I’m a bit concerned about the recent news that the largest exchange has increased its spot trading volume share from 38% to 64%. This means that the crypto landscape has become less and less competitive, and I’m worried that this could lead to higher fees and less options for traders. Does anyone else have any thoughts on this? Are there any other exchanges that are still competitive and offer good trading options?
Our only URLs are
All other sites are scams – especially be wary of:
benumbs.cards & bennumb.cards & bennumbs.cards & benumb.cc & many more…
(it can be hard to notice the S and extra N if not careful.)
Welcome to the real deal.
Please bookmark this link — the other sites have simply copy/pasted our html and don’t actually have any cards to sell.
They can be easy to fall for if you aren’t cautious!
The crypto landscape is becoming less and less competitive, with Binance having a 64% share of spot trading volume. This is bad for crypto in the long run, as it will lead to a monopoly and regulatory concerns.
That’s how it goes, the rich keep getting richer until they get too greedy and fuck up, then they self-destruct and a new cycle starts.
It was always going to happen, people use exchanges that already have a good reputation (shocker)
And the great financial divide widens. At the same time as long as I have my bitcoin and other crypto in self custody I sleep fine at night.
Small exchanges losing their spot, only the big ones remaining
This is natural as the industry is getting more mature and is consolidating. But I hope new actors can continue to enter space and take market shares.
The real problem with crypto that no one seems to be discussing is that a CEX (Binance) owning a monopoly like this is deeply problematic for many reasons.
This calls into question the entire concept of crypto as it currently exists.
The whole point of crypto was to get away from all forms of centralization, and now of course, it is becoming centralized through these big exchanges…
I don’t see a problem. You buy there and then move it out. If it collapses that’s on them and they deserve it.
I don’t want them to fail but if they do then it’s good long term before they get even bigger.
That’s a lot!!
It sucks that there’s less competition, but also good that all the shady competition is being rooted out
>a more competitive CEX market would also mean a higher spread of liquidity between all exchanges
He’s not wrong. I’m always buying on a bigger exchange because what’s the point in paying 3% more because of spread? I always wonder why anyone is using these small exchanges.
But it’s still somewhat manageable comparing to conglomerate companies that own almost every kind of brand in the world.
The great reset in exchanges, and probably the best is yet to come