The lack of CZ makes it difficult for the community to determine the main trend of the market. When Binance will suffer FUD, no one will come forward to provide information to reassure everyone. Binance will also be slow to develop because it has less advertising budget. 4 billion USD could do a lot of things but was used to pay fines.
I am also using Binance and continue to believe in the reputation of this exchange. The recent positive activities to regain market share prove that Binance is continuing to develop and compete with other exchanges in the market. I believe that in 2025, Binance will still be the largest CEX.
The $4B and CZ shortage will slow down Binance's growth, but at least we still see Binance moving forward under Teng's leadership. I hope that everything will be fine until CZ returns.
I'm not a loyal Binance user, but as long as I trade on Binance, I've never experienced any difficulties in making transactions, withdrawals are the same as other exchanges, I only use Binance to trade coins listed there, the rest I mostly use local exchanges because I can say I'm not a active trader
I agree, I have experienced other CEXs such as GateIO, KuCoin, Bitforex, Bitfinex... but did not find the simplicity, intuitiveness and many useful services like Binance. I have chosen Binance for the long term to trade crypto, and Binance Web3 Wallet is my favorite wallet application.
52.6% ... What the hell guys
This market is really over-centralized, what a shame.
If any POW coin had a pool hashing 52.6% of the total network hashrate, people would FUD and scream about excessive centralization, but if we talk of CEXes everything is fine. No problem with Binance owning the KYC of more than half of the market? no problem with the private infos (bank, mail, trade history) neither?, no problem to see price manipulations (like we are actually having with XMR and Binance)? Lol!
We are talking about different objects: mining power is different from spot trading volume dominance.
Similar to BTC.D being larger than 50%, we cannot say that the market is not doing well because BTC has taken up too much value. Or we can't say that the world has a problem with decentralization when China and India have very large populations.
I have no problem with Binance's development. As a user of Binance, the return of Binance is good news for me because I don't have to worry that Binance will go bankrupt and cease operations.