StartEngine Is Going To Become the Binance of Startups

Wondering how StartEngine Secondary is going to turn out? Look to the crypto market.

Photo by Scott Graham on Unsplash

People often look at StartEngine Secondary and write it off as another version of the OTC and Pinksheets market. Unlike the NASDAQ and NYSE which require a pretty good amount of vetting and stringent requirements, the Pink Sheets are much easier, and much less reputable, to list on. They also cost much less to list on, and most people don’t really tend to invest in these because they have a history of pump and dump schemes, and very little regulation.

When people look at Secondary Markets like StartEngine Secondary, people tend to write it off as something similar. Personally, I disagree. Howard Marks noted the current state of Secondary and said that “It’s kind of like the early days of Equity Crowdfunding. Nobody wanted to use it, and it wasn’t great for a while, then suddenly everybody wants to use it”. Not only do I agree with that, but I think we can look to the crypto market to disprove a lot of the rhetoric comparing StartEngine to OTC markets. I think the better comparison is saying StartEngine is to the Pinksheets what Binance is to decentralized exchanges.

Centralization

Have you ever seen what happens when a new cryptocurrency lists on Binance? Binance is the largest…