Crypto Exchanges Respond as Binance Claims CoinMarketCap’s Top Position

For an industry that champions decentralization, the cryptocurrency space seems to be increasingly dominated by a select few companies, which some critics label as unspoken oligarchs exerting substantial influence.

Binance is one of the most notable firms in the crypto landscape today. In just three years, the company has skyrocketed to prominence. Any critique of Binance—either philosophical or otherwise—must acknowledge the impressive wave of innovation that the organization consistently fosters. Led by Changpeng Zhao, commonly referred to as CZ, Binance has cultivated a well-crafted image of a company committed to improving the cryptocurrency ecosystem.