Many people are saying that binance ranked was manipulated because they now acquired coinmarketcap, they are now rated 1st on coinmarketcap but the truth is binance exchange deserves to be ranked first, what's your take on this??
Binance is currently the largest exchange, so now binance is at the top of coinmarketcap's list. I think that's right. Since binance has bought coinmarketcap , now there will be some doubts among the people about the ranking of binance. However, Binance still holds their top position because Binance knows what traders want and which product will increase their revenue.
i think binance will not manipulate coinmarketcap rank, especially for binance itself. it will influence to their reputation in cryptocurrency market. binance' team since beginning do their projects well, without any trick or fake action to attract investors. and i am sure investors and trader never thinking about it, they will think it just good action from binance to developt their project.
That's what I said. binance still showing the correct data in coinmarketcap. But we do not know how long this will be. I mean there is no guarantee that binance will be on top all the time. Because I wonder what will happen if the real competitor of binance comes one day. Then binance/coinmarketcap must manipulate the data and try to keep themselves on top. However, it has not come yet, if any competitor comes then maybe you have to see these.