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Strategies & Market Trends : Blockchain and Cryptocurrencies -- Ignore unavailable to you. Want to Upgrade?


To: Elroy who wrote (111)1/5/2018 11:07:47 PM
From: zax  Read Replies (2) | Respond to of 7622
 
>> What is Binance Exchange doing that is so much better than other exchanges?

From my reading, the reasons are these:

A) Lower fees
B) No government to report to, because they don't trade in any fiat currency. This appears to have been a core, winning decision. If Coinbase is required to tell the US government about transactions you've conducted, they will. And they have been already. Think about that.
C) Lots of currencies traded.
D) Currency incubator - which means they do lots of ICOs where coins not traded anywhere else can be had
E) Self financed with their own coin.
F) Head start, having started in China which is very ICO crazy.
G) They got out of China at just the right time.

I think the Binance interface appears made for more experienced traders, who are probably bigger traders. For example, there is no "confirm" button.

My 2c.