TechCrunch's Michael Arrington Talks About the Ongoing Honeymoon Between Binance and Altcoins

    One of the top cryptocurrency exchange platforms, Binance, has in recent times made a lot of headlines due to its announcements of developments in the crypto industry. Notably was Bitwise's report to the USSEC (United States Securities and Exchange Commission) which listed Binance as one of the exchange platforms with real transaction volumes.

    The Binance Launchpad has also become the top choice for crypto projects seeking to raise funds.

    On the 27th of May 2019, TechCrunch founder and Arrington Capital partner, Michael Arrington tweeted about Binance‘s growth.

    He said :

    “With the exception of Korea, binance is becoming more important for alts than all other exchanges combined. Great for bnb holders like us, but bad for the market overall. People need to step up their game.”

    Binance Chain Anticompetitive Moves

    In addition, Arrington said that Binance needed to “be careful about anticompetitive moves” like “forcing Binance chain” as a prerequisite for listing on the platform, saying that the Binance Chain should have to

    “compete on its own merit”

    These tweets by Michael Arrington, who is a well-known crypto influencer, got the attention of the Co-founder and CEO of Binance, Changpeng Zhao, in response CZ tweeted :

    “Nah, there are lots of coins we don’t list, yet. We don’t compete to list a coin first, we like to see them grow a bit on other exchanges first.”

    Justin Sun

    Michael Arrington also talked about Justin Sun, the Tron foundation founder, he said :

    “The canary in the coal mine for U.S. crypto regulation is @justinsuntron. He currently resides as a free man in San Francisco, as he should. If/when he either flees the country or is arrested, we will know the U.S. isn’t messing around any more with crypto. It’ll be war, then.”

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    Osahon Okodugha
    Osahon Okodugha
    Osahon Okodugha is a blockchain and financial writer based in Lagos, he is also a published writer with years of experience. He has degrees from the University of Ghana, Legon, and the University of Lagos.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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