Post
Topic
Board Trading Discussion
Re: Binance trading activity is 13x larger than any other exchange
by
Wakate
on 25/09/2022, 10:56:36 UTC
-snip-
Do you mean, they more prefer to invest in a shtcoin where pump and dump happen? they want that because they can easily get money and sometimes more than double happens to their money but the thing is not all shtcoin can give them easy money, just stay as you are. Binance will always be the safe place for me for everything in this trading world.
This is getting interesting after what happens to binance and with all the regulations changes despite the fact that you are trading on a CEX now. Some people would rather choose a reputable exchange than choosing those a DEX or perhaps it's all about the pump and dump of their tons of shitcoin coming in and out that's why most people would choose binance over the other?

We never know what people are thinking these days but one thing is for sure, they like profit that has high risk and high reward ratio
Binance is a big exchange with so many unique crypto projects that has good liquidity and market movement. I cam see that some traders are attracted to using high multiples leverages in trading which can be very risky and can bring heavy loses.
There are other similar exchanges that allows trading with high leverages but not as compared to that of Binance. I see this kind of trading as high detrimental to our trading guide which can make us keep been attracted to high leverage trading.
There some exchanges that has many of these pump and dump coins which can make a trader make severe loses if care is not taken.