Is ETH next to be delisted on Binance?
I found this article interesting.
Despite Binance owner Changpeng Zhao playing down the firm’s role in crypto industry, Binance has the power to make or break a crypto project and we have seen this recently when it delisted Bitcoin SV.
There isn’t any doubt Binance has ambitions well beyond digital asset exchange. It is aiming to become the Google of crypto world with its crypto and blockchain related services. As google can dictate the success of website in search rankings, Binance can do the same in token listings. Binance does have the power over life or death of many smaller cap coins and some big ones as well.
Binance has launched its own blockchain service binance chain last year and BNB, its native cryptocurrency has surged in value and now has a market cap of $2.7 billion which is placed above tether.
Binance is world’s to go exchange in terms of crypto listing due to its massive liquidity and rapidly growing user base. It appears that Binance is now attempting to persuade blockchain teams to migrate to Binance chain over Ethereum.
The following statement has to be verified:
Well, let’s just say the projects who move some % their chain off of ethereum to Binance chain will get favourable treatment and those who don’t will get delisted if their volumes are less than $1 mil/day.
Ethereum delisting is out of question for now. However we have to wait and see how the crypto corporates conduct their business in future just like the current tech and internet monopolies there by unraveling what Satoshi Nakamoto had in his mind.
Txt source
I don't think Binance will think to do this because ethereum is highly popular now a days because and many projects are built on it. Delisting of BCHSV is done because of their internal issues. Exchange will not take action surely which can cost them. This is what I think.
What you say brother @moghul
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I don’t think so as well but it might bully some of the small cap coins to use Binance chain instead of Ethereum
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Yes. This is possible. Its kind of rumour which might affect some alt coins.
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I hope not.