Binance deserves the first Position on CMC

[tbterryboy]

Who could challenge Binance, they have the volume, their coin is doing great and majority of traders have an account here, what they do and what they say have an impact in the market, and it's every coin's goal is to get in Binance, the wide is  very wide for the second and third spot, they get the big slice of the pie.

Even all the points that you have mention is not true with binance, still they may enjoy the top position coinmarketcap as they own it. From driving the traffic from coinmarketcap purposes alone they might have bough it, I believe strongly. I agree binance is good and most people here are holding account with them but I feel that is not enough thing to guide new visitors of coinmarketscap to sign in with their exchange. But, it is their business model and we cannot do anything about that.

In recent times binance made lots of changes into coinmarketcap and I guess this again will get them more visitors. Previously coinmarketcap was accused for manipulating exchange volumes and manipulating listing of coins with fake marketcap and many other such things. But, I guess the new management from binance will not go repeating them so that they retain the same reputation like binance.

[1715122769]

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[0verseer]

So when I look int to normal cmc interface I see that Bitcoin is number 1. Nevertheless, Binance is currently the best exchange, with a volume and fair conditions out there. This makes its current valuation reasonable

Binance has always been the number one exchange in this market, and there won't be any comparable exchanges. I think if you have decided to choose this exchange, you should not look for other exchanges because Binance has all the features that the trader needs in this market. However, you should also be careful because this exchange has been attacked over 7000 BTC, and that is what makes me feel a bit nervous when trading at this exchange.

But after all, they are the only ones with the SAFU system and big enough to shelter the cost to pay back to the victim in case lost fund because of hacks. If it is inevitable to escape from being hacked or attacked then I rather stay at the exchange that at least has sort of insurance while they try to recover back my lost fund. Clearly, in this case, Binance was the only choice.

[Janus101]

It does not matter which one is on top as long as these top exchanges are capable of bringing their services to what their investors/customers need and they are satisfied with it. And I think Binance has been on CMC's top list eve before CZ aquired CMC and still it remain its good reptation as the number 1 exchange today in cryptomarket.

That's right. I don't get it why people right now don't like Binance after the Binance's deal of taking over CMC. They are the best one before the deal so it isn't like Binance needs to manipulate CMC to hold the top 1 position.

[ololajulo]

It is always credible and safe if the ranking is from an independent enterprise not the one you fund and pay the salary of the moderators. Interestingly the exchange wasnt at this tip before they acquire the platform, although binance has its name on everyone's lips. I also believe such regular appraisal by self own platform in the cryptospace may not help in competition and development of the exchange. Other opinions of the website are liable to be bias for the sake of approval, which could discourage the reliance on the information on the website.

[slashz9]

I agree with you, just look at the price of their coins, namely BNB has increased more than 9000% since its release on the market.
Other exchanges such as Huobi, Okex and Coinbase also have a good reputation.

[ScamViruS]

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.

[makishart]

I agree with you, just look at the price of their coins, namely BNB has increased more than 9000% since its release on the market.
Other exchanges such as Huobi, Okex and Coinbase also have a good reputation.

The BNB coin can't be used to determine the binance's position but it must be the liquidity of binance that can be used to determine the position of CMC.

The reputation is also an important thing too. How much already gained by BNB coin doesn't matter.

 

[Bitstar_coin]

This just made it more apparent that CMC was scamming its viewers by manipulating data.

And now binance lists itself at the top of the list on CMC which is owned by... binance.

Maybe they are right, maybe not, it doesn't matter anymore.

What really matters is, in this space I can't really depend on any data because now I know that most of the time it is manipulated bullshit.
 

Even if binance is good and I mean better than majority... (If not all the centralized exchanges)  out there, the fact that they now own and control cmc will always appear unsatisfactory to many people because they believe binance must have manipulated their way up, but from a more realistic point of view, other exchange don't provide the kind of services, supports, ideas, innovations and much more that binance provides to the crypto community,

Hate it or like it, binance deserves to be at the top, I don't see any other exchange who does what they do, going the extra mile to provide services, making exchange experience very simple, providing support for startups, conducting charity for the less previlage, given jobs to many people, creating easy access to buy and sell directly to your local bank account, and the list goes on,
If there was an external body to pass the verdict and rank exchanges according to their performance and service provided, surely binance will definitely take the top position imo.

[Tervelatuk]

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.

i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors.  and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project.

[Anonylz]

If it was up to me to rank this exchange on which should be at the top on cmc, I will not just look at the trading volume of that exchange alone,  the criteria for ranking will be base on the overall performance of the exchange, i.e their method of operations, the service they provide, feedback from customer's and their ability to be creative.

when you look at binance, you will see a real business with solid structure, binance have managed to branch out and introduce new ideas into the business, this is why they are taking the lead, cz knows how to be creative, introduce new ideas, I guess that's why many people prefer binance exchange to others,

Honesty, we all know that even the customer service of binance is first to none, their ability to resolve issues is top, how many people can actually say they have unresolve case with binance?   Am not here to shill for binance, am just stating the obvious. We don't need to like cz to say the truth.

[rodskee]

It is always credible and safe if the ranking is from an independent enterprise not the one you fund and pay the salary of the moderators. Interestingly the exchange wasnt at this tip before they acquire the platform, although binance has its name on everyone's lips. I also believe such regular appraisal by self own platform in the cryptospace may not help in competition and development of the exchange. Other opinions of the website are liable to be bias for the sake of approval, which could discourage the reliance on the information on the website.

Even an independent study or company will not have second thought of ranking Binance as the top exchange in the market, because of what they have implement and what they have done, remember they introduced a lot of innovation in the market like the IEO and it's hard to beat that.

The achievements coming from this company gives them the right to take the number one spot, Binance
brings the competitions to another level.
You mentioned about IEO's and for sure this exchange received the high credits and most of the investors
interest when they offer IEO project.
Even independent review sites can attest how this exchange become successful and deserving to take
the position.

[judeafante]

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

1. Binance exchange cares about their reputation
2. They offer the best customer supports
3. The exchange have high Liquidity and volumes
4. IEO don't fail on this exchange because the team do their own research on projects before listing
5. For many it's always about the money but for binance its about money, reputation and their customers

They have every right to keep making money if that's why many are mad with binance, as far as they are satisfying customer whatever they make shouldn't be your problem

How can they manipulate the ranking when every aspect of a good exchange pointed to Binance I cannot think of any other exchange that can compete, with Binance when it comes to innovation and trustworthiness all the points you've mentioned are all correct and accurate.

[ScamViruS]

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.

i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors.  and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project.

That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these.

[Twinkledoe]

Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??

Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.

i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors.  and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project.

That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these.

When that time comes, it will be evident if Binance will tampered the info in CMC. This is one of the downside owning a site that is supposedly a nonpartisan. People will always have their speculations regarding their true motive. But right now, it is better that they acquired this site, at least improve the services where most crypto users use this as the first stop in checking cryptocurrencies and exchanges.

[ene1980]

~
That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these.

If you look at the short history of the market we see many exchanges that reaches the top position will change quite often and binance is also a new kid on the block and it is hard to maintain the top position as there is always a new competitor with good design and support and now binance is trying to invest in diverse business in the cryptocurrency space, we will know whether these investments are for the good or bad in the next 5 years.

[ScamViruS]

~
That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these.

If you look at the short history of the market we see many exchanges that reaches the top position will change quite often and binance is also a new kid on the block and it is hard to maintain the top position as there is always a new competitor with good design and support and now binance is trying to invest in diverse business in the cryptocurrency space, we will know whether these investments are for the good or bad in the next 5 years.

True. Exchange business is not an easy business. Many exchanges have come and gone but they have not been able to hold their top positions. The way binance is investing will enable Binance to continue their business. But investing heavily does not mean that they will stay on top forever. Of course competitors can come, who knows!

[serjent05]

Binance understands what it takes to be successful, best team I've ever seen, they understand how important customers are and they are ready to satisfy users, binance is real use case to me, something many new projects failed to understand,  

You are free to make money as you like but always put customers and investors first. That's what binance team did right

Ugh!! I guess the right term is

You are free to make money as you like but always put whales and pumpers first.. That's what binance team do always.

I don't care about the CMC ranking since that data is manipulated or not accurate.  But looking at the previous IEO that happens on Binance, majority that is able to participate are those that have a huge stash, or clients they considered VIP.  Small traders seldom have a chance to participate on their IEO events.

[IMAR]

It's true. Even though Binance bought CMC it doesn't mean that it isn't fair that Binance is top 1. Even if they didn't bought CMC binance will still take the seat. Like you said, Binance has a great reputation overall. And one of the golden coins. So there's no doubt that binance will dominate the chart.

[suryana]

It's true. Even though Binance bought CMC it doesn't mean that it isn't fair that Binance is top 1. Even if they didn't bought CMC binance will still take the seat. Like you said, Binance has a great reputation overall. And one of the golden coins. So there's no doubt that binance will dominate the chart.

I don't think Binance needs to buy CMC to get first place there, because indeed they have become the trust of the Traders at this time. What the Binance Team needs to do is they have to stay like this, maintain their good reputation forever so I'm sure their Exchange will remain No. 1 in Crypto world.

[Psynthax]

It's true. Even though Binance bought CMC it doesn't mean that it isn't fair that Binance is top 1. Even if they didn't bought CMC binance will still take the seat. Like you said, Binance has a great reputation overall. And one of the golden coins. So there's no doubt that binance will dominate the chart.

CMC gives the opportunity for Binance to take the lead as they know the capability of it. The dominating power of this exchange had never changed since from the start, instead, it is getting more popular and stronger. Binance has built its good reputation that people are soo much to believe it that they can manage CMC in a fair manner.

CMC didn't give the opportunity but binance was getting placed on the first place based on its liquidity pool. If CMC was placing binance on the first place without strong factors and ti can be considered as a manipulation.