Binance is dominating the crypto exchange space in terms of global trading volume (~$13bil), being more than 4x is the next biggest exchange OKEx (~$3bil). Will Binance remain the top crypto exchange after a few years or will it be overtaken by another crypto exchange that has handled regulators better, such as Coinbase. Few considerations: - Binance is getting banned by many large financial institutions (i.e. Barclays) and entire countries (UK, Italy, etc) - Binance does not seem to have as high an employee talent concentration as other crypto exchanges like Coinbase (based on LinkedIn search) Is Binance's situation similar and comparable to Uber's history of disruption and controversy (in which it in now dominates transportation compared to Lyft which was less controversial). Or is Binance on a whole other level that will go down in flames?
Binance = f1 racer Coinbase = toyota
Binance is a Chinese owned site that has all of the same problems as anything else Chinese owned
What makes you say that? Their founder is Canadian and they moved out of China long ago due to regulations. They are in Malta now.
What kinda problems are you thinking of? I think it's a little different in that they do not seem to be under control of the Chinese gov, do not seem to be headquartered in China (seems to have more employees in Singapore than China according to LinkedIn), and even though it was founded in China the founder is actually Chinese-Canadian.
A competitor could arise but binance has first mover advantage. Theyre pretty much the only non-shady exchange that is willing to put customers over regulators
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I don't think coinbase can be binance, one is aimed at the general people and even coinbase pro doesn't have the power of binance, everything is there even grid bots inbuilt Binance is for hard core users and also more closely aligned to principles of crypto (everything can be withdrawn/deposited, DEX option etv