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.”
“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.”