Post
Topic
Board Altcoin Discussion
Re: Why the hate on binance exchange
by
tabas
on 09/08/2021, 22:15:43 UTC
Binance is a huge amount of money capable of even manipulating the market both in a speculative aspect and in a psychological one. There is only one real reason - money.
This is the flagship that sets the direction of stock trends. Of course, other exchanges are not happy that Binince have so much influence and allocate a lot of money for FUD.
I think I've seen that competition and hate by other exchange for Binance. But to mention the hate, it those countries or some officials of it that don't see the significance of Binance.
But even if they dislike it, they prohibit it. Binance is already huge and can manage to operate to other countries since there are other huge markets that they have to be there.