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October 20, 2022   Uncategorized   No comments

How Does Binance Shape the Market

Oct 20, 2022

Shaping the crypto market - How Does Binance Shape the Market

Image: Unsplash/Sajad Nori

While it is possible for any traders to take advantage of the market, the real shaping force often hides behind the curtains. The prices start to change drastically depending on the operations of the major crypto investors. The outside factor should not be underestimated, but they have often been taken advantage of by the aforementioned big players. That said, even the smallest crypto investor should be interested in ongoing or planned business deals to see how the market will change in the future.

A good example of such occasions will be recent Binance plans and acquisitions. Being one of the major players in the niche, this company definitely has a noticeable share in many prominent cryptocurrencies. Connections like these are almost impossible to track for 99,999% of the market agents, yet their existence is pretty much set. The Luna (UST) case has proven exactly that.

Most famous crypto exchange

Founded by the Montreal McGill University graduate CZ (Changpeng Zhao) in 2017, Binance Exchange is the biggest and fastest-growing blockchain transaction website. The CEO has worked at Tokyo Stock Exchange, Mcdonald's and other odd jobs before turning its eye to the fresh crypto market. This decision has changed not only his life but the future of crypto-trading too. In 2022 there are 120 coins traded every second by almost 30 million people. After the crypto ban in China, they moved their office and data to Japan without any damage to BNB prices.

Important note that Binance exchange has made for trading their own currency on their own blockchain. That means CZ definitely has the major share of all the BNB emitted. And for such people opening trading apps is nearly similar to playing btc games.

Bitcoin games are the future

It is almost impossible to have a blind eye to gambling games using crypto as their primary currency. The first casinos of that kind emerged in 2017, but even before that, some websites have offered an opportunity to play blackjack or dice using blockchain tokens. That said, today such endeavors had became much safer if players are using trustworthy places:

  • bitStarz;
  • Stake;
  • WildTornado;
  • mBit;
  • FortuneJack.

Users can choose a good variety of games to gamble their tokens there. Anything from slots to poker is available, thanks to the popularity of blockchains. An experience similar to market trading can be obtained from the crypto crash and high or low game. The latter is simple in the concept requires you to make the right guess. If the next card or symbol will be more or less valuable than the previous one. If you have a streak of right calls, the winnings will increase exponentially!

See:  Binance’s co-founder, Yi He, Steps in the Limelight to Oversee $7.5 Billion Crypto Portfolio

As you can see, even if the market is pretty much rigged with not much place to make profits yourself, gambling is free from that. A pure coin flip with a sudden rush of adrenaline to give pure enjoyment. It still does not mean that investors cannot profit from the trading, but it requires much more passion and research compared to logging in at the BTC casino site.

NCFA Jan 2018 resize - How Does Binance Shape the MarketThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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