Binance is a threat to the crypto space

[proTECH77]

As you know Binance is No.1 crypto exchange in the world and most of users are trading on Binance and in future may be Binance will full hold on all market.

Quite understanding mate, the future of Binance look pretty much if someone suggest that it may take the whole stronghold in the world of cryptocurrency. Binace as we know has a good reputation and good customer care service, most traders prefer to trade in Binance than trade in all other exchanges in the crypto-world

[Bessta]

I don't think that it is a threat to crypto space because it helped a lot of the investors to get into cryptocurrency and they still got their strategies up to make the community better. Even though the hack ruined their reputation a little, getting hacked could also happen to anyone and I am pretty sure that they will solve it. But I would still consider your point on this.

[fallensky7]

I don’t think that the exchange is a threat. I have no doubt in the possibilities of the Binans exchange to manipulate the market, because they have enough resources for this, but do they need it, why should they question their credibility and lose users? Binans remains in the lead as long as users trust this exchange, but if they stumble, a new favorite appears.

[ahmed04]

I wouldn't say that. Today, Binance is a trendsetter in the cryptocurrency space. Because They are incredibly productive in their industry.

[sadewa69]

I wouldn't say that. Today, Binance is a trendsetter in the cryptocurrency space. Because They are incredibly productive in their industry.

more precisely the trust of traders and investors on their platform is very large. compared to other exchange platforms. we can see where maybe almost all crypto traders must have binary membership. because there are very busy traded assets there.

[digitalblock]

I do not believe that Binance is a fraudulent policy. It seems to me that this is a strong policy of an independent project. It is important to understand that they were able to turn the ICO industry.

[yvesp110]

They are not a threat to the crypto community, because I think that they are the only company that are doing so much to near the mass adoption and to increase the standards of the whole industry. They are doing an awesome job.

Yes these companies are trying to set the foundation of crypto market and there are going to be more and more companies like these in future but they would be for business and not just for ideology. The only threat I see in the crypto market is the hacking think that can happen to any exchange and any wallet. This is something that needs instant great solution.

[kanmo]

I also agree with the fact that there has been too much importance on CZ and binance. No doubt, binance is the best exchange in the world for now but placing too much importance on the exchange makes it to be a threat to crypto at large.

[Bananington]

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.

[ololajulo]

What binance is doing is just in a better way, they are not the first exchange and had only started in 2 years. They are likely to face stiffer competition in the nearest future which could give them a fight. Obviously their blockchain could make ethereum lose some project interest in the future and the EU currency stable coin could also win some traders over.

[Cheesus]

Though I like Binance, but I can't disagree with you! Because people are blindly following Cz the Binance CEO! Now, a single tweet from CZ can manipulate the crypto market. Overpower is not good, so Binance can be a scary project for others! I hope those days may not come ever!

[bluesnup]

100% agree! Binance has the power to manipulate price and do whatever they want. They got a following like sheep and don't realize what can happen to crypto. I see cryptocurrency as a value of privacy and security, if a group starts handling by force this space we will start losing everything. I do not rate Binance at all.

[vermigerous]

There can't be no chance for binance to become a threat on crypto world, it's just a mere exchange market. there is no manipultion or whatsoever there's nothing like that will happen. of course they are currently the top 1 exchanges today there is no surprise if some other bad mouting them to become a threat on the near future.

[endogan]

There can't be no chance for binance to become a threat on crypto world, it's just a mere exchange market. there is no manipultion or whatsoever there's nothing like that will happen. of course they are currently the top 1 exchanges today there is no surprise if some other bad mouting them to become a threat on the near future.

You must remain vigilant in doing anything, every coin has a risk because each coin has different advantages and disadvantages.
Binance can be profitable if we can do good market strategies and conditions.
but if he threatens the Crypto I don't think there is a coin that threatens Crypto, they have different growths.

[kodtycoon]

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.

that is an innovation that is maximized by binance that every developer should compete in this space to be the best, about the existence of a monopoly or not I think that is common and not a big problem when they are able to maintain it properly

[Burogh]

Agree to disagree... whenever power is centered on one person or a group of people, there will always be dictatorships and manipulation.. I see a lot of people celebrating Cz on Twitter for delisting bsv.. but what they don't understand is Cz poses a greater threat to decentralization than faketoshi will ever be... even vitalik buterin agrees to this

https://www.google.com/amp/s/www.coinspeaker.com/vitalik-buterin-bitcoin-sv-scam-binance/amp/

Binance have a right to delist a project or list a project on their exchangers because of many reason. I think binance is right when delist BSV after too many Craight Wright claim as satoshi without a solid proof and it potential to scamming people

[Menawi12]

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

[TheICE007]

I really do not see binance as a threat to the crypto space but rather a multivating factor to other crypto exchanges. The rate at which the binance exchange is taking over is alarming and should make other exchanges to try their best to take over or do better and also earn the trust of investors.

[pageraji]

I think the first CZ acted in the name of humanity over wright's legal actions, and also if Wright established himself as satoshi it was not impossible that the legal copyright of bitcoin would be controlled by one person and the reason why satoshi remained pseudonym so that all community could enjoy bitcoin.

[HK88]

binance is the largest exchange in the world of cryptoqurrency and most users trade on their exchanges. But, however, it can cause negative things. so as long as binance has a good increase it will certainly be a defense in this crypto space.