Is there any other exchange site that allows 1 confirmation only for Deposits and 2 confirmation for withdrawals? Other sites might follow this if they don't want to loose users or their users to shift to Binance and as to Binance, its a sleek move but I hope they can handle all of this since it looks like their goal is to attract more users in their site.
Obviously they've supposedly raising the bar and wanted to remind on top. But you will see that they are doing it to take advantage specially that crypto is now moving in a bullish direction. If they can at least cap 10% of new users coming and riding the bandwagon, then good for them
. I'm not aware of any other trading platforms with 1/2 confirmations for deposits/withdrawal as well. But if other platforms wanted to do a catch up, I'm sure someone will follow what Binance has done about cutting time for deposits/withdrawals.