Bitcoin Forum

It's quite dangerous for a centralized entity to monopolize crypto, from owning bandges to bullets; they want everything to come in contact with their ecosystem before crypto's actually see true success. But, Binance's recent movements is having the inverse effect, they are becoming a truly a dangerous threat to crypto entirely, this is in my opinion and sentiments.

Imagine Binance dictating which cryptos see success and which others fail, or in a different perspective; how people view success and failures through the lens of being affiliated or blessed by Binance, that's the direction we're headed in and how they want us to perceive what Binance brand actually means. They've done a lot of good for crypto as a whole since they were founded, but CZ is trying to expand and monopolize everything, for: power, money and what's probably most important to him, his fame and reputation.

I suggest the community start being critical about these power-house exchanges, especially Bianance since they are the largest by a mile (discounting all fake-exchanges). IEOs are a small indicator towards the centralization of power, giving the big guys the authority to dictate which coins you should be investing in. Crypto was not founded by someone telling you which coins you should invest or not invest in, it's always been a cycle of growth and maturing.

There are ultimately many repercussions that will be seen, for what's occurring right now. They will not been seen in the short-term, but will have lasting implications for crypto as a whole.

Again, Binance has done a great deal of good for crypto, a worthy topic in its own with: more capital, exposure, legitimacy...etc, the list is bigger than their biggest fault. But their biggest faults are treading into a major contradiction to crypto.  

There's no denying, Binance is appearing to be the main monopoly of crypto, a true centralized powerhouse. If there is one takeaway here, centralization is the single most dangerous idea or action to the very nature of all cryptocurrencies.


2019

The BitcoinSV Dilemma: For more detailed explanation https://bitcointalk.org/index.php?topic=5135400.msg50745817#msg50745817
Binance Hacked, Power plays: CZ Believes he can dictate the Bitcoin miners and blockchain. https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack



2020

The Steemit Takeover by Justin: https://www.coindesk.com/trons-takeover-of-steemit-is-internet-history-repeating-itself
More about Steemit: https://bitcointalk.org/index.php?topic=5229984.msg53952652#msg53952652
Binance's Acquisition of CMC: Binance Continues to make headway towards total crypto dominance: https://blog.coinmarketcap.com/2020/04/02/a-letter-to-our-users-post-acquisition/


2021

---


2022


----

But honestly, I did like the move of the CEO when he delisted BSV. Tweeted a straightforward message, no fuss. I don't know if he was thinking at that time that with that such action, other exchanges will follow thru. I believe, it is his inner desire to do that not considering anybody else's opinion.

Let us see how things unfold for Binance. But right now, they are one of the reputable exchanges out there.

binance coins can really damage the dominance of other coins even I believe that one day at least the BNB will be able to be in the top 5 coins because the BNB movement is really good, they have strong weapons namely binance exchangers and they use that weapon to attack other coins when conditions are weak and that's what makes it dominate the market and will continue to dominate the market

I quite agree with your statement regarding the actions of CZ and binance but thats how it works just like Mcafee was doing before. On other hand, it has a bad effect on cryptoworld specially on its IEO that has a lot of conditions and surprisingly few people can get in. Tweets that will cause pumps and dumps and all name it, CZ can do it all.

I also agree with your opinion, and is not good that this happen and this can affect the crypto overtime but if people will not join IEO on Binance maybe they will not be like Mt Gox. Maybe they will revise what they are doing and will be better for crypto to not be so centralized.

They can play it whatever they want. In the end, they are still a centralized entity in a decentralized community. If ever we see them too powerful, they cannot stop the community from abandoning them. The community still have the real power. If we stop using their service, they are done.

i warned about this a while ago, nobody listened.
i warned about it again when the IEOs started becoming a thing and gave even more power to exchanges like Binance and nobody listened.

basically like always people are blinded by the advertisement and the promises these centralized powers are giving them and while the profit is there, they don't care... until something shady starts to happen and all hell breaks loose. but by then it will be too late.
the worst part is that this is not the first time...

Binance is like a virus  :D

But that's not their fault. They have been able to address users issue better than anyone else. We as users should try to decentralize our trades in different exchanges so that we would also give chances to new one and mitigate the risk of failure of Binance in the future.
There are many other newer exchanges that are trying to follow the path of binance but would require a long trial to prove themselves worthy.

The fact that there are also many big exchanges that can do or replicate what Binance does only shows that Binance cannot be a crypto monopoly and if ever there will be signs leading to it, I think the crypto community won't allow it to happen. I guess the latest developments on Binance is only a part of a crypto evolution where cryptoverse is now getting more mature and we should try to embrace those developments as well.

Monopol ?

I using 12 exchanges, Binance is not on my list ;)

Maybe in future

I fail to see how Binance can act like a monopoly when there are so many competitors out there to siphon away customers who are unhappy. As far as I can tell most Binance customers are pleased with their level of service and believe the exchange is fair. They are also rolling out a decentralized exchange so customers will have complete control over their funds on the platform.

I disagree because it is not only binary that is currently holding the IEO, so I feel that worry is excessive. All definitely want to give the best, being the biggest including Binance. There are several exchanges that have held IEOs, including the top 10 in the coinmarketcap.

It's not just IEO's, this post includes IEO's also regards their new blockchain and coins being associated with Binance Chain, gaining favorability and recognition among the top CEX. Along with that, DEX listings, their go-to shilling platform of Trust Wallet and etc.

Owning the bullets and the bandages. From which chain coins could "potentially" be utilizing, to exchange and sale hosting. Not to mention, the amount of resources capital and etc they have to push new projects from 0 to hero with 1 tweet.



Also this leads to the first post...




I quite disagree with this, but it appears I'm in the minority. I don't disagree with it on the basis from a Craig perspective and doing 1-ups, social, being a fake and etc. I look at this situation purely from a crypto standpoint. Despite what a crypto may be associated, connected or birthed from, CZ is out of line in dictating the markets based on how he feels that day.

Ofc the reserve arguments is its his exchange, fine, but a monopoly is going to hold weight in dictating which coins get delisted off of other notable exchanges (the little exchanges). Because the action didn't just stop with Binance, other exchanges also recriporcated the same behavior and delisted BSV.

I'm not defending Craig, nor do i want to hear arguments on how he's damaged crypto and this actually benefited x and y and z. All that matters is the reasoning and judgement behind this and the implications for doing so.


I'm 100% with Vitalik in all this and his thoughts he continues to share about CEXs.


There are alarming red-flags occurring and yes some would also argue competition. But, crypto is an infant, this can be the normal for a decade to come. Who knows? I encourage readers to not embrace everything with open arms, especially if you're not directly invested in BNB.

I don't like the fact that priority has been given to big guys or rich dude in the Binance IEO, crypto does not succeed with few, but grows with large community input. Just Imaging if the price of bitcoin had started at $500 and only a few could afford it and restriction was placed on the minimum trade order many persons would have missed out. Although Binance has contributed greatly to crypto development and has shown that impossibility is nothing.

I can only vouch for this as binance is one of the most trusted and reputable exchange we have right now,compared to others(except from Codex in which i find very legit and trustworthy also)binance has an accurate volume and movements,i sometimes compared the movements from CMC and there is a big discrepancy since we know now that CMC has lost their reputation after the issue of fake volume has been thrown to them

I think that's a plan to attract investors to binance. they do so to raise their trading floors. Many people like to use it with many people because of profit problems.

Yeah I agree with you, too much hype on binance and its very overpowered in the crypto industry because of CZ fame and marketing skills. But what I like in this case is that fake/scam projects are eliminated. But Binance is not really overpowering the crypto, there are too many projects with revolutionize technology that are very quiet developing their product.

If you're talking about "delisting" then it's nothing out of the norm cause every centralized exchange does that. But if you're specifically mention BCHSV's case then it's a bit of personal problem. I can see some controversial stories involving BCHSV but it's not worth deleting. Maybe CZ wanted to boost his fame. Hope he won't go too far on this.

But no need to panic,the monopoly on crypto field won't stay too longer for that history you said is the proof.There are lot of new exchanges also emrging which can make the reputed exchange to act fairer or they will be out of the competition like many reputed exchanges were fallen in the recent years.

It's cryptosystem. So nothing is permanent. Binance had a huge customers now.The drawback in binance is the withdrawal fee.If you had used binance, even you may experienced this.Many new exchange are emerging with some good features.So their is change for anyexchange to replace the place of binance. Monopoly is not at all permanent in the cryptofield. Due to some attractive features,  some exchange may be in top for certain period.

We have so many options and monopoly will never happen in cryptomarket. Binance is not the only exchange who implement IEO, and not the only exchange who will delist BNB. The current growth of BNB is just an indication that the competition in cryptomarket is high and some other exchanges should also improve their system or else BNB will take control of the market, but i doubt on this since BTC is still there to control us.

I see, as one of the best exchange in the market for now, binance actually can encourage other exchanges to delist and list a particular cryptocurrency. One thing is when kraken has just delisted Bitcoin SV. We can further see its market implication to make a move and be followed by small exchanges.

Even though Binance holds most of the share in crypto i still believe binance is growing organically with all features of developments like fiat exchange and new blockchain and strict rules in listing binance is having a positive growth in the market

The dominance can influence most small exchange with the act of delisting coins and adding coins from the list, so far binance is really succeeding from how they handle the business, but monopoly can't be done inside this industry as there's lots of whales who can immediately interfere in such act, binance can move forward and continue to succeed from how they play the game.

In time, we will see how this issue will be concluded, if binance take this action or stay as what they are now, enjoying the success of their business.

Even I think the same binance is much reputed exchange also they released their mainnet . One point you missed out there is bnb trading pair also available in exchange . Even I think binance growing organically . Lots of coin without any usecase still overvalued.

I've been watching in the same thought for a while now. People started to shape their investments according to Binance. Many coins' pricing (Negative or Positive) first begins at Binance. Everyone actually follows Binance. Even projects that are useless can be valued and listed in Binance.

And in the current order, there's nothing to do ...

binance starting to monopolize crypto is quite really bad both for them as a company and to the crypto. One thing I know is that if they continue like this, it will lead to their fall if they think they can or will will control everything that they want

Nobody's forcing you to use binance. They take their power from their users. If you don't use binance, they'll lose their influence on the markets.

People however like binance. That means binance is doing it right.

Exchanges come and go all the time. I remember the same thing used to be said for poloniex in the past. Where are they now?

I am agree. Binance always upgrade their service and right now binance is biggest exchanger. I think every project have a dream listed in binance because binance offering big daily volume.

I don't really think that they are all powerful. As the listing of coins is very expensive, other exchanges are going to list more coins more easily.
The bull run of BNB was just because of the announcement of the DEX exchange. But now, people are really going to see who is going to use it and if it was worth the wait or not.
What i see is the BNB coin looks like a pump and dump scheme.

binance is extraordinary, it is not easy to arrange exchange and coins in one destination. but Binance always makes new innovations. a few days ago Binance made the Binance chain. Binance Chain only focuses on the transfer and trading of blockchain assets. The network will focus on performance, ease of use and liquidity. Coin Binance Coin (BNB) will be upgraded to have a blockchain network and the Binance company will be converted into a community. Binance also created Binance Dex. for sure the innovations made by the binance team aim to attract the attention of investors and traders.

What exactly is the issue here, do you know how many exchanges we have out there for you to pick from, you do not have to belong to Binance community, you can just look for one that is perfect and would not have the lapses of this company.

I think Binance sees that only exchange is not enough, with its finance and popularity in this market. They can do anything from the best chain development to exchange DEX best. All of this will help Binance maintain its unique position in the crypto market

The most important thing for Binance is being able to maintain its integrity and also the trust of every investor who has made a trade or investment in the exchange because we know that binance has a considerable appeal. if indeed it is a problem, it will be a big problem for binance. a big challenge

Yes it's true. Binance in a very short time has become the number one exchange and is now expanding its influence, becoming a monopolist. This is both good and bad. Monopoly is bad. Trusted service is good.

The main issue with Binance is that they have a coin BNB. There is an obvious conflict of interest here. Everyone knows that most volume is faked, so that they can push their own coin and manipulate it.
It is just a matter of time until Binance goes under the radar of some government and its CEO end up in jail.
They are making too much money, they are shady, sure they will get in trouble.

Just with the trusted service it has been standing high in the market. This at times give a outlook of a monopoly which to my view is not real, because every exchange seems to function in the same way while it is the one that clearly identifies the need of the investors, traders, developers and making updates accordingly.

The main thing is not to repeat the situation with MT.GOX - that been one time biggest trading center on cryptocurrency
Any centralization in a less decentralized network is not good.
I understand that the market dictates its own and  Binance product itself is usefull...

Binance exchange gained momentum over a short time and with the introduction of their exchange coin made it more attractive and gave birth to what other exchanges have copied. One should give it to them for bringing the idea that made it grow so fast and topping in the exchange charts. Currently bnb goes a long way to determine what happens in the crypto space and I could recall how price fell when it was rumored that Binance was hacked.

it is best that we also discuss the solutions to the problems at hand. the problem is not just with the monopoly, that is not a serious thing in my opinion as it is a passing fancy. throughout the past couple of years this position of power has changed hand at least 4 times! and it will change hand soon again.

the bigger problem is all the shadiness and the huge risk that all the traders take by using these platforms. the solution to all this is not that simple either, although it exists. the solution is distancing ourselves with anything centralized and moving towards true decentralization (again not centralized exchanges disguising as decentralized like Binance DEX!!!)

They are going down, quote this in 6 months from now.

Binance have done great work in the entire cryptocurrency ecosystem by taking the bull by the horn when they issue a warning before going ahead to delist bitcoin SV, but as you have said absolute power corrupts so giving them the monopoly to dictate what goes in and out in the cryptocurrency industry will lead to kiosk in the future.

In as much as I agree with your submission , I also think that it's other Cryptocurrency exchanges that are giving binance the stage to be acting out it's monopolistic tendencies.
To break the hold of binance on the cryptosphere, the other exchanges should be up and doing.
Binance is a cool exchange, better than most exchanges, the support staff are very proactive in handling users issues.
CZ is a smart ass fellow whose  Innovative ideas is beginning to shape the world of Cryptocurrency.

It's not Binance fault, we are the reason why Binance is currently standing at the top, and only us can take them down.
Remember the popular exchanges in the past like Poloniex, it's not having a trading volume as usual, they have the power to do what they want
and of course they influence the decision making of some investors due to their popularity and reputation but the final say is coming from us.

realized or not, the coin that goes to binance suddenly the price goes up, and can this be called monopoly? it could be, because an exchange that is able to lift asset prices suddenly, usually in the end there will be a dump, but that also cannot be ascertained.

I think the trading platform has been through a lot of experience and there are ways to solve many problems to be able to make a big impact on such communities. So, but what you mention sometimes is a compliment about his success. However, after that, the crypto community is not foolish enough for him to have a big impact on investors' decisions. I think people need their own views and skills to be able to participate in this community,

Lol it looks like you don't know about how it works. Binance has a lot of money and they can monopoly the market easily. that's about to get or grab whole of demands from the crypto market and that's the main point. as the biggest exchange site and that will be so easy for them to monopoly any business in the crypto.

Oh well, they will be a big company. But let's admit. If there is a top stock exchange with by-products that is useful to everyone. Can he hold the lead. Of course there is no doubt this is a cool organization.

Binance is a very good exchange place in my opinion and if there is a new Altcoin registered at Binance, It will experience a very clear goodness.

You're completely right, I agree with you. Binance is a good exchange and it has good prospects. However, so much hype around Binance can turn it into a crypto monopoly.

It is true we are fighting for decentralized world and now we see the power of one man - CEO of Binance - CZ. Look what happened to Bitcoin Satoshi Vision after delisting from Binance.

what Binance is currently experiencing is unintentional, Binance is big because customers believe in it.  here I won't blame Binance if it's like monopolizing crypto, we must realize that Binance is indeed the best exchanger.

How i wish many will accept this truth and do something about it.Many are shying away from this fact because this so called exchange has made name for itself but the truth most be told,most of this big exchanges are trying to monopolize everything.

The problem is that, in the future, you will not even have to be listed on Binance to be dependent of Binance. If you used Binance Launchpad to raise funds for example, it means that most of your token supply will be located in Binance wallets. If you create a token on Binance Chain, your token entirely depends of Binance. If you have a dApp based on Binance Chain, your dApp activity depends of Binance. So at the end, being listed on other exchanges doesn't even matter anymore, because you will be dependent of Binance, even if you are listed on other exchanges.

Binance does have the power of life or death over many smaller cap coins, and even some of the larger ones as we have just seen. Its Launchpad program injected the first breaths of life into Tron’s Bittorrent Token simply because it had exclusivity, a huge audience, and a lot of marketing kung fu. As Google can dictate the success of a website in terms of search rankings, Binance appears to be wielding the same power over token listings and it clearly doesn’t plan to stop there.

Some articles for those interested in future of Binance and more. Check it up

https://decryptmedia.com/5985/binance-seeking-diplomatic-immunity-avoid-regulators-say-cryptofund-execs

https://www.asiatimes.com/2019/04/article/will-us-crash-binances-holiday-on-the-med/

Must be what he meant when he said its becoming a monopoly. CEO seem to dictate what everybody has to do. Though I like what had happened to BSV, I'd be glad to see if there is still a consensus. Kraken tried doing it by asking votes whether to delist or not. I have no idea whether the votes came form Kraken's users though but it should have been.

It would be nice to have a self regulated crypto market but it is not happening, in fact we have no regulations
on the ICOs. Binance is just resolving the problems we could not solve ourselves. Centralization is not a good
direction at all, that it not what Satoshi was envisioning.

I don't deny the fact about the power of the big crypto exchange but there is no need for drama. Monopoly is always there and it will be replaced by the speculation of small exchanges instead of the big manipulators.

Nah.. just did the right thing thats why other followed

Binance can change the rules of the game by changing their strategy on the long term view. The vision of the exchange can influence the projects and this is not the same thing with manipulation.

I also noticed that Binance is becoming very powerful and influential but we should not treat as a negative thing. We should be glad that that their IEO is a success because they have revived the dying ICOs which we expected not to do well anymore. I think CZ is not a bad guy and it is not his intention to dictate what coin will succeed. It is just that they have so much reputation in this market.

It somehow privatise ICO, although it's not necessary a bad thing still it causes a perception of only the riches with more BnB stake can get a taste of popular tokens that ensured volume on our platform. Tokens are fighting to be listed for the so called binance effect to uphold their price, in a long term its not beneficial for the crypto majorities but what do cause investors cares 10x tokens more

What are you talking about?
Binance is the best thing to happen to the crypto economy.

You can't compare it to Mt. Gox at all.
That was way back when crypto was totally fringe.
It had a monopoly because no one cared about it at all.

Binance has significantly raised the standard for what an exchange should be.
It has created an ecosystem that encourages different trading pairs.
It has launched a lot of successful projects.
They are the biggest because they are the best.

On top of it all, they are pushing forward with a dex.
That is the true spirit of crypto right there, decentralized exchanges.
Rather than worrying about how they will "take over" worry about how other comapnies aren't up to standard.

I am agree. Binance is a company and every company must be need and want profits. Its not their fault if binance become biggest exchangers because the always improve on security and user like their UI or service.

binance wasn't social foundation, and they need income to pay their employment salary.and if they become biggest and most profitable exchanges if caused their work and they didn't kill other exchanges.

I tried to get in Binance IEO and failed for whatever reason and  I was a little angry but it was okay but what really got to my nerve and made I started to think similar to what you wrote in this thread in the new requirement they added for people to be able to join their so-called IEO, they are trying hard to pump BNB which I think is a very dangerous and bad move because they are giving BNB tokens a value that is totally fake and build only on the desire of joining the upcoming BNB, well I love Binance but I do not like their latest moves which made me withdraw my money from there ( Binance was the only exchange that I was feeling safe holding my money on it).

100% Agree having all this control in a field that built on Decentralization is hmm.. I can't really come with proper words to describe it.

I think with what we have now, there are a lot of other competitors that are being used, not just Binance. I think Binance is smart that their current strategies that is doing so well and so far and a lot of people might think that they are going to abuse it, we don’t know, just like what you are speculating about now. As long as we know how much we are investing in that exchange, the another Mt. Gox incident could offer less hurt in your portfolio,  and prevention is better than cure, as they say.

It is a trend that will apply to differently based on the works they do, sometimes we have to accept it because now Binance is a monopoly company which they are doing according to their roadmap. Last year it is completely ETH blockchain which due to many fake ICO's the community is fed up with the ETH blockchain.

I don't think there is a problem with the ethereum chain. their network is still good, only incidentally there are some projects that use the ethereum chain to make a project scam. that does not mean it is a bad effect for etheruem. ethereum will be fine. but the binance chain is just about to be released, and it will require major updates and a long journey to make their chains attractive to the market.

Nahhhh not because binance is one of the top it will not be a right thing to call it a monopolization. It's just when it comes to multiple coins aside from btc binance has a good volume compare to others because of being a good provider of a user interface. I think these are just detracting thread i believe CZ is doing good.

It sounds like OP is mad because binance delisted the scam "Bitcoin SV" coin.. and OP is holding it lol smh awwww poor baby

I like this part of your post and that's why I took it out of the heap. The Binance Exchange has proved itself trustworthy and no one should begrudge it its fame. Not so many gave it a chance in 2017 but look at where it is today through dint of hard work and all that and you say it's running a monopoly? Where are the ilks of Poloniex, Bittrex, Coinexchange, just to mention a few which got established way ahead of Binance? The other exchanges lack innovations and no one should blame CZ for that.


He shouldn't be. He has the choice of transferring it out to other exchanges accepting it or to his own private wallet.

Binance is one of the biggest and most powerful exchange nowadays. Isn't it a purpose which every exchange or any other project want to reach. Binance developing and improve their work all the time. It is a process of evolution of cryptocurrency and crypto exchanges. And it also example for all that small exchanges , they can repeat Binance success.

I guess you really don’t know what they stand for, Binance is the most reputable exchange I have ever come across in this industry, they are highly effective and full of genuine strategies, their work, product and services is what is umping their coin and I can assure you that the growth of their coin has nothing to do with whales.

The value of BNB you see is the true reflection of how largely and widely community has adopted it and using it, Now they are also coming up with their own chain, which might make lots of Binance believer migrates to it, if they do, what do you think will happen to the coin value, would it not shoot higher?

I don't think that's a monopoly when other exchanges follow what Binance did to delist BSV. They have good reason to defend it and those exchanges that follow thru see also the reason why.

And being in Binance as the number one exchanger today keeps one feel that they are protected from trading their coins. I feel like it is good for me to take and exchange them all my coins and then withdraw it without really trading because I can withdraw it without the fear of doing KYC because my withdrawal is still in the limit level. That's one that makes Binance ahead of the other great exchanges before they impose the KYC on all coins withdrawal.

It is not good for an exchange to dominate the market. But this happens in a free market. If an exchange dominates the market, competition in the market would take a back seat. But I do not understand why an exchange delists a coin based on just its low trading volume. This is bad trend. A coin should not be delisted unless it commits a grave violations of norms of cryptocurrency. Sometimes a project may fail to perform well.

I dont think binance dominating the market because binance not list all crypto in their platform. Many big exchanger have bigger daily transaction volume and i think its normal for binance if they want profits. Good exchanger must be always evaluating the coin or token because they have responsibility for their customer.

It is already a crypto monopoly, because this is the most famous exchange in the world with the largest trading volumes. I just remember about the CEO decision to delist BSV from Binance and it dropped the price by 40 percent.

I don’t think it is possible to say that the IEO will change the market? I am begging you. Many will not agree with the terms of this monopolist. Yes, and a couple of unsuccessful projects can undermine this reputation. Of course, when you exchange number one in the world, you have a lot of opportunities to dictate rules to the market. But there will always be those who bypass these rules.

It will not change but it's helping for a change, anyway it's a great platform and people trust it.
There are still investing in ICO but big investors are making sure they will invest in a secure platform and Binance provided that, that's why their coin is in demand right now and they have lots of potential investors to come.

One thing I love the most about binance coin is the commitment of the CEO and the team to make sure they remain relevant in this time due to the competition we have in the crypto space, I really admire their passion and would love to raise a team that have such passion towards projects this way, I know that binance will soon become one of the top 5 coin in the crypto space, not because they have something so big to offer, but because they have their investors in heart and always create a user friendly platform.

They are already leader of the market but they won't be monopoly.
Because there will always be other coins which won't get listed on binance.

I don't see Binance as a monopoly. Everybody or anybody can challenge them. I only see them as the leader in every venture they sought. Back in the early days, Mintpal and Cryptsy took the lion share of the market. And then there was Poloniex and Bittrex.

in a market like this, nobody can make a challenge to Binance. they just have too big assets. new projects and new exchanges will not be able to resist them

I agree with you, a little more and it will be a monopoly. I believe that in the near future, the top 5 exchanges will control 98% of all trades and do nothing with it. Nobody canceled the rule of Poreto. The remaining platforms will not survive at a distance of 1-3 years. Soon the wave of acquisitions will begin.

I am reminded of previously popular exchanges like Cryptsy and Bittrex that once dominated market volumes but has diminished over time which only proved that nothing is permanent in cryptoverse and the idea that Binance could monopolize the market is too far in my mind. But what I can say is that I admire Binance for doing their best and has evolved to become more competitive and premiere exchange that is able to adapt to user needs and face challenges and has also become a trailblazer among top exchanges. Imho.

Every company have their policy and how they operate, like you admit that Binance has done so well in the crypto industry, and their perfection is what is drawing people closer to them, they might be a centralized exchange, but they have never imposed themselves on anyone or compel anyone to use their services.

We have so many exchanges out there to choose from, if one is not completely satisfied with the level of operation, then we walk away and head for another exchange, monopoly has nothing to do here, because there is no law compelling people to use their services alone, they are simply doing their job and their job is speaking well of them.

The big problem is that not all new start up project can afford to have their token listed on Binance due to the huge sum requirement as listing fee.

The only thing i notice about binance is they are very smart and they know how to take advantage of situations, before now the dream of every crypto is be lunch on Bittrex but some how bittrex loss is status as one of most sort out exchange and gradually binance came and out shine all of them, can't say i blame them, they try to fill the yearnings of the people and they plan to keep moving ahead with new innovation and ideas.

As long as it is possible to make money (in whatever form they may be), decentralization is hardly possible. There is always one who has a lot of money and wants more. Thus, the money will accumulate from a limited number of owners, and centralization will occur.
Apparently, in Binance an ambitious team. This is a lot of praise, but it will lead to inevitable centralization.

I also believe that this exchange has become one of the most used today, it kills the competition and today it is probably one of the most used exchanges. You understand that this is a monopoly and today there is simply no other choice, despite all possible exchanges.

You are right but at the same time i would say that they also deserved to grow big and sadly their seems to be no real competitor that can threat or give tough time to binance as a project and i think if it continues like this binance will grow into one massive platform representing most of the crypto market.

You should understand why it is a little difficult for people to get to participate in IEO project on Binance, you are not the only one that has not been able to successfully participate, I have not also, and I hold no grudges against them, I know that it is a phase that will soon pass.

You and I know how we have many investors that are desperately interested in investing, but has been discouraged because of the ICO scam, now that they have a chance already, we have thousands of investors always lined up to invest in an IEO project once they see one, so it becomes a matter of first come and first serve which all depends on our speed and the speed of our internet/system.

Binance do not just take any project, they screen it thoroughly to see that such project is really worth it and that is why they have few of them, if they really wanted to pump BNB, they can do it easily by just simply allowing all manner of projects to come on platform which will be more than enough for everyone to participate, and then we end up getting scammed. Is that what we want again?

I disagree with you, in my opinion Binance has a goal that makes users feel comfortable. And everyone has a way of thinking to get to know more closely, and has nothing to do with other crypto. Confusing. ???

Binance is a company and i am believe they want to make profits from every their activity. Binance can grow because they always improve their service and customer like it, thats why binance growing faster than others. Its not a fault if company want make profits or dominate crypto transaction because its about competition

There is always a choice, but simply trading at Binance is the most convenient way to date and you can always be sure that your funds will not be stolen

I'm afraid you're right, Binance makes the cryptocurrency market more centralized and manipulative. We all want the cryptocurrency market to develop, but we do not want to have all the power in the hands of one company. It is possible that this is not a problem Binance, and the problem of competitors who can not fully oppose something. But this is admired by the management of Binance, there are people who know how to manage the company.

The exchange has favoured those who are skillful in trading, which is why they will always give good testimonials about it. If care is not taken, as a newbie, one might lose fund while trading on it. This is made evident in the recent IEOs that have been conducted on the exchange. Binance is gradually becoming a central power of all exchanges and if care is not taken, it might come to reality.

To fight a large market, of course, it requires big capital, in my opinion, currently Binance has not been able to monopolize the market, in fact Binance's presence is good because it makes the market look better.

No this is wrong of course. The market is not being controlled by any user's and let them.choose whatwver the exchanges they wanted to.

Though Binance is one of the crypto echanges in the world and hoping that Japan will be using bitcoin and so diacussing. Besides, Promoting a country ro use for bitcoin wi.be  a great belp for. those who personny ontributed or investment in bitoin

I don't disagree with you on this point, but if you're trying to point out how CZ called for the delisting of bsv few days back and how other top exchanges followed his footstep.. i support cz for making such decision 100%

Binance may currently be the market leader, but there is plenty of competition in the exchange and the launchpad space so there's unlikely to be an outright monopoly and some of this startups initiatives are helping develop the market further, however, the high entry requirement for IEOs may be prohibitive for ordinary investors and attract only larger "whales" which is unhealthy for the crowdfunding industry regardless of the quality of the offering

I think this has become a scandal from a binance exchange place and it has become very natural if a very large binary exchange place has a lot of slander circulating in various kinds of media.

I am agree with you. People can make trade in others exchanges, its about choice. People choose binance because having big liquidity and binance always improve their security. I dont think binance becoming a crypto monopoly, its about how company give best service to their customer and to attract new member.

Actually, there are other top exchanges in crypto sphere that can competing with Binance if they have more features.
Other exchanges may can offer investors something, for example burning their token to increase their value.
Or maybe holding many competitions to the traders around the world, to attract more traders and investors.

I think it is not easy for people to get part in IEOs conducted on Binance because of the huge number of people who are already registered on Binance and who are ready to invest in these tokens when the token sale is conducted on Binance.

Obviously, the competition is very tough when you have limited tokens and unlimited people ready to buy them so the sale gets finished in few seconds to minutes which is something not just possible for someone all the time to get lucky.

Yes Binance is a very very good product of the company.  This is one of many projects that can monetize your project. The most important thing is that the BTC cryptocurrency has a good purchasing power and there is a place where you can spend these coins. ETH XRP EOS cannot boast of this. The problem of monopoly is very important and other projects need to reach Binance.

Now only the very lazy don't follow CZ in twitter, each shilling coins gives +10 - 20% at least. The main thing is not to keep all assets on exchanges.

They need to have more competition not only with those well known coins but also as a whole, other exchange site needs to follow what's binance done so they can also attract more investors and traders to use their platforms, competitive platforms will allow the traders to choose around and not just to concentrate with this exchange and project alone.

I do not consider Binans a crypto monopoly.  Because there are a large number of exchanges on the market.  This suggests that Binans is the best and more people want to work with it.  This is a normal practice.

How is this even a response.  OP is talking about binance controlling a lot of the exchange volume and the power you get when things become more centralized.  Purcashing power of btc or other alts doesn't matter.  And I agree with the OP we need some more exchanges getting more of the exchange volume, but it's an open market people can choose where they want to trade.  You want things to change, dont trade there.

I do not think that Binance can become a crypto manopoly. Yes, this exchange is very popular, but there are other major players on the market who will not be in a crypto monopoly with Binance.

I think Binance is simply doing everything they can to increase the value of their token similar to big corporations like Apple doing the same. I don't see any problems with that.

The bigger problem is the other exchanges using BNB's valuation and fake volume on their exchanges to inflate the value of their tokens. All these exchange tokens are being dumped to the market slowly, and we should stop that.

I believe that Binance will soon begin to fall back on the position of conducting an IEO, this will cause negative consequences for him from the BNB.
And the new Binance exchange, it is not decentralized at all, which will also alienate a large number of potential users.

Binance is very big, and wants to have a monopoly. I don't blame them for that. It is up to us to accept it or to fight it. We are the most important thing: users. They are nothing without us. Even Binance!!

Binance is very cool bi yeah.  It is not a monopoly, it is just so convenient that it is used by many, many people.  There are other exchanges but why they are less used.

That is not true at all, since you dont own the private keys. there is always something that can go wrong on the backside of the exchange.
Sure they try to keep everything neat and tight but dont take it as a certainty.

I do feel Binance is doing an excellent job in a world where we have seen a significant amount of exchanges collapse, having a beacon of stability and a waypoint is needed, from a user perspective it makes sense why Binance is doing so well in it's present state.

That said I agree that the centralization of exchanges runs the inherent risk of collapse as these are places where hacks become extremely profitable even with the top end security measures put in place it only takes one effective zero day to lose significant sums of money.

For now I do not see them as a monopoly just as a powerhouse in the community, whether that changes will depend on if competitors can keep and develop their own markets and maintain attractive strong alternatives to Binance or upgrade their current platforms to the next level before Binance.

They do have weight and they can push it if their buttons get pushed dropping SV is a good example of that, other exchanges however do not need to follow what Binance does  and can take market share from them for these decisions as it is a stand.

It's just a bit harder to trade those coins unless they are liquid exchanges as users need to move to an exchange that supports that coin and can cause some chilling effects, a lot of good projects do exist on other trading platforms not listed on binance they just don't scale to the level where they are listed on Binance until they grow to a fairly large presence or have good advertising.

There are still places for other exchanges to take advantage of this gap whether in quality or safety compared to the established cryptocurrency players that emerge on binance.

In the long run from a shouting beacon.
I see binance evolving beyond an exchange towards a platform for many projects and to get very political on its stands in the future.
There is certainty of more debates come.

There are tons of exchanges to choose from and there are upcoming new ones being developed. I really dont think that Binance would be still a power-house in the coming years. Times are changing fast in crypto and i really do think there are exchanges that want to rival Binance.

Also there are other tokens/coins not listed in Binance but its already being traded in other big exchanges.

Binance will become more monopoly exchange market because many investor have much money always stay there, many altcoin kinds have profitable for the future in binance and make many investor glad for keep stay with binance.

There are too many exchanges out there and surely those reputable ones will be left standing.
Ease of use of DEX will allow more people to use it. As it is right now, ED and FD are not user friendly at this time.

I cant see it as a sign of monopoly, how come it be possible to monopolized the entire crypto industry when most of it are open source like softwares, devs are scattered around the globe, the fact is there was a "hundreds or thousands of cryptocurrency exchange competing each other in the world" the best of the best services will win, thats the truth why Binance was really successful. "Binance CEO CZ has nothing to do why Binance was choosen most of the users and traders its because of its great services and the users experience was mean a lot nothing more nothing less, Delisting BSV is just a personal choice of the company since its a private owned so no one can question it. It think its just like a sourgraping that trigger of this unfounded, unsupported with reality and facts! im using Binance, Bittrex, and Okex and dont see any monopoly so far.

If binance exchange will start IEO for sure there will be a lot investors that will invest in their exchange but this is not their purpose right. They are not investment they are the promoters of bitcoin and cryptocurrency. I think binance is a good exchange and has a good coin and there will be a lot improvement for that.

I agree with a majority of the responses here that it was a community effort to delist BSV and not just one person calling the shots. I realize that there might be some pull back from people due to their recent announcements for compliance with companies such as Ciphertrace but I think ultimately they are looking out for everyone in the case of any large scams or money laundering even as far as any threats from terrorists

AFAIK, they are the leading exchange in IEO, more investors are trusting them over other exchanges and that's th reason why BNB token had an ATH this month.

I am waiting for their Binance DEX, how decentralized it would be in the future because I do not understand how such big company with big power could create something what is decentralized? And who will really believe that it is decentralized?

It will not be decentrilized, your assets will be under their control. Binance team is very cool and they have excellent specilists, this platform distinguished hights and traders can earn money there. But decentralization and the philosophy of satoshi don't go keep pace with Binance ideas and vision.

Well they have set a standard for all exchanges and until other exchanges begin to think outside the box,I fear the monopoly will span out for a very long time

I am not sure it will happen, but I am just surprised about the difficult rules of buying coins during the iEO period at binance. When there are many projects that are difficult to find investors, they sell IEO coins randomly like lottrey.

Who cares about the scandal, what Craig wright did was a wrong thing and Binance was simply protecting its users against junk like him. So, I would not blame Binance for doing that and if that is the reason why they are saying Binance is being monopolistic, then they deserve to be.

Binance is doing great and their effective and good part over shadows their weak point, I am not even seeing any weak point in Binance, all I see is a system created that is putting smile and peace in the face and mind of people, and that is more than enough for what anyone would say about them out there.

It is obvious that without customers none of the businesses will run. Binance should accept the reality about the decentralization and they should finish their job on the new DEX.

   You have the best comment among all. Without criticizing, without exaggeration. They set some standard cause they did a lot in very
short time. They are maintaining that high level with their activity.
   They already have a big share of the market. I doubt they will have entire market under Binance logo, many other exchanges are good
too, or to say great. In this big world there is a place for all of exchanges, we need even more.

there are no complaints against the Binans exchange, they agree to take the initiative, set the tone for the whole world of crypto, I consider it a good sign, the other exchanges will have to compete fiercely, and competition will produce the best product, thus the world of crypto will develop, only for the better.

Every project wants to be listed on Binance. Theteam of this platform very genious, on such bearish market the show xxxxxx. Respect

The question is, what does those upcoming exchanges have to offer, you need to look back and see where Binance has been coming from, Binance was barely launched like 2 years agar and it has achieved this far with few of their ideas that they have executed, remember that they met so many great exchanges on ground before they acne to top them all.

If they continue to come up with the strategies they have been coming up with, which I believe that the teams are too hard working to run or of idea, they will continue to be top of them all, How many exchange have come out after Binance and yet they have not gotten any volume?

Yes I also think that binance will be the monopoly for this whole market. At this moment binance is one of the greatest exchange in this ecosystem. But the problem is it is run by centralised force. So for a centralised exchange it is good to be one man army but it's not that much good for the whole ecosystem. Whatever binance do is a trending or most of the exchange follow that. Most of the time they took great dicision for this crypto word but what if they took one small bad dicision and most of the medium or small exchange follow that. I know that binance is one of the trusted exchange that's why this whole thing is going. But at this moment they are good and the team is working hard to make it perfect.

Although, we have a lot of new exchange site which have nothing to give to the crypto market or sphere but  we must not underestimate some new exchange site either because some are totally different and know what they are doing.
Concern Binance, the one reason why binance was successful exchange was because they cooked an outstanding strategy to gain the Asian market right before the last ATH.

Lol...but do you know that Binance was a main starter of IEOs and you should understand the OP in the sense that, Binance has over 500K to about 1M+ active real users and so they can consciously or subconsciously influence your choice as a crypto man if only you're there.

That's it..they say in the land of the blind, a one-eyed man is the king. If other exchanges aren't ready ti put something challenging and competitive, Binance will reign for more time and exhibit "unnecessary" monopoly indeed.

Anyway i believe CZ is playing some "catch me if you can" tricks with both crypto community and regulators and it's risky as OP said. We all however should be vigilante and be careful... CZ is a businessman and he's doing his business in anyway he can. We as customers however have to be very careful

Binance today is indeed a cryptocurrency monopoly, the rest of the stock exchanges today for some reason are not so popular, probably because today there are big demands on ordinary traders.

For long term such emergence of few exchanges are really not good in my point of view. Just think if anything happens to binance like Mt. Gox exchange. If there any big hacking attack on binance we cannot stop the market fall.
We must wisely think and split the fund from the exchange and take that fund different investment.

I was tried to their telegram, for 1 hour more than 5k messages are falling like something. Such a big community but we people need to think whether that is worthy or not.

When Binance CEO threatened to Delist BSV after the erratic claim of Craig Wright as Satoshi which he carried out and influenced other exchanges like Kraken to delist too is a clear indication that there is a sinister plan or move to monopolise cryptocurrency. The will not be good for the crypto community and should be rejected

Of course they are trying to monopolize the crypto market but I think that they have been of great importance to the crypto users for long and compared to other exchanges, many out there prefer to use Binance as an exchange for trading crypto. It is already having the maximum consumer base in the market besides Coinbase and in the next decade or so, it would be a monopoly but not a pure one.

I don't think so, because some exchanges are still have good volume and I'm pretty sure most of the users of Binance also have their accounts in other exchanges. Monopoly means only one in the market, which is not in the case of binance. I understand their aggressiveness but I think binance are still far from controlling the cryptomarket.

The fact is that there are a lot of questions to binance, especially after their administration members make certain statements.  First of all, I want to note the fact that it was precisely the excitement in the information space that gave binance such an impetus to success.  Note that such situations do not happen by chance.  In addition, a statement to a member of the administration of binance.com that they can confiscate user funds or block an account at any time is alarming and contradicts all the rules of decentralization.  Of course, this applies only to offenders, but nevertheless, this situation already speaks volumes.

This is being spoken about very actively lately, probably it really is and we don’t really need monopolists today, because today cryptocurrency should be decentralized and I hope that they will maintain this status.

Too much power in could be dangerous as it is a small market but Binance is doing
great and innovative things and dominating among the exchanges in a fair competition.
Other exchanges should follow Binance path and start doing innovative things not
just collecting the fees.

I heard a rumor that Binance is going to launch a stable coin, did you too?
I like CZ's way of doing things in crypto. Holding here Bnb for long.

https://www.coindesk.com/binance-may-consider-bitcoin-rollback-following-40-million-hack

CZ contemplates if he wants to/or can dictate Bitcoin miners

The recent hack also makes the point clear why we need to diverge away from Binance. Depending on a single exchange for our trading needs would hurt us one way or other. If we just diverse, we'll be getting lighter blows.

I saw a post way back whereby CZ indirectly advised the crypto community to keep funds in Binance, stating its safe on twitter. For me it's best to store crypto assets on personal wallets.  In my opinion, Decentralized exchanges and hybrid exchanges will win in the long run, is just that most decentralized exchanges right now do not have what it takes to compete. Well, the progress with developments on Binance like Binance chain and DEX is a plus, still impressive.

This exchange has long been a monopolist in the cryptoindustry. Something not very good is coming with this exchange.

Think about if there is no centralized exchange, asset management will be more difficult if we are attacked. I think the presence of a centralized exchange has helped people get insurance when participating in trading. In fact, decentralized exchange is better but it is very easy to be attacked and it will be very difficult for us to get money back when that happens so BINACE DEX is just my second choice in future

Binance and its coin will be popular among traders till this platform and IEOs can make xxxxs, the same story was with ICOs

I heard that too but don't know if they can really achieve what they said because their plan is to create one of the biggest coin available on the market right now and their target is to reach 10 billion users which is kind of inimaginabile. Anyway, Binance did a great job with their BNB coins and if they can do that again with the other coin they are planning to launch I'm sure we'll have a new coin sitting in the top 10.

I agree, even if binance is the most widely used exchange around the world, it is better to use several exchanges than to use just one, while this means having several accounts and making sure that each one is properly secured, in the case of a hack to one of those exchanges your losses are going to be limited to only a fraction of your capital, however what we really need is that decentralized exchanges become more popular but I do not know what it will take to make traders to wake up to the reality that centralized exchanges will never be completely safe.

it should be a good thing for all of us, because it will make it easier for us to choose a good investment, they are a large community so it will be very profitable to see and follow their steps because as we know that large communities can change many things , so when we invest according to what they say, then we will most likely benefit and isn't that what we are looking for?

It is better to store the funds on the Ledger, only several percents on exchanges for trading

Such thinking does make sense because Binance is exchanging crypto which has a large market share, after which it creates crypto to be traded. The result is quite good because the sales are large and the price is high. Today Binance Coin costs US $ 32.
The achievement of this price is very good compared to other coins that have already circulated. Maybe investors believe in the work of the professional Binance team and master crypto technology so that coin sales reach high prices. It's not as high as Bitcoin or Ethereum, but it's already very good.

It doesn’t make sense to me also, binance is strictly just using its strategy to win the market and they are having beef for it. One question they would have asked is how they are monopolizing the crypto market. When the exchange platform was hacked, did they force anyone to stay with them? NO.

People stood by them because the saw the potential in them and having believed in the best their technology is capable of bringing to the real world. I have been with binance for a long time now and I have remained with them because of the benefits I am enjoying through them that other exchanges does not have.

According to the daily traded value Binance is not the top1 but the OkEx is number one. BNB coin is most traded but still it is in the rank below 5. So, you can't say Binance is the crypto monopoly.

They are getting stronger and stronger every day.

It is harmful to decentralization but at least they did pay from their pocket when the hack happened.

I agree, again I'm not the only one who shares this view. One just has to look at the history of crypto and other notable figures (Vitalik notably) who are expressing various of concerns.

I think that very soon, many people will understand that this is not correct. I do not believe that Binance can create a monopoly - someone will stop them

What binance is doing can be replicated but it demands a lot of money and good leader. Now they have lot of trust from traders that they keep increasing. now they are building their own blockchain and producing the most profitable IEO, its just a way to overtake ethereum by getting into the market directly. Imagine an exchange that handled hack so well that traders didnt lose anything, who wont want to get on this exchange. if any other exchange can do this let them give binance the competition

The only thing what I don't like about Binance is that they restrict some users to participate in IEOs+ not allowing to use DEX for some countries looks weird and controversial to DEX ideology

You actually nail it all cause I have also been thinking of this for a while that binance has now become an exchange that dictate the success of any project which is not suppose to be so as crypto ecosystems is concern .

The monopoly has generate to swapping ETH token to its own chain which is another way to get rid of ETH in the smart contract chain.

Binance has become more powerful that if it badmouth any project then fail is the project and if it list shit coin then the moon it goes which is a dictatorship to the decentralized ecosystem and it need to be checkmate in other not to have control over the crypto space.

The reason they do that is the fact that each of countries has their own regulation, if the intend to not comply with the regulation they could just make it available across the world because they are trying to gain as much customers as they can but NO the reason is regulation, some country doesn't like to accept such thing and some or I'd say the rest really have a strict regulation and it takes too much from a company to just get approved, that needs to be taken into account aswell.

Yes community is much powerful than them but every one seems save using them and also have this kind of volume generating opportunity for any coin you buy there which makes you believe that your coin or token will eventually gain some profit rather than other exchange that I will hardly see tones of volume which actually cos inactive.

And that's where Binance really play well, attracting more investors to use the platform/exchange and invite investors to buy their tokens for some benefits
and be allowed to invest with the launchpad where they also caters the sale periods of IEO's, very good marketing and business planning.

I am also concerned about the hegemony of Binance in the crypto market, but while the situation does not look serious, there are many competitors who are able to impose competition. But Binance looks even today like Apple or Google in the early stages of its development.

Exactly what I have in mind, I see Binance is very popular and many volume goes there. Many projects begging to get listed there, I heard a coin already apply for 1 year and don't even get a reply. To be fair, is not Binance fault, their services from the beginning make them the "best" crypto exchange out there. I just hope there will be another good exchange that can compete with Binance.

Yes, Binans is becoming a more and more monopolized system attracting more and more projects to its network, given that the coin itself is centralized, which can create quite a few problems with the development of the blockchain in the future.

I have once held this view, of course Binance is wielding too much and determining a lot in this space, they have worked hard for it and holding unto the powers they have, of course they are not careful with they may lose it. A lot of attentions now on Binance projects, Mainnet, new Binance stablecoin and a lot of successful IEO's. But the fact that Bchsv that was delisted from Binance some weeks ago still pumped reasonable recently means Binance doesn't determine it all.

unfortunately, there is indeed a monopoly, and in current situation one cannot get away from it. We need worthy competitors to binance, but there are not very many of them now.
The monopoly on crypto market is very bad for everyone, they can noticeably manipulate market.

I don't think that Binance will ever become a true monopolist, due to the simple fact that other exchanges are also constantly evolving (like for example coindeal is expanding by being available in US soon (https://coindeal.com/news/USA-coming-soon)). If something will happen to Binance again (better not) in some nearest future, they will lose much more than just money, but a huge part of their credibility. Being a number one is great, but it also makes you the main target.

But we can't blame Binance for this, their services are great, it's amazing platform. I hope that they won't outgrow the rest of the players to be honest.

You have really made a very good point. Now most crypto investors see listing on binance as the main indicator of a success of an ICO. People are influenced to invest more during ICO once they are being promised that the coin will be listed on Binance. This is really becoming a threat to crypto

Changpeng Zhao is not so scary, I'm more worried about the "whales" who at one point can bring down the price of any cryptocurrency for the sake of their machinations.

As you know most of crypto market volume in Bianance and most of investors also investing in Bianance projects so in future may be Bianance will be single manipulator in crypto industry .

Wow, I just heard this news. But I did not directly believe it. As far as I know, binance is one of the large exchange platforms but I have not been able to prove the existence of monopoly in this binance. All events are full of possibilities. I hope we can play healthy in crypto currencies. I hope you are also not affected to buy a coin that is considered profitable without you doing your own analysis.

Its hard to monopoly in cryptocurrency market because every people have their own choice. Its not binance fault if people like and use binance as their exchanger because the team behind binance doing a great job and binance is biggest exchangers in crypto world.

Of course people will believe on successful personality like CZ. Binance is number 1so traders will definitely go where the volume is. Probably they are monopolizing the crypto world but this is business, a competition wherein survival of the fittest. I think it is not their fault that they have a great business plan for crypto.

Despite the popularity of the binance,They will face a range of challenges in the future,And is reflected in the emergence of strong competition from new companies in various forms in the provision of services.

Binance exchange is that place where you can really earn money every day if you have some trading knowledge

I am confident in the further growth of this coin and stock exchange, because now they are fighting for liquidity, reducing commission fees. For me, Binance is the best exchange.

there are many other exchanges and platforms. what prevents them to show such great results as Binance does? the main key to success is the desire to become number 1.

Binance creates the great demand on their IEO launchpad. That is actual trick on binance to improve the marketplace strength. I am not sure why their community give this love on binance's listed tokens on their launchpad.
Bitrex, yobit, idax and many exchanges have the IEO but no one got the name or investment like we see on binance exchange.

Well binance got the strategy from the onset and work on how the crypto market is moving, setting their coin for an high way. Binance has built its reputation any IEO lauching there is sure to get a good Roi.

this is very likely to happen when binance is actually growing bigger in the exchange industry and will also expand their business not only to focus on the exchange, it can become a price monopoly

There's also a dark side of CZ who is banning whatever cons he like and whoever he agrees with or not. This game of listing for a fee and later delisting is going to make him a lot of money but it won't be clean money. They should enlist what their clients want not what they decide that is worthy. CZ is playing god in the crypto world.

well, i like ur opinion, and its already happened,
first,we see the binance academy with they try to learning about crypto then they create BCF a some foundation with blockchain system as a donation payment
and the last as a the new trend is launchpad,
well, as i think for the first, binance really growing fast, but besides that , we know also the effect of it is really strong.
they already come from all sides of the world.we cant ignored it.
and it cant be stopped. well, i just thinking besides CZ like a good guy but he have huge ambition.
hopely he will not going wrong with all of the power he get.

As long as there are developments, l believe binance will remain on top but we wl never know if another exchange will pop up and suddenly will be a game changer. I heard new exchanges like membrana and ezbitex in which I can say that will have a  bright future.

From what i am read, there is no fake volume in binance and this exchanger trusted by many peoples. I am agree that binance still best exchanger in crypto market because listed only good project and sometimes give free listing fee for good open source project

It is very bad that Binans becomes a crypto market monopolist. I hope this is not for long.

You're the second person I'm seeing that's saying this. Someone once mentioned this that binance might begin to manipulate the crypto space completely. Well, one thing I have always believed is that cryptocurrency is something that relies on the power of the people, so it's up to the people on whether they want binance to control this space or not, it's completely up to people. If they allow them, then they will, but if they stand and refuse and do what they are supposed to do then it's not going to happen.

did it will happen ? i don't see like that.
i think binance will never be a crypto monopoly like you said, but OK that is unique statment.
we can see Binance exchange is te biggest exchange in cryptocurrency that make a million dollar volume trading every day.

So what should all crypto communities do to thwart this monopoly? Because with the popularity of binance today, it is very difficult to prevent it and it cannot be done alone or individually.

Binance is a well done site, very functional and that occupies a very important position today. This is in large part due to all the innovations that the site has shown, it is a forerunner in several areas. However, I personally keep a distance because I think there is necessarily a shadow part behind this success. 

For example, when the team keeps reminding us that its 'dex' is completely decentralized, I invite you to watch the following video that tends to prove ... the opposite :)  ::)

https://www.youtube.com/watch?v=xXmYxN8g2TQ

Now it is very easy for Binance and CZ to control the entire crypto market.
But how Binance become the biggest crypto exchange? What they extra offered?

In the company's economic principles, good service, low fees, so many token, not complicating KYC are mostly binance advantages, this is what makes their services preferred by crypto users

See Binance secure this position only because they are very serious about the business, even they have very talented people behind the Binance blockchain. Firstly, they are very active in responding to the people question and the developments they do. The community will show more interest only when there i active developments and updates from the team. Transparency is a major key in cryptocurrency.

with what CZ_Binance is doing,  it's more than just making  his coin more popular it's about centralizing it, where by he owns how to control and manipulate his coin which is so bad for the crypto space, had it been bittrex was not overthrown such might not have happened

Yes, but not for a long time, we always have rising and failing projects. Binance could die at any time only because it's in the 1'st place.

I'm full an agree with your conclusion and support the approval the opinion  by TS-Binance is a way to monopolize. Centrally support the price increase BNB is a marketing method of manipulating the desire of community members to get instant profit and not tomorrow, but today. I think there are many successful and worthy exchanges besides Binance.

The fact is that all declarations on decentralization are no more than a marketing move, as things are very different.  Already appeared information that no one with the administration of binance announced the ability to control user accounts and accounts.  In a centralized platform, this can not be done, so why is it possible here.  This situation is one of those moments that I must alarm those users of cryptocurrency who use binance.

It is very possible to happen where binance can later play a price or move the price of bitcoin. because at this time binance exchange is also the biggest in terms of volume and also the interest of people in investing in ieo binance is quite large

maybe, if on the crypto market there is only one exchange, namely binance.
now we can choose many platforms that we can choose and like according to our beliefs.
binance will monopolize and do politics on their own coins and exchanges. and I think it's natural, because they have plans and strategies for developing their platform in the future.

I afraid other situation. When Binance will become so big that the real big money will pay more attention to owners and users. About decentralization I don't have any issues because it's their money. That's why it will be distributed ledger only. No any DAO or miner nodes. It's a business and nothing more

Not sure how much related my reply is with your thread, maybe it's an offtopic.
Exchanges are mostly shady and doing every movement with objectively, of course, profit is the 1st thing everyone wants but there something else as well.

Kucoin has started Staking Reward for DeepOnion (https://www.kucoin.com/news/en-onion-soft-staking-official-rules-cash-back-investment-program-for-deeponion-onion-holding). Please notice that the current reward for DeepOnion PoS is 1% (https://medium.com/@bykardinal/deeponion-staking-guide-66fce0ecc901).

For your info, I am an investor of DeepOnion but I have my self-respect and I can't bear it if something shady happens.

As I said, current DeepOnion PoS reward is 1% but Kucoin is offering 2% which looks like fishy to me. How can that be possible? Why they will pay out of their own pocket? What's the purpose behind it?
I know, probably they will pump the market hugely, I can make thousands of dollars but hell, I don't want this fake movement.

I have posted it to hear your opinion on this.

It's only because all crypto investors are using binance for their crypto transactions. It's all in our hands wether we want to trade on one specific platform or choose another one.

it would be very silly to choose another platform. Binance is very convenient for everyone at that moment, but if this exchange somehow will threat to the cryptocurrency world, then we can always prevent it altogether

This is true, at the moment BNB is really dominant, but I don’t think that monopolization is possible, all this will stop at one moment, as more and more new exchanges appear, that is, more competition, and anyway, better, faster, and convenient solution.

Binance is constantly working on expanding their trading functionality and improving the security system so that their users can feel most comfortable. They raised the level of service among cryptoexchanges to a new level and now they deserve to lead in the number of active users. I cannot call them monopolists, because they are leading in an absolutely honest and competitive struggle in the crypto market and other exchanges should raise their quality of services in order to match the level that binance has set .

Binance is becoming the most influencer company in the crypto world. I am afraid that by gaining so much power they will manipulate the market with the resource they have. They own CMC now too. I think what makes this exchange very popular is its active support system and very fast and good service for every kind of user. I think a centralized company in the crypto world should not get that much dominance.

I have no worries about everything binance is doing since 2019 now, no one is doing it and binance is taking the giant step, someone have to do this and stand up right for crypto sake and keep the technology alive, either manipulations or not bitcoin still stands decentralized and other coins too, the power that binance have or will have will end in centralized boundary

Binance is owning all that makes crypto interesting. CMC will definitely change, I feel it could be better though because right now its the worse. But it may not be listing something that competes binance's pet. Its payback time for the Chinese exchange to be listed though. There's been been just few that is listed.

No matter how much they try to hide the fact, the links that the Binance promoters have in China will surface eventually. And with the Western nations going after Chinese companies such as Huawei with all their might, it will be quite foolish to believe that they will grant an exemption to Binance. They need to plan for any hostile action from the Western governments, in the near future.

Am surprised to see this thread started a year ago, then I considered the space ambitious but now the exchange look like a threat to the space especially other exchanges and altcoins. I expect a reaction from other crypto force against acquisition except the CZ is not the owner of the exchange as some people rumored. He could be a name behind all this projects, and some funded by strong and wealthy hands around the world.

Then this is the time to be wise and we no longer should rely on coinmarketcap.

There is another cryptocurrency data/statistic source like coingecko which is pretty decent and even it provides more data than coinmarketcap.

Sometimes, the threat of monopoly arises because there are no competitors. But in this case, the competitor is already there and now it is in the hands of the user whether the monopoly will actually happen or not.

And if we start using Coingecko earlier, this will help the site get a good ranking on the Google search engine. And then people will prefer to use this site.

Seriously I just took time to go through it and you are not far from the truth, and with recent happenings, it is becoming more clear; this year alone has shown the true colour of what they are trying to achieve. There is no doubt, Binance is a very good exchange that keeps advancing but trying to takeover or rather becoming a crypto monopoly just like you analysed (which is of course true) is not good for anyone in this space. With CMC alone, everything will change and of course will be for their own profit, therefore I think it's time to start getting acquainted with coingecko before it gets out of hand and at least to an extent reducing their monopoly.

though their intentions maybe good, but you really cant remove the idea that they have some suspicious agenda here. they should have thought what people might think about this cmc acquisition. how can they counter the bias intent here? hiring a known third party auditor???

Monopoly? They're likely here to just outright control the majority of information sources available to new comers and steer them in their own direction which is smart business sense just most newbies do not know what they are getting themselves into, so if there's an educative introductory program available on the ins and outs of cryptocurrencies for new investors that might help if that's not in place already

The intention is to make profits as with any business but they aren't Bitfinex or Tether and still have a long way to go to get any of that marketshare but being an exchange that is not too strict on compliance is admirable for decentralization in this space

It's really scary having one man dominate a space the way CZ has done so far. If anything happens to Binance any day from now, it will affect the entire cryptocurrency space and give negative feedback but so far he's trying to have an upper hand which will entail dictating what happens in cryptocurrency space.

This is a very valid point for the long term. It's like capturing the whole crypto market and controling it. I also think it's dangerous z for now it might be helpful but lateron its dangerous. At the end of the day I hope we will have the freedom we thought we will have. Let's keep watching.

You are right, Binance environment and community is growing every year. I think that it`s not bad for crypto sphere that such corporations appear in cryptocurrency world. One problem is that there are few such companies. I know only Binance and Kucoin, hope that companies like this will be positively influence on all cryptocurrency

Binance CEO isn't free from personal bias and ego as we have seen in the past. We can't really rely on him to make the best decisions at all times, but of a truth Binance is wielding more power in crypto than necessary.

It was a surprise when I saw the announcement on coinmarketcap after quite sometime of not visiting that site. Reading through your OP, I think the aim/plans of Cz is quite obvious, he wants to take control over the industry. Well if you ask me I'll say he is been backed secretly by the Chinese government. China is very well interested in the cryptocurrency industry but don't want to show their full support until they have secretly taken control over the industry to prevent the US from having a share in what the future holds for the technology.

China is very interested in overtaking US for world power and if the future will revolves round the blockchain industry then the safest bet right now would be to dominate that industry and that's exactly what they're doing although for now individually.

Yeah, CZ has blocked the CEO of the Okex exchange after the offered help of the second-mentioned. The Binance exchange is a threat for centralization at one point and the Binance team should think twice before buying every sector in the crypto industry.

It caused by this is a potential market that still has a lot of room to grow. As far as i know, if binance has a lot of resources to do that. In my opinion, the current step that has already taken by binance to acquire the CMC is also a big move to spread the binance service widely. Binance is wanna trying to monopoly crypto.

well maybe this is april mop because it seems impossible if the coin marketcap acquires by binance, hopefully what I'm saying is true because if not then maybe the binance exchange place could be threatened because it would definitely be disliked by many other exchange places.

As an alternative to coinmarketcap you could check out https://coinpaper.io - The site convinces with one-liners for each cryptocurrency and sophisticated analysis tools, including a rating for each top 100 coin.

Bitcoin = https://coinpaper.io/coin/btc-bitcoin
Ethereum = https://coinpaper.io/coin/eth-ethereum

After everything I will trust Binance until I realized the problem. In my point  if Binance get success by monopolize than everything can control Binance coin. By wishes any project can success, cryptocurrency is for not to do that, after stock crisis 10 years ago, cryptocurrency is trying make independent everything.

This is very bad for Binance to becoming a monopolistic.  Binance just want to acquire and dominate. Binance just want to acquire the largest shares of company. Well I love the fact that the CEO is being ambitious. But is his ambition healthy and safe for the cryptocurrency space? Well I never supported his move for acquiring Coin Market. If that is true.

Surprise! Surprise!!
You have predicted this years ago and now it has turned into true? Yes, true that Binance is trying to acquire as much space as possible in crypto space and they already have that position. It has both advantages and disadvantage. Bad side has been mentioned by you while CMC will have a better look with Binance is an advantage for us.

Binance wants to become stronger in the crypto market and the acquisition of CMC has proven they have the financial resources to build a better exchange in the near future.

I think all information and data will now be managed by Binance. I just hope they can get rid of these scam coins out of this market because these are the only coins that make investors feel more risky.

as long as service to customers is maintained or even improved, it is not difficult for binance to achieve the highest position in the crypto world. this is good, to turn off exchange that is less credible, so that as bitcoiners we feel safer due to fraud

Binance is very huge empire. From exchanges and firm that they acquired it surely proves how strong they are. I am not saying this will ruin the crypto market and point of view of other people, but this is a good start that Binance extending their wide range of businesses. Coinmarketcap is one of the best analysis tool and portfolio tracker, I am looking forward on how Binance can improve it perfectly.

It's amazing what Binance has done since it began operating. Only in less than 3 years, Binance became one of the exchangers with the largest transaction value and also began to open branches in various countries. The innovations that continue to be made by Binance make this exchanger have a good reputation and I think this innovation will continue to be made

Agree. Binance and Coinbase are the main poing of centralzation in crypto space

Though Binance is one of the biggest crypto exchanges based on daily trading volume, has revealedthat it will be the chief sponsor of the Blockchain Africa 2020 Conference as it strives to stamp its authority in the continent. Their is also tendency that during the conference, it will announce its expansion plans in African nations, such as South Africa, as well as its initiatives and projects under the arm of the Binance Charity Foundation

Even though Binance is dedicated to increasing the freedom of money and the advancement of blockchain technology. The African continent is a major part of this mission – where millions are unbanked but remain innovative in their use of technology.
 
With this Binance is becoming Monopoly is inconclusive

I don't see any problem of Binance becoming a Monopoly in crypto space! All of their plans impressed me. Binance is trying every way to make crypto acceptable to the rest of the world! They are not just sitting by making an exchange, rather they are extending their range gradually and community supporting them too! In 2019, Binance had lots of new wings, and this year Binance acquiring more! I am waiting to see many more achievement in Binance platform!

You're right, that doesn't matter about a crypto market monopoly. when a platform has major updates that can be accepted by the market why not. many platforms and large companies in the real world do control a trade in their field.

Binance is becoming a crypto monopoly because of its strategies, people and ongoing success. In the end, it is every business owner/s dreams to become obsolete in their industry. However, this is as a result of the rest of the exchanges not taking as many risks or implementing what it takes to be the next competitor. In the end, this outcome is only natural.

As most conversations shift towards Binance's CMC acquistion, few heeded the warning or signs of monopolistic tendencies.

This is even more concerning now due to mounting pressure by the CCP on blockchain and businesses and the tension flare-up between the U.S. and China. I wonder how this will spill over into cryptocurrencies and the behaviors/tendencies of Chinese-centered exchanges.

Despite this, CZ still claims that Binance is run "without an HQ" while in practice they may be the case, in principal Binance has been increasingly responding to China's movements.

agree, it is not just Binance, it is a complete dominance of China in crypto regarding mining pools, hash rate and similar, and most of those companies, if not all, are dependent on China state, do not think that any of them would do something different from the politics that are designated from the China state, so it is kind a threat to the crypto community
will see how this is going to play out in the near future

Very correct..., with the rate CZ is going unchecked by anyone, he is actually turning this crypto space into his personal playground. Man is literally buying up everything and investing in several countries by opening up crypto exchanges and trading promotions. Not that it is illegal but he is truly turning the industry into a monopoly with him being the head of it all. I love the fact that he is a an innovative and ambitious man. He has to leave share for others too though...

It could be a serious problem in the future because now they bought also the coinmarketcap website which should provide independent informations about cryptocurrencies. So if they own everything - exchange, medias, stable coins, crypto, then they will completely control the market.

like a conspiracy theory, to be honest I prefer coinmarketcap held by CZ, because of course the volume that is informed there is the original volume, I like it, and we should support it, dont make conspiracy theory  ::)

First, this is a proof that Mankind will always be greedy whenever he is control. he will try to dominate as long as he tasted power. binance wield such powers that whatever projects they laid their hands on may survive whether it is a dead project or Not. Recently, they decided to stop withdrawal for some fiat currency with claims that they can not handle withdrawal yet deposits were open for people.
i think it is because the owner has such power that determine the market and projects.  such has led to what we are experiencing.

Binance is having the money to purchase every company and they are diversifying in their investment but i do not see this as a war between US and China but the way in which CZ wants to dominate the other exchanges with this acquisition.

Here is a fact that anyone can start a mining pool, all you need is to invest money, develop a good hardware that could challenge the Chinese hardware and then you can build a competition, if no one is willing to compete then who is to complain. The Chinese investors are more than happy to invest in mining farms and so is the reason the big farms are located in China, anyone is free to start their own elsewhere and why it is not happening is a food for thought :P.

Binance is indeed dominating the entire crypto market, and recently CZ acquired CMC which surprised many investors.

I think in the near future, Binance will be the most mentioned name, and new investors will tend to choose more investment. Of course, this is just my prediction, and it all depends on how CZ is developing because he has a lot of say in the crypto market.

It caused by CMC has become the main site to get the latest data of crypto capitalization and that's why so many people were feeling surprised when binance bought CMC. I guess there will be more major service will be bought by binance too in the future.

Binance has already started to dominate crypto business.

I think this is a good time to bump this thread and the OP deserves some credits. It's not good to give too much to one hand. It's bad for crypto.

Obviously this thread is outdated in the respective dates and timelines mentioned, but in terms of the core concepts and ideas this thread is more relevant than ever. CZ is an intelligent individual and Binance has done a world of good for crypto as a whole. In the end it's survival of the fittest. Binance will continue to crush its competition and gain more market share. As long as user's feel safe* and continue to profit from Binance.

Coinbase is shackled by regulations in the U.S. to make any significant grounds. But where Coinbase ultimately lacks is on the international stage, the territories were Binance has claimed supremacy over all other CEX's. Binance is bounded by almost no country (due to being shielded by subsidiaries that are not linked to the core Binance company) and their pockets are deeper than any other business currently operating in this space.

Is a monopoly in crypto a good thing? No monopoly is good due to a stagnation in innovation. But the general sentiment is that user's don't really care about the core philosophy behind blockchain and cryptocurrencies as much as they used to. So having a monopoly isn't seen as a bad thing currently, but will become a bigger problem years down the line. Governments are also a big pressure on this front in terms of regulation. Although, that's an entirely different topic. I will say most of Binance's success has come from not obeying regulations or doing the absolute bare minimum. And any company executive would do exactly the same. There's no reason for Binance to do anything but the bare minimum in each of their respective countries they are operating in. That's essentially their edge along with their trusted brand name.

I'm very confused about one thing, that, sometimes I thought that coins are nothing without BTC, because most of the time, when I see the bitcoin price falls then other coins' price also falls, and vice versa. I didn't understand how Binance is working on all of these and BTC to the top of every coin, that is out of control.

Binance is amongst top holders in many project they can easily Maunplate the Market Like Just Check the Binance holding with Twt they are amongst top holders of the Twt and Cz tweet had pump the TWT token Binance doesn't like the competition so that's the reason we can't trust any Centerlized exchange it is always recommend to store less funds in all Centerlized exchange if it's Binance also we just can't know what are they cooking inside like Ftx

Business is always business. When it comes to cryptocurrency, Binance have already topped the market. It always wants the rest to be down to it. When it feels the competence high, it looks for the possible chances to drag the competitors down. One such incident have happened recently. This could continue.

It is undeniable that Binance is already the strongest existence. It is right to defeat competitors and go to the altar. No strong person is allowed to share his supremacy with another person. Although we support decentralization, it does not mean that centralization is completely dead. , I think Binance can exist until we don't need it anymore, during which time I hope Binance can really protect itself and users' funds.

Why do so many people use it?
Currently, they have quite a complete range of products that can be offered to serve their customers and a very good reputation from all centralized exchanges, besides that they hold giveaway events at certain times so that users are attracted to use the platform, and also many projects built on the Binance network so the ecosystem of the Binance network is quite complex.

I don't advertise Binance, but this is what will be a thorn in the side of decentralized development, I can't imagine if Binance will crash any time soon like FTX, the domino effect will be more than we can imagine right now.
It's safe to say that everyone will switch to DEXs, but what percentage of them still believe in Bitcoin as an investment alternative and how long will it take for the market to recover if Binance crashes?
even though we know Bitcoin is different from Altcoin it will still be very influential like FTX.

That's why Binance can be like a dog that will bite its master at any time.

Its funny, isn't it. The rallying cry for crypto is 'avoid decentralization and the government and embrace decentralization' but it has turned out to be the reverse. The bitter truth is this: total decentralization is impossible. We cannot be entirely free of government or bank interference. And we need regulations too, if not crypto would go to the dogs

Well they are becoming a crypto monopoly because of popularity. And it does not matter with the legal battles.
 
People still want to use the services. The CEO CZ now says there is 150 Million registered users on Binance. 

https://bitcoinist.com/binance-records-user-milestone-amidst-regulatory/

It's not entirely a monopoly but Binance has become the synonym for crypto exchange for new users. It is larger than double of it's next competitor but there are several more exchanges that handles larger amount of transactions.
They haven't manipulated the market in their favor or against it's competitors. They have achieved the success purely due to efficiency and security of their service. It's about maintaining balance and innovating for security and customer service.
FTX was considered to be a good alternative for wholesale traders with their lower fees but the mismanagement of the exchange led to its demise.

Binance can be called a monopoly because they have no serious competitors in this market. They destroyed FTX, which was probably the only one who could compete with them. Now the bulk of altcoin trading takes place on Binance. Any user most likely trades on this exchange. The other major exchanges are seriously inferior to Binance.

the movement binance take down ftx was genius, when they knew in the future will deal from sec and goverment worry if binance collapse because the ongoing case
will cause massive damage, that ftx already showing to u.s how bad if some crypto exchange collapses. know they worry to take down binance will be catastropic to many people. it might binance only paid penalty fine. and cz continue to dominate  :D

Well maybe it is a monopoly have 128 Million users. But it wants to make it so people can communicate. Now there is now a Binance Messenger you can download but it does need a invitation code.
I will want to try this out when if I have a invitation code. I do my trading with Binance and think it is a secure exchange so I will trust a chat app from it. https://www.kryptomoney.com/binance-messenger-now-accessible-on-app-store-details/

Sometimes I don't even want to start reasoning the amount of impact this possibility would have on the crypto market because binance for now is currently the biggest CEX, that's if not mistaking and taking such a firm down by the sec would definitely send negative vibe to all crypto users and the impact will be x3 of the one that FTX had on their customer but I know CZ is too brilliant to actually let that happen, he is what we can call a good business strategist and will do everything within powers to maintain such reputation in the crypto space.

Let me clarify that monopoly means there is only one firm that dictates the price and supply levels of goods and services, and that firm has total market control. Here, firms are the price-makers because they control the prices of goods and services. And in a competitive market, prices are dictated by supply and demand.Here, I don't believe Binance will control the crypto price, but they will benefit from the transaction charges, of course. And moreover, if the market has more than one firm that has real potential, then only all of them will survive in this competitive market. But when it loses trust, then definitely people are not thinking about the market monopoly but the money they put in, even if it leads to a monopoly.

 :o
What is the problem with that if binance is a monopoly? BlackRock is managing 9Trillion worth of asset they are the real monopoly. What binance doing is trying to provide quality services and that's why they have so many customer. They are providing all the option to a customer that someone their customer needs. Users don't need to use any 3rd party platform to use any of their services its all there. Its like the crypto version of Alibaba.

This thread was created 4 years ago but it aged pretty well

I believe that binance, being the number one exchange, has nothing to do with monopoly, because there are other exchanges that exists and are doing well too, like remitano. Binance is at the top because of their excellent services and integrity, nothing more, and therefore customers are more interested in getting delightful services from them than worrying about if the exchange is manipulating other exchanges to go down or delisting some crypto coins. When you have confidence in a company, you'll want to believe that every measures that it takes will be to the advantage of their customers. Investors care more about where their money will be secured than how the exchange treats their competitors. It's a normal thing in business, the big player wants to crush the ones under to remain at the top.