Everyone in the Crypto community is aware of Binance. It’s one of the biggest Exchange and it too less than 5 months for it to get there.

Over the time, Binance has gone through s lot of changes. Bringing in it’s first mobile platform which was much better than the already existing applications. Binance came in to be the trend in mobile trading.

What Binance lacks is the margins trading.

Binance completed its one huge year of success on 14th July 2018. I joined a little late. 1 month after it’s launch. And I was the 125’281th user.

Today, Binance has over 1Million users world wide.

Binance coin:
Binance had the initial coin offerings where they issued BNB tokens for less than a $1. And today it trades over $12USD. It touched a record high of $23 USD on January 12 2018.

1 year chart for BNB_USDT chart

Binance Exchange on an average has $1 Billion volume. But the spread of this volume lies in the hands of less than 20% or even 10%.

I have traded on Binance. But not more than 1 BTC. Yet I traded more than 64% of the Binance users in a year. Well it could mean that less than 20% users are trading over 50BTC. Or less than 15% traded 100 btc over the course of one year.

It is somehow astonishing to see an exchange that brings 1 billion in volume on an average sees over 70% users trade less than 10 bitcoin. Clearly, few people have control over the volume and thus they can create a bull market. It’s not a bad thing.

Binance is making $1 Billion is revenue currently, and this is expected to grow rapidly by 10x in 2018 by December.

What makes Binance or all the other centralised exchanges better than the Decentralised?

Give us your Thoughts on my twitter poll.

https://twitter.com/cryptbillion/status/1018375291662622721?s=21