JollyGood (OP)
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April 04, 2019, 05:39:06 PM |
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Binance Set to Launch a Crypto Exchange in Singapore https://coindoo.com/binance-set-to-launch-a-crypto-exchange-in-singapore/Binance CEO Changpeng “CZ” Zhao revealed this exciting news at the Deconomy event in Seoul, South Korea. He back this up with a tweet which reads: “#Binance Singapore will come online in April. It will be our next Fiat to Crypto exchange servicing $SGD [Singapore dollar].” He, however, didn’t reveal more details regarding the project. Thank you for the info and link. I think they are going full steam ahead trying to get in to FIAT banking internationally for their exchange. They already have Binance Jersey. |
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JollyGood (OP)
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April 18, 2019, 09:16:08 PM |
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Binance is wasting no time in trying to go further and better than any other exchange out there. Regularly trying to innovate, regularly trying to stay several steps ahead of their competitors. |
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miningguru
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April 19, 2019, 06:17:38 AM |
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Yes, i see in the twitter update given by the Binance CEO, after launching their main net. Mithril is going to be the first token to be implemented on the Binance blockchain this is going to be the first milestone for the Binance company. |
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TCTDev
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April 19, 2019, 04:20:40 PM |
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Recently there are some gossips around and different opinions around Binance and their blockchain, here is one of the articles, where a gossip was mentioned that they try to use leverage to convince projects to migrate to Binance Chain with the option to offer favorable terms if they switch “Well, let’s just say that projects who move some % of their chain off of Ethereum to Binance Chain will get favorable treatment — and those that don’t could be delisted if their volumes are less than $1M/day,” the person said. I'm curious, is it just an attempt for the FUD or they have real support that this is happening on the backstage? What do you think about that? |
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Rune
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April 22, 2019, 02:16:52 AM |
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it is crazy how big binance got this fast so far everything has been good but that probably when you don't want to leave your coins on the exchange anymore.
before there are problems you get out
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JollyGood (OP)
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April 22, 2019, 10:51:34 AM |
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Yes, i see in the twitter update given by the Binance CEO, after launching their main net. Mithril is going to be the first token to be implemented on the Binance blockchain this is going to be the first milestone for the Binance company. Would be interesting to see where Binance go next. They want to take on Ethereum by offering Eth like services on their own blockchain. |
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alyssa85
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April 23, 2019, 01:29:08 PM |
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Bloomberg is now covering Binance and their blockchain: https://www.bloomberg.com/news/articles/2019-04-18/largest-crypto-exchange-leverages-influence-with-own-blockchainBinance, the world’s largest cryptocurrency exchange, launched its own digital ledger as the fast-growing company seeks to leverage its clout to get developers to switch projects from rival platforms such as Ethereum to its own native blockchain. The distributed ledger, called Binance Chain, will allow crypto startups to issue coins directly on the company’s platform. It will also serve as the basis of Binance’s planned decentralized exchange, which will let customers trade more directly than on centralized exchanges. The Malta-based exchange’s native coin, known as BNB, will move off the Ethereum network to the new blockchain. "The launch of Binance Chain is one of the most important crypto events of the year," Kyle Samani, co-founder of crypto hedge fund Multicoin Capital Management in Austin, Texas, said in an email. Raising funding through Initial Coin Offerings conducted directly on the Binance Chain is seen as a big attraction for token issuers and investors because of the liquidity and exposure of the Binance exchange. In the past, startups that issued coins on the Ethereum network often found it difficult to get their tokens listed on exchanges even if they were willing to pay listing fees. "Binance Chain is competing with one of the primary use cases that helped catapult Ethereum into what it is today: issuing and trading tokens," Samani said. "And because Binance Chain is designed with that specific purpose in mind, it does a much better job (speed, transaction fees, etc) than Ethereum can. I expect all of the regulated token offerings and ICOs moving forward to take place on Binance Chain as it simply provides a much better platform for these use cases." The effort could also boost usage of decentralized exchanges, known as Dexes, which until now have accounted for only a sliver of trading volume. Binance expects that over time trading will shift from its centralized exchange to its Dex, so software located on Binance Chain would largely govern transactions. The Dex will extensively use BNB. People who currently hold BNB issued on Ethereum will be able to swap it for the same coin listed on Binance Chain shortly. "Users and fanatics will now be able to directly participate in the economics of the platform without any barriers," Jeff Dorman, a partner and portfolio manager at Los Angeles-based Arca Funds, said in an email. "The biggest question mark is will the Binance Chain be able to offer the same speed and functionality as the Binance Exchange? We think so.” |
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milewilda
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April 23, 2019, 07:20:42 PM |
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it is crazy how big binance got this fast so far everything has been good but that probably when you don't want to leave your coins on the exchange anymore.
before there are problems you get out
No matter how big it is but my principle wont really change.lol Bloomberg is now covering Binance and their blockchain:
By a company that blooms out too fast then it would really create some noise and with these media sites will normally feature it out. Everything is blank- or its just me? The platform is pretty neat and do reminds me with most previous Dexes but this one is much more better in the eyes.lol |
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kenzawak
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April 23, 2019, 07:56:09 PM |
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Everything is blank- or its just me?
Don't worry, it's not you.  It's gonna take a few days before trading starts. |
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JollyGood (OP)
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April 23, 2019, 08:06:00 PM |
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Recently there are some gossips around and different opinions around Binance and their blockchain, here is one of the articles, where a gossip was mentioned that they try to use leverage to convince projects to migrate to Binance Chain with the option to offer favorable terms if they switch “Well, let’s just say that projects who move some % of their chain off of Ethereum to Binance Chain will get favorable treatment — and those that don’t could be delisted if their volumes are less than $1M/day,” the person said. I'm curious, is it just an attempt for the FUD or they have real support that this is happening on the backstage? What do you think about that? All things related to their own chain will be under the watchful eye of the whole crypto community. It will be interesting to see what happens to Binance in the near future. I think they will continue to innovate and stay miles ahead of their nearest competitors. |
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Kemarit
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April 24, 2019, 03:01:57 AM |
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Recently there are some gossips around and different opinions around Binance and their blockchain, here is one of the articles, where a gossip was mentioned that they try to use leverage to convince projects to migrate to Binance Chain with the option to offer favorable terms if they switch “Well, let’s just say that projects who move some % of their chain off of Ethereum to Binance Chain will get favorable treatment — and those that don’t could be delisted if their volumes are less than $1M/day,” the person said. I'm curious, is it just an attempt for the FUD or they have real support that this is happening on the backstage? What do you think about that? All things related to their own chain will be under the watchful eye of the whole crypto community. It will be interesting to see what happens to Binance in the near future. I think they will continue to innovate and stay miles ahead of their nearest competitors. Obviously, Binance has set the bar really high as far as what crypto platform should be in the future. Their competitors are just following their lead and that is why they can't overtake Binance. I wonder though who's the man behind all innovations they doing, it is CZ idea's alone. Yes, I'm sure they will continue to introduce lots of development for crypto sphere. |
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JollyGood (OP)
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April 24, 2019, 10:30:02 AM |
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Obviously, Binance has set the bar really high as far as what crypto platform should be in the future. Their competitors are just following their lead and that is why they can't overtake Binance. I wonder though who's the man behind all innovations they doing, it is CZ idea's alone. Yes, I'm sure they will continue to introduce lots of development for crypto sphere. Who are the nearest competitors to Binance? What are their near-future plans? |
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Kemarit
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April 24, 2019, 01:52:20 PM |
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Obviously, Binance has set the bar really high as far as what crypto platform should be in the future. Their competitors are just following their lead and that is why they can't overtake Binance. I wonder though who's the man behind all innovations they doing, it is CZ idea's alone. Yes, I'm sure they will continue to introduce lots of development for crypto sphere. Who are the nearest competitors to Binance? What are their near-future plans? Before it was Coinbase, Bitfinex Bitstamp and even Kraken in 2017. I speculate that time that Binance's volume is around 10% but surges up to 50% in 2018-2019. https://techcrunch.com/2019/04/17/coinbase-launches-in-11-countries-with-crypto-to-crypto-conversions-only/. And since Binance started this whole IEO hype, lots of exchanges are also following that path. And with Binance DEX, they really leave the competition behind. |
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1Referee
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April 24, 2019, 10:23:27 PM |
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Who are the nearest competitors to Binance?
What are their near-future plans?
Binance's trading pairs against USDT should be taken with a grain of salt. I usually don't include any USDT exchange because you don't know if the tokens are actually backed by dollars in a bank account or printed out of nothing. I strictly focus on actual fiat exchanges like Coinbase, Bitstamp and Kraken. Both offer USD and EUR deposits which gives a better overall pic of the market. CME is also a very decent indicator with how there is basically no way to manipulate the volumes there. Top volumes last 24h; CME $350 million. Coinbase Pro $88 million. Bitstamp $60 million. Kraken $45 million. |
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JollyGood (OP)
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April 25, 2019, 10:40:38 PM |
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Obviously, Binance has set the bar really high as far as what crypto platform should be in the future. Their competitors are just following their lead and that is why they can't overtake Binance. I wonder though who's the man behind all innovations they doing, it is CZ idea's alone. Yes, I'm sure they will continue to introduce lots of development for crypto sphere. Who are the nearest competitors to Binance? What are their near-future plans? Before it was Coinbase, Bitfinex Bitstamp and even Kraken in 2017. I speculate that time that Binance's volume is around 10% but surges up to 50% in 2018-2019. https://techcrunch.com/2019/04/17/coinbase-launches-in-11-countries-with-crypto-to-crypto-conversions-only/. And since Binance started this whole IEO hype, lots of exchanges are also following that path. And with Binance DEX, they really leave the competition behind. At the moment it is difficult to take any of those names you mentioned as serious competitors to Binance dominance. The future will be different but for now Binance looks way head of any competitor out there. |
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