How Binance Is Slowly Tipping The King’s Crown In Their Favor Within The Crypto Ecosystem

How Binance Is Slowly Becoming King Of The Crypto Ecosystem

Mark Zuckerberg, the founder of Facebook may have not thought that Facebook itself would grow to be one of the most successful social networks in the world considering that Facebook was a late-comer to the networking market. However, this social network consumed the competition and later succeeded more than the earlier pioneers like Myspace which already had millions of participants.

Binance, on the other hand, started as a place for digital asset trading and two years later it is already on an ambition to become one of the top 3 cryptocurrencies and has no signs of stopping there. Much of this success up the ladder has been attributed to the similar approach that Binance drew from Facebook. Both of these products were considered a niche when they were first launched. Under Zuckerberg, Facebook really picked up after it was able to expand its services to every corner of the world. Today Facebook boasts almost 30% of world population among its users. No other platform comes anywhere close.

Changpeng Zhao (CZ), a previous member of the team that developed blockchain, is the founder and CEO of Binance. By trading volume, Binance is the world’s largest crypto exchange as of April 2018. Through his official twitter account, Mr. Changpeng engages his crypto community of over 300,000 followers which has, in turn, offered back great remarks for him and his company. By using twitter as his platform, he comfortably engages a wide global crypto community. Two years on, the company now has a large growing number of followers/users, multi-language exchanges and offices around the world which has streamlined further its delivery of services to clients. Apart from that Binance has also introduced new products to the system that are aimed at improving the all-around customer experience and service. Such products include; an educational Academy, a Launchpad token platform providing instant success to its selected projects, research and development divisions, Ethereum rivaling Binance Chain and decentralized exchange.

Binance has self-established itself as one of the most profitable cryptocurrency businesses and this same energy is trickling into 2019. Binance Coin, the cryptocurrency offspring of Binance has surged 250 percent this year alone. At $3billion, it is now the seventh largest cryptocurrency by market capitalization.

Without doubt, it is evident of the power that Binance now wields over other blockchain projects and the future clearly looks bright for this blockchain. With its enigmatic leader Mr. Changpeng, everyone is waiting to see if with time he will embrace Mr.Zuckerburg’s strategy and finally consume the entire crypto ecosystem.