In a recent report by Coindesk, it took the position that Binance has “evolved significantly” since its founding in 2017. The article pointed to changes that have occurred in the past 12 months, which include:

1. Delivering tested technology – meaning, its working crypto-to-crypto exchange offered buy and sell services in 15 countries, and at a time when market conditions allowed for capturing users’ attention.
2. Shifting to incentivizing users to adopt value-adding products like Binance LaunchPad, at a time when the market began to slow.
3. Currently, setting the stage for the upcoming decentralized exchange, which may provide further legitimacy to the crypto industry.

In addition to these developments, the article as points to the Binance Coin (BNB), which the article refers to as “miraculous,” referencing the coin’s ability to offer traders a virtuous cycle and the coin’s large market cap of $2.3 billion. Moreover, Binance has developed a network of additional products around its coin, including the LaunchPad.

Furthermore, the article surmises as to what could be the future of the exchange and turns to the IPO as a potential option, pointing to the company’s possible launch of a fiat-to-crypto gateway in Singapore.