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Author Topic: Binance deserves the first Position on CMC  (Read 1511 times)
Indymoney
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June 24, 2020, 11:27:37 PM
 #81

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.
Now this is real test for them as they can keep maintain their good reputation and trust because we have history of big falls so if they able to keep this all then surely this could be very good and positive impact of crypto on world and they will understand this all is safe and good investment for long term with security.
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June 24, 2020, 11:36:03 PM
 #82

It is what you are familiar with that you will support most. Most folks in the crypto space tend to be more familiar with Binance than any other exchnage. This is why more people would agree that Binance is the best. Sentiments aside, I also agree that Binance exchange has really been trying and they are doing everything in their capacity to be the best. many exchanges would have been able to compete favourably with Binance and maybe be better than Binance, bt they already missed it at one point or the other. So, I agree that Binance deserves to be at the top.
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June 24, 2020, 11:46:05 PM
 #83

It is what you are familiar with that you will support most. Most folks in the crypto space tend to be more familiar with Binance than any other exchnage. This is why more people would agree that Binance is the best. Sentiments aside, I also agree that Binance exchange has really been trying and they are doing everything in their capacity to be the best. many exchanges would have been able to compete favourably with Binance and maybe be better than Binance, bt they already missed it at one point or the other. So, I agree that Binance deserves to be at the top.

whether Binance is on top or not, traders know where to trust their funds. ranking is one thing, and people know the trusted ones. so even if Binance will lag behind, they will still go for Binance. so we should not worry about being the first position or second position. it will come out naturally and people talk. so as a trader, i dont worry much about the ranking system. it is how they serve you as a client.

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June 24, 2020, 11:50:34 PM
 #84

Am sure a good number of people will agree with you on this. Binance has proven over time that it is a dominant exchange in the crypto industry with its user base increasing exponentially with each passing day as a result of continuous innovations and user focused developments. Binance continue to not only satisfy customers or users but strive to be better at everything it does. This is evident in the daily trade volumes as well as activities carried on the platform. It is undoubtedly one of the  biggest exchanges and the best there is.
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June 24, 2020, 11:59:47 PM
 #85

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.

Binance has been tested for so long time, and I don't think traders will turn their backs on them. They'll still remain a strong part of people's hearts, and nobody can take that away. Having another options isn't justifiable, and if they'll remain to what they are right now it kept them more efficient and reliable exchange site.
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June 25, 2020, 01:22:26 AM
 #86

Binance currently have is occupy the number 1 position in CMC and that's it is very decent for this exchange because no one can match they reputation and they also have a good team. there may still be many reasons why this exchange is feasible in first position place and there is no doubt about it. at that time I was surprised to see Binance fall below the top 10 exchanges and now I am glad to see this exchange able to become king again at CMC. Binance is indeed the best exchange in the crypto world.

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June 25, 2020, 01:33:49 AM
 #87

Yes, I agree, binance is one of the biggest exchange that everyone put their trust. Because of the security and satisfaction they give to their users, they really deserved to be in the first position in CMC. Even without buying CMC, they already prove to us that they are the right exchange to be in that position.
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June 25, 2020, 03:31:04 AM
 #88

Yes, I agree, binance is one of the biggest exchange that everyone put their trust. Because of the security and satisfaction they give to their users, they really deserved to be in the first position in CMC. Even without buying CMC, they already prove to us that they are the right exchange to be in that position.
Binance already become one of the biggest exchanges, and they still try to give satisfaction to their members by providing another support to them. But binance still need to maintain their track to stay at the top exchanges because the other big exchanges will not want to stay behind binance. From time to time, we will see a competition between each exchange, and that is interesting to see which exchange will remain at the top position.

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June 25, 2020, 03:59:44 AM
 #89

Binance deserved to be on the top of the list but if they put their name on their owned site the people will criticize them for sure but its okay and nothing to worry.No matter if they are in first or second position people who were trading on it will stay there until they provide best of it.

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June 25, 2020, 06:02:34 AM
 #90

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.

100% you have hit the nail directly on the center, just yesterday I did little withdraw from binance to my local bank account directly and it takes a few minutes transaction was completed, I am talking from user experience not just saying it to make a post count,

Unarguably binance is the number one exchange ahead of the the rest, best exchange in my opinion, they make the experience of using an exchange very smooth.
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June 25, 2020, 06:10:33 AM
 #91

My take on this is simple. Binance is already a reputable exchange, even without manipulation, if they will be listed there on cmc as number 1 then its not big deal and will not be biased even they owned cmc now. No one will counter this, cause its proven how Binance has been like by most traders. They also did a lot of donations on every country and still donating. I think only narrow minded would think they are just manipulating and sharing for fame at all.

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June 25, 2020, 06:19:24 AM
 #92

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??
I just realized, now the trash exchange is no longer on top.
Binance No. 1 This is very reasonable not because binance acquired coin marketcap, but we all also know the most famous exchange today is Binance.
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June 25, 2020, 06:30:54 AM
 #93

Binance exchange is famous today because of their dedication and hardworking, yes they deserve to be rated first on coinmarketcap even if they aren't the one who bought the platform, they get the job done easily, what more can investors and traders ask for?

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June 25, 2020, 06:36:25 AM
 #94

They always deserve that and they have proven now that they own the CMC. hehe..
Seriously, I really like Binance over other exchanges but I don't fully trust them as I am also using different exchanges.

I've seen their journey and how they achieved the number 1 rank, and that is because of the support of the people, maybe not all but a lot of traders and investors are supporting them, that's the reason BNB is a good coin and has reached its ATH last year if I'm not mistaken.

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June 26, 2020, 10:38:49 AM
 #95

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
Manipulations in our world are very close, even in ordinary everyday trifles.  Everything is done for the benefit or for any specific purpose.  As for me, it’s even good that the guys from Binance did it.  At least what you listed really takes place in reality.  The exchange was and I hope that it will be in first place in my rating.

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June 26, 2020, 11:15:12 AM
 #96

Market capitalisation functions as the most reliable and probe free platform for all coins, but the issue CMC has had turned them to manipulate suspecting. CMC nowadays gives out fake volume and than ever, imagine Probit exchange could be the overall volume exchange at certain point. But this can't be true
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
Yeah, I agree with you on this, Binance first strategy and aim is reputation, has the the most successful projects ever. Binance should be ranked as the most world cryptocurrency exchange with good liquidity and volume, successful IEO and instant customer care support. Binance excellently deserve first position on CMC.
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June 26, 2020, 11:22:39 AM
 #97

In my opinion it is still not suitable if the binance wants to be at the top cmc. binance coins in the top 10 have made a good thing. especially if people say that will defeat ethereum in my opinion is the wrong thing that people often say. predictions that in my opinion are unlikely

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June 26, 2020, 11:28:21 AM
 #98

You forgot about the Binance charity program. You forgot about the positive way how Binance spread the word about cryptocurrencies, not only about the exchange and their coin. Their honest behavior is what matters!  Smiley

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June 26, 2020, 02:07:52 PM
 #99

In my opinion it is still not suitable if the binance wants to be at the top cmc. binance coins in the top 10 have made a good thing. especially if people say that will defeat ethereum in my opinion is the wrong thing that people often say. predictions that in my opinion are unlikely
What is being discussed here is that the Binance Exchange is not a Binance Coin, and I think it is very suitable that Binance occupies the first position in coinmarketcap because anyone must be familiar with binance exchange.

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June 26, 2020, 03:08:09 PM
 #100

There is really a very simple way of proving if Binance deserves their spot or not. All exchanges should make their transactions transparent.

There are exchanges with 100 million dollar volume per day where you take a look at the liquidation levels and its close to zero. People basically sell and buy from themselves to make it look like there is a volume but when you go there and try to sell something there isn't much interest in buying from you.

So, that means if any exchange that is bothered with Binance being first rank on CMC they could just come up and say that they are actually the first and prove it, not really a big deal, its data and it could be checked and if they present a data that shows that they are bigger in any aspect than binance they would be able to ask for that position eventually.
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