Binance is a threat to the crypto space

[trauchot]

At the moment, and most likely always for a long time, Binance will be the most popular and most sought-after cryptocurrency exchange. Every major investor prefers to trade precisely on the Binance, and almost every company that has its own token, also wants to list their token on the Binance.

[Taufik blackspade team]

At the moment, and most likely always for a long time, Binance will be the most popular and most sought-after cryptocurrency exchange. Every major investor prefers to trade precisely on the Binance, and almost every company that has its own token, also wants to list their token on the Binance.

for now maybe yes, binance is the most popular exchange. but that does not mean that in the future he will be replaced.
we all know, how bittrex, and poloniex have also been popular, and they have finally been replaced.

[akitha]

binance is a good exchange as they are the number one exchange in Coinmarketcap,given the fact that it was hacked, but the threat to crypto space is far from reality.. there are also good exchange out there..

[thehulkk]

In my opinion, Binance trading floor gives people many opportunities to do business and bring profit. Most people only care about profit, and when Binance Coin brings everyone's profit, the Binance Coin still grows.

[xenomorphe1]

I would say that let people decide where they want to trade coins. Some like big exchanges, some like small exchanges. It all depends on the big whales.
Some exchanges are trying to copy the business plan of Binance.
I am still waiting to see if people are going to switch to decentralized exchanges or not. But for the moment it doesn't seem to be the case.
Hack or not, people don't seem to be afraid to trade on centralized exchanges and do KYC. But some "decentralized" exchanges like IDEX want to do KYC too i heard. So, they are not so decentralized.

[imstillthebest]

You are right because too much dominance can eventually lead to a monopoly, however, there are some constructive aspects of this scenario that can be beneficial to the industry such as helping IEOs gain further popularity, providing trading options with less restrictions than more regulated exchanges in different regions and decentralized platforms

Its a challenge for some exchanges to compete with BNB, and I'm sure BNB will never dominate the market because there's a lot of exchanges who can also provide good service. If the IEO becomes stable then its the benefit of cryptomarket, but I know ICO will have a good comeback because of ETH new development. This become a threat if BNB continues to control other coins, but I'm not scared because bitcoin will still be the top coin.

yeah it is and bnb is actually already dominating when it comes to good exchangers  . many users love to use and to recomend binance because binance is indeed a really good exhange with good service , they also have higher trading volumes while others exchange cant possibly do all of those   . the stability of the ieo will also depend in the exchage , if an exchange is good then the ieo will also become good and stable , if not then ieo will not become stable  . overall , i dont see any reason on why binance is a threat because i only see benefits when using binance  .

[JeffBrad12]

Well, I don't think binance is a threat, rather it has impacted a lot to crypto space. A good product sells itself, CZ deserves it, reaping his hardwork. I understand there are other standard exchanges like Kucoin, Huobi, Okex, Bitfinex, Bittrex etc but Binance has really been great. Binance chain and Binance DEX adding the shine, I don't really think it's a monopoly issue here.

I am agree, we should not think binance is a threat because the team behind already give hard work. Binance become biggest exchangers because they can give good service and provide good trading volume for their customer and i am believe this exchangers is favorite exchanger for crypto community

Binance is really unstoppable and there is nothing or any FUD that anyone can create about them that will ever stop people from recognizing and acknowledge them. This great company is really trying and has spread its love across all.

We can see how they treat their users, they offer them low trading fee, they give them benefits a lot and they do everything possible to make sure their investment with them is worth it by making sure the value of their coin keeps increasing with numerous projects they are using to support it. I wonder why people are always enemies of progress and it is because of this envy that made them try to tarnish their image by hacking them.

Those can't create FUD to the binance caused by it has a lot of useful product until the bad news has come from binance like binance was getting stolen through its vulnerability. Binance will keep try to dominating the crypto space right now.
And that's the binance platform is increasing a lot on any aspect that related to the development of the binance.