Is Binance becoming a monopoly of Blockchain

[Cryptic 0]

There are so many exchange out there, I think the term monopoly is wrong, rather it should be the most popular exchange nowadays since there are a lot of exchange that utilized the blockchain. Yeah I agree with you that Binance gains huge success nowadays, a lot of my friends prefers this platform compared to other exchange.

[rvbeus 22]

On 4/30/2020 at 11:52 PM, BountyAirdrop said:

With the acquisition of Coinmarket Cap and touring around the continents with different products, its recent debt/credit card that integrate directly to Binance exchange which makes crypto to fiat and vice versa become cheap and fast, are we not going in the way of monopoly which is against the main intention of blockchain revolution?   

Yeah Binance is the absolute best. Hope other exchanges will catch up soon!

[tienda 8776]

Binance is one of the best website exchange, but it is not the number one on the top, right now the number one is Coinbase. Months ago Binance did a lot of promotion about their platform and promoted many services to attract more users, I think the reason of that they are looking to improve their image to reach a high place between the top website exchanges. 

So right now according to the website Bitdegree, Binance is in fifth place.

 

[johnnruiz06 2]

Binance is always in the number one position when it comes to the platforms.

[Captin 0]

In fact, the entry of cryptocurrencies into credit cards via Paypal or otherwise surprises us all, as it replaced the mixing of the world of cryptocurrencies with our real world on the ground, and this will provide an opportunity for monopoly and will be an obstacle to the blockchain revolution.

[sametbskya 92]

Unfortunately, we are starting to come to this situation slowly. Everyone wants to trade on binance because transaction volumes are very high. binance also offers very favorable commission rates. I think that instead of waiting a long time to sell my money on an exchange, I will settle it on binance immediately. It is also the best stock exchange for trading.

[Ramz99737 1196]

Binance dominance is unhealthy for the Crypto world, they actually deserves to be ranked the best exchange the crypto community ever has. With security issues in the past, it still maintains the top spot with the likes of Bitfinex, Bitmex and coinbase presence in the market. 

[Imdadullah 19]

Binance always hit the moon in any listing coin. It may be a  monopoly blockchain in coming future. But i think as it is now ,it is good forever. We can not say anything else.

[Ayham7daoud 463]

 The Binance platform will not enter the central body of the CoinMarketCap, so there will be no monopoly on the Binance exchange
Of course everyone has greed, but Binance will not destroy its popularity for the sake of monopoly 

[Rozy 1918]

Yes indeed , Binance is the strongest among a huge number of exchange and it has an incredible amount of money, all investors trust it on their money . So one way or the other Binance is dominating the exchange market.

[NomanAshraf787 69]

In my opinion Binance are making like those thing to increase interest of people towards crypto world by decreasing their commissions and other good things for crypto currency platform.

[Irum shahzadi 296]

Binance is the best exchange in the Crypto platform. This platforum has the large volume of trading .Due to its strong security mechanism and project for the user many people like this exchange. It also has another advantage for his users if your money are hacked in the binance it can be returns by this exchange .

[Zain Javed1 38]

 Dear, directly to Binance exchange which makes crypto to fiat and vice versa become cheap and fast, are we not going in the way of monopoly. In my opinion it has large volumes of trading. 

[Alaina850 182]

I don't know, what is Binance ??. I have no idea about it.  This topic is for everyone to know. But I don't know anything about it. I want to know, how is it used? And so that I can know and learn about it in detail. What are these? I don't know that.  Want to know the details about.  Because I can't tell you the details of what I don't know. How does it relate to cryptocurrency?

[Obliv0n 333]

It is clear that cryptocurrencies, being a decentralized medium, create the necessary bases for a company to establish a monopoly, however, in the case of binance, its headquarters is being controlled by the Maltese government, so it cannot proceed to create a monopoly unless you want to lose your current position.

[zeshan1122 654]

binance is doing great both in the exchange system and in the blockchain as well that is why there is more power of it in the both sections as well.

[Eezabell 339]

Binance is Coming to the Monopoly Exchange of the Blockchain. The Binance users the Blockchain to transfer or to receive the Bitcoin like the other Exchanges do. The Block Chain is very Important for the Crypto Currencies to made the Transactions without this it is impossible.

[Froshk 1828]

With the nature of cryptocurrencies,I don't think there's a single entity that can monopolise a particular sector of the cryptosphere, the decentralized nature will always bring about improved services and new innovative ideas

[M noman iqbal 428]

Documentchain is a decentralized blockchain solution for document management systems. Important properties of the document file are stored in the blockchain in a revision-proof manner, safe from manipulation, so that you can easily prove the copyright of your document, your invention, songs or construction.

[Ayinlek 42]

Maybe, Binance has always known to be one of the best Crypto App and have been maintaining that for a while now. They have fair trade and their charges are not much too.

[David84 1191]

Binance is really the queen among all the exchanges, it is the forum with the highest popularity, many people feel safe to deposit their money and trade their coins in it. And it has the highest liquidity ever, there are many coins pairs for you to choose from and you have so many investment choices for you to use, on top of all , it is really easy to use.

[Adeseye5 24]

Binance been monopoly it's a no for me..  If u get to know anthem well u will b able to differentiate it's..  Only for those that don't know abt binance

[Maya20 1048]

 This depends on the volume of trading on the platform, its quality and the percentage of security in it, both Binance and Blockchain have characteristics and features, and also both of them can be used, VIPs are the ones who mainly protect that. 

[Mokshito12 13]

This depends on the volume of trading on the platform , it's quality and the percentage of security in it ,both Binance and blocking have characteristics and features.

This depends on the volume of trading on the platform,it is quality and the percentage of security in it .Both Binance and blocking have characteristics .

[teebasas 3018]

While the Binance platform will not be a monopoly of the Blockchain business, the majority of transactions will take place between this platform and the Blockchain portfolio, due to the fact that Binance was established at the same time as the Blockchain.