Crypto Exchanges Speak Out as Binance Takes CoinMarketCap’s Top Spot
Cointelegraph
Published May 22, 2020 01:36PM ET
Updated May 22, 2020 08:20PM ET
For an industry that is supposed to be based upon decentralization, it appears to be getting crowded at the top, with a number of companies transforming into unspoken oligarchs, each wielding huge influence — or at least that’s what some critics argue.
One of the most remarkable crypto companies operating today is Binance. In only three short years, Binance has enjoyed a meteoric rise to the top. Criticism of Binance, philosophical or otherwise, can’t fail to take into account the impressive stream of innovation the firm seems to channel. Headed by Changpeng Zhao, the Twitter-happy CEO better known as CZ, Binance has a carefully crafted image of a firm hoping to make crypto a better place.
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Written By: Cointelegraph
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