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RE: What is Binance (BNB) - Full Writeup
Dont know how high is the competitiveness in the crypto world, I think there are other projects which are also building decentralized exchanges, dont remember all I saw, the only one that comes to my mind at the moment is COSS.
quite a few companies are building decentralized exchanges. If you think about the trade volumes of these exchagnes, big money is being made so having a slice of the pie is important.