
Colin Wu|Mar 08, 2025 03:59
Talking to an elderly person who worked as an exchange in the same era about why Binance suddenly rose to the world's number one position in just a few months of 2017, he believes there are three reasons:
1. OK Huobi, two core competitors, were restricted after 1994
2. The most important thing is to install assets on Binance, with a large number of counterfeit coins, while other exchanges still have almost some old coins
3. The crushing trend of product experience, product richness, and market expansion
In short, it has seized the biggest dividend of the outbreak of ICO altcoins
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