Year ended, we have some new exellent opening of the year like Uniswap, but what is the best exchange of the year, what do you think?
It is hard to choose the best exchange for the year 2020 because there were severla unfoldings; binance using safu to safe investors from debt; uniswap rising highest to becoming the most valuable and easy to use dex exchange; kucoin and binance creating p2p and local currency withdrawals, okex and binance having their own chain as well as huobi. I think i will give binance the best exchange, as well as uniswap exchange.
It shouldn't be hard since there's a regular reoccurring in all you just said which is the binance exchange. They outperformed themselves last year since they improve on other services they provided the year before last. The fiat withdrawal and deposit service was made more appealing as the transaction became almost instant without any delay.
If I was to criticize them, I will start with them putting the profit of their company over their customers. They got cut in the defi madness as well because during that period they listed anything that had defi in their name without doing due diligence, just to redirect the traffic to their exchange not minding if the traders might get hurt in the process.
I understand that exchange don't owe it to anyone per se if they aren't upfront with their research and basically rely on exchange for investment selection but I think they should have realized that many individual put their trust on the exchange to only list worthy projects worth investing in. Guess they knew this and took advantage of it to pump their bags.