Binance is now dominating cryptocurrency market and I believe currently there is no one you asked about cryptocurrency exchanges that the first exchange they will mention is not binance. They are currently expanding into other countries that we thought they will never be able to go and a lot of innovation are been introduced daily. I strongly believe that binance is going to be the future of cryptocurrency exchanges platforms and its going to dominate the exchanges market the way bitcoin is dominating cryptocurrency market now.
That's certainly true, mate. Binance will dominate the crypto market within the not-so-distant future. It's already the best crypto exchange available within the mainstream world. Other giants like Coinbase and Bittrex won't be able to stand a chance against Binance. The world's most popular crypto exchange, provides traders with many perks via the use of its BNB token. With various trading pairs available, as well as, features like the DEX and discounted fees, Binance is much more attractive than other alternatives known today.
For this reason, it's hard to tell that its "reign" will end anytime soon. At least, we all know that nothing lasts forever. Back in 2013, Mt. Gox used to be the most prominent crypto exchange in the world. But it suddenly failed, negatively affecting cryptocurrency's prices across the market. The same thing might happen with Binance in the future as a result of a hack or any other undesired situation. If Binance fails, then rest assured that Mt. Gox events will be repeated again.
Nonetheless, Binance's quick growth in dominance shows us that it's very unlikely that it'll fail in the time being. Perhaps, in the future, it might fail and another exchange will take its place. Otherwise, it'll become the biggest exchange for many generations. Just my opinion
