This is quite concerning for me.
The exchange that was the biggest and hottest thing when it came to exchange is now trying to diversify its income source by launching lending programs, and now this, a staking platform. But why? Or more precisely, why now? Is the cryptowinter affecting Binance as well? Is this a forewarning of tougher times to come?
That could be a possibility but I doubt it, it seems to me that they are really trying to just diversify the source of their income because they know that no matter what they do they cannot be the biggest exchange forever, however I really think that depositing your coins in an exchange and keep them there is a terrible idea, we know how susceptible are exchanges of being hacked or scamming their customers, but I do not doubt that there will be many people that will accept those conditions in order to earn some dollars, I just hope that they do not regret it. The exchange that was the biggest and hottest thing when it came to exchange is now trying to diversify its income source by launching lending programs, and now this, a staking platform. But why? Or more precisely, why now? Is the cryptowinter affecting Binance as well? Is this a forewarning of tougher times to come?
