It has not gone unnoticed that the world’s largest crypto

exchange keeps growing. Gone are the days when Binance was just simply a place

for digital asset trading. Within two years it has become the ‘one stop shop’

for all things crypto, and it has no plans to stop there.

There are a number of similarities between Facebook and

Binance and a recent Forbes

piece citing the Coin Talk podcast has delved deeper into the men at the

helms. Just like Binance, Facebook was considered a niche product when it was

launched as it was only aimed at US students. Myspace dominated the social

media scene before Facebook arrived and consumed the competition.

Under the guidance of Zuckerberg, who strived to be cool

while in control, Facebook became a monster with tendrils that touched every

corner of the web. Around 30 percent of the planet’s population uses Facebook and it has all

but obliterated any competing platforms or services.

Comparing the two chief executives there are clear similarities, with the popularity of Zuckerberg in the early years of Facebook, and the idol like respected that Changpeng ‘CZ’ Zhao gets from the crypto community today. Jay Caspian Kang who co-hosts the popular podcast said;

“In the film The Social Network, Mark Zuckerberg puts ‘I’m CEO, bitch,’ on a business card. He was play acting a cool guy that doesn’t care about anything, seemed to be just rolling with the punches but is totally in control. CZ is like the real version of that in crypto.”

CZ’s use of twitter to engage with his 333,000 followers and

the wider crypto community has earned much kudos for him and the company he

commands.







How I use Twitter



I seek and provide positive energy

I block negativity/annoyance

I be myself, a normal guy, nothing fancy

I interact with our supportive community

I retweet when you shill @binance

I shill #BNB once in a while



I thank my 300k followers. pic.twitter.com/V7iuTfRYkK — CZ Binance (@cz_binance) March 16, 2019









It clearly works for Binance which has exploded onto the

scene in just a couple of years. From the early days of being a quirky trading

platform the company now has offices across the globe, multi-language

exchanges, many with fiat to crypto on-ramps, and an ever growing number of

users.

It doesn’t stop there; products including Binance Labs

blockchain incubator, a LaunchPad token platform providing instant success to

its selected projects, an educational Academy, research and development divisions,

Ethereum rivaling Binance Chain and decentralized exchange, and even a charity

have all been added to the growing list.

And we have yet to mention Binance Coin, the

exchange based token that has surged 250 percent this year alone and is now the

seventh largest cryptocurrency by market capitalization which is currently $3

billion.

There is no denying the power

Binance now wields over other blockchain projects and the emerging crypto

space. This has been clearly demonstrated with the Bitcoin

SV boycott. Time will tell if the crypto company and its enigmatic leader

will follow in the footsteps of Facebook and consume the entire ecosystem!

The post Is Binance Striving to Become the Facebook of Crypto? appeared first on Ethereum World News.