a lot of trader so every binance exchange project create or release it will turn to successful and poweful and also a popular to the crypto user.
As a conclusion, I think it’s fair to say that Binance is becoming too powerful.
yes you're right, binance is too strong. they have more power in the market. if they do something, attention will go straight to it.
if seen from your explanation, indeed this is very scary.
There is no sense in your post, why you're not giving one important thing of their bigger and bigger power in cryptocurrency market - high influence in some dPOS currencies - last time NANO team reminded to not hold too much funds on Binance.
It is strong but it is also weak. Every company has a weakness because it has to be registered somewhere and abide the law. They have to do their taxes somewhere and if the government of that country decides that there's too much smoke around Binance they can seize their properties and kick them out.
Bitcoin is independent and Binance has all the weak points that bitcoin was made not to have like a CEO, employees and an office.
Bitcoin is independent and Binance has all the weak points that bitcoin was made not to have like a CEO, employees and an office.
now is the binance era. binance is not only the best exchange. but coin binance also continues to increase every time. Binance Dex is an innovation that will provide great benefits for each user. I thought. Binance will be better in the future.
full member
Activity: 882
Merit: 102
PayAccept - Worldwide payments accepted in seconds
Binance coin is the most decentralized altcoin what I have ever seen. CZ maybe isnt a bad person, but we do not want such powerful man in crypto, right? We want to have decentralized cryptocurrencies where every voice is important 
.
. The Binance CEO and the entire team are very innovative and I think that is affecting the coin price. Binance is the most valued exchange coin and the first in this kind of venture. The coin is widely listed across other exchanges more than any other exchange coin and so many innovative ideas that breeds a lot of confidence. I have since joined the fomo gang
Do not rush so much to rejoice and support Binance. Let the situation evolve. It seems to me that this is all temporary. As soon as the IEO on this exchange ceases to attract investors, due to a drop in yield, the price of the BNB will go down.
what i suprised here is about their token
did u know,most of altcoin also BTC have a ATH on 2017-2018
but how about BNB ?
the token grow very significant, with ATH about a few days ago.
i just have some speculation,BNB have a real thing.
not bound by market fluctuations, its a pure from their comunity self.
can u imagine how people believe their exchange ?
A few days ago bnb had a very good value against btc and this was the new ATH. But it is not good that increase is based on exchange. In the first news that will shake people's trust about binance, the price will reach new "ATL". did u know,most of altcoin also BTC have a ATH on 2017-2018
but how about BNB ?
the token grow very significant, with ATH about a few days ago.
i just have some speculation,BNB have a real thing.
not bound by market fluctuations, its a pure from their comunity self.
can u imagine how people believe their exchange ?
actually there is no need to knock when a coin is delisted from a binance exchange, if the coin has a solid and big community it is not a problem, the exchanger is not only binance, although the volume of transactions will drop dramatically.
That's actually true, and I'm not blaming them. I'm just saying they are being too powerful, that's all. It's the fault of the other exchanges that aren't capable of competing with Binance. You could also blame Ethereum for not being enough scalable because, because of that, a lot of projects are going to migrate from the Ethereum chain to Binance Chain. So I'm definitely not blaming them.
what i suprised here is about their token
did u know,most of altcoin also BTC have a ATH on 2017-2018
but how about BNB ?
the token grow very significant, with ATH about a few days ago.
i just have some speculation,BNB have a real thing.
not bound by market fluctuations, its a pure from their comunity self.
can u imagine how people believe their exchange ?
did u know,most of altcoin also BTC have a ATH on 2017-2018
but how about BNB ?
the token grow very significant, with ATH about a few days ago.
i just have some speculation,BNB have a real thing.
not bound by market fluctuations, its a pure from their comunity self.
can u imagine how people believe their exchange ?
It's all up to you. Whether you want to make binance rich or not, we are just the people who want to make profits.
Binance growing more bigger because customers or members trust. Every company can growing bigger as long they can provide what customer want. Every crypto investor want security and good project and i think binance provide it to their customers.
As a conclusion, I think it’s fair to say that Binance is becoming too powerful.
yes you're right, binance is too strong. they have more power in the market. if they do something, attention will go straight to it.
if seen from your explanation, indeed this is very scary.
The Binance CEO and the entire team are very innovative and I think that is affecting the coin price. Binance is the most valued exchange coin and the first in this kind of venture. The coin is widely listed across other exchanges more than any other exchange coin and so many innovative ideas that breeds a lot of confidence. I have since joined the fomo gang
But personally it scares me that colossal power which begins to concentrate in the hands of the owners of the exchange Binance. This is a threat to the decentralization of cryptocurrencies.
Jump to: