Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Smcchamp on July 08, 2024, 10:11:39 AM
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(https://i.ibb.co/z2QMbZY/IMG-20240708-WA0007.jpg) (https://ibb.co/R6YFPcm)
What do you think about this report? Any surprises?.
https://x.com/CryptoRank_io/status/1809181019246903692
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NO COINBASE NO KUCOIN NO OKX, the CryptoRank result is biased or we cannot verify the validity of this data, as many services falsify the number of users or manipulate trading volumes to show that the platform is larger, more successful, or attracts more subscribers.
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Like I posted on the other forum, what is the point of this thread? I do not care much about exchange inflow ranking. What I care about is if the inflow is high and how it can be linked to bear market because people send coins to exchanges to sell if there is increase in the inflow. Aside linking it to bear markets or just discussing generally about exchanges inflow, I do not care about exchanges inflow ranking.
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NO COINBASE NO KUCOIN NO OKX, the CryptoRank result is biased or we cannot verify the validity of this data, as many services falsify the number of users or manipulate trading volumes to show that the platform is larger, more successful, or attracts more subscribers.
In your opinion. What's the ranking supposed to be? Let's talk..
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NO COINBASE NO KUCOIN NO OKX, the CryptoRank result is biased or we cannot verify the validity of this data, as many services falsify the number of users or manipulate trading volumes to show that the platform is larger, more successful, or attracts more subscribers.
In your opinion. What's the ranking supposed to be? Let's talk..
There are services that allow you to track data in real time, such as glassnode and cryptoquant, but the subscription is paid, so I cannot give you accurate numbers, but the list did not contain COINBASE, KUCOIN, and OKX, which are platforms that always get high capital inflow and provide liquidity to many small platforms.
https://cryptoquant.com/asset/btc/chart/exchange-flows/exchange-inflow-top10?exchange=all_exchange&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
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NO COINBASE NO KUCOIN NO OKX, the CryptoRank result is biased or we cannot verify the validity of this data, as many services falsify the number of users or manipulate trading volumes to show that the platform is larger, more successful, or attracts more subscribers.
In your opinion. What's the ranking supposed to be? Let's talk..
Kucoin is supposed to be in the infographic and again the space between Binance and Bitfenix is not large. I don't think they have closed up so fast. Although binance has had many issues across different countries, but they are still solidly at the top. Also, coinbase should also find its way to the list. To reflect the reality.
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Like I posted on the other forum, what is the point of this thread? I do not care much about exchange inflow ranking. What I care about is if the inflow is high and how it can be linked to bear market because people send coins to exchanges to sell if there is increase in the inflow. Aside linking it to bear markets or just discussing generally about exchanges inflow, I do not care about exchanges inflow ranking.
I am a user of Binance CEX and I feel more secure knowing that Binance continues to be the CEX that receives the most money in the market.
This is also quite important, helping me and Binance users feel more secure and can focus on monitoring and analyzing the market instead of worrying and making wrong decisions related to assets on Binance CEX.
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I am a user of Binance CEX and I feel more secure knowing that Binance continues to be the CEX that receives the most money in the market.
I feel more secure with my noncustodial wallet. I have the private keys of my coins which means I have 100% control over my coins. Unlike on centralized exchanges that I will have no full control over my own coins. The fact that they are still centralized can not make me feel secure.
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I am a user of Binance CEX and I feel more secure knowing that Binance continues to be the CEX that receives the most money in the market.
This is also quite important, helping me and Binance users feel more secure and can focus on monitoring and analyzing the market instead of worrying and making wrong decisions related to assets on Binance CEX.
Binance is not safe. alot of good cryptocurrency exchanges have been at the forefront for years and then disappear. The golden years for Binance were from 2019-2022, so I do not expect them to be in the same place in 2030 with all this competition.
I prefer to have 6-8 good platforms with real competition among them, rather than one exchange trying to control everything.