Questions tagged [biggest crypto exchange]

ZenHarmonious Wed Jul 17 2024 | 7 answers 1551

I'm curious to understand the factors behind Binance's meteoric rise to become the largest cryptocurrency exchange. Could you elaborate on the key strategies and decisions that propelled it to this position? Did Binance focus on offering a wide range of cryptocurrencies and trading pairs? Did it invest heavily in security and compliance to ensure user trust? Did its innovative trading features and low fees attract a large user base? Or was it a combination of all these factors? I'd appreciate a detailed breakdown of how Binance achieved this remarkable feat.