Following these, cryptocurrencies’ market capitalisation have surged over USD 3 trillion, Reuters reported CoinGecko. On the CoinMarketCap platform, cryptocurrency market capitalisation was slightly below USD 3 trillion, the Reuters report.
Both ideas are about making a few people rich, not about building a decentralised paradise where everyone prospers
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Verdict: When it comes to the number of cryptocurrencies available for trading, Binance.US is relatively in line with other U.S. based crypto exchanges such as Coinbase, Kraken, and Gemini. However, it certainly cannot compete with its parent company, Binance.
As we don’t know exactly how to classify them, it’s difficult to attribute a direct causality to a specific factor and a crypto’s rise or dive in value.
Binance has grown into the world's largest cryptocurrency exchange. During the month of May, Binance had spot trading volume of approximately $1.5 trillion, which was a 63% increase from April. As you can see in the image below, the volume traded on Binance is significantly higher than its closest competitors, Huobi and Okex.
The wallet has been a subject of excitement, particularly among the SafeMoon community, for some time. Earlier this month, John Karony posted a video showcasing the product’s “safety, quality and accessibility.”
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This cryptocurrency is also available and is traded on Coinbase – one of the world’s largest crypto exchange platforms. This accessibility is another reason why it’s an appealing investment option.
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Despite this, any lack of trust in Binance has a knock-on effect when it comes to how users perceive its U.S. platform, due to the close association of the two. On reliability, the U.S. platform comes out on top. This does not mean that either have a good reputation. Binance has work to do, and lots of it.
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Brian Brooks, chief executive of the US arm of global cryptocurrency exchange Binance, said on Friday he had resigned just three months after taking up the role.
DAVIDSON: Maybe the best answer is slowly at first and then all of a sudden, which is the same way people go bankrupt, by the way.
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