Who Owns Binance (2)

Part 2: What Is Binance?

Binance is a digital currency monopoly that operates exchange-trading services and which would likely be deemed illegal and broken up were its parent company formed and operating in the United States.

Binance is the only entity within the cryptocurrency world that has any power whatsoever to make or alter any decision over what happens within the digital asset innovation cycle— whatever the people at Binance say, goes. If you make enemies of Binance, you will never have a single project launched, and if you are a friend of someone senior working there or affiliated with Binance, you may have a chance getting a project launched (not necessarily however, since most of the time, Binance simply creates its own projects and launches them under the auspices of a decentralised team).

Because of the enlarged market share of Binance and the dominance over the market holds overall, you can simply assume that anything and everything — for the better, the worse and the uglier — that you ever hear about in cryptocurrencies comes at some level from Binance.

The only news you read about digital currencies, even insofar as mainstream media is concerned, is news that someone at Binance wants you to read; the only cryptocurrencies you ever buy today are the ones that someone at Binance wants you to buy; and the only innovations you have heard about in Blockchain are those that Binance wants you to be aware of (and even then, only in the context that Binance wants you to be aware of such innovations. no matter if such context is true or not).

The answer to the question posed in the title of this post is: Binance is digital currencies post-2018.