Binance announce delisting four coins: Binance holds Extreme Power in Crypto Market which can be abusive

in #crypto6 years ago

The reason why many people have signed up tp Binance is because it was very easy to sign up. While most of the other exchanges just stopped taking new users, Binance literally took everyone, moreover in other exchanges there are too many hassles like verification and all.

Thanks to that Binance managed to get a world wide population despite being the fact that they are a chinese company. With a heavy userbase, and big profits from trading fees and pump and dump of BNB, they are a bigshot in the industry, making $5.7 billion profit in 2017 and having a target of $20 billion by the end of 2018.

Binance would always charge heavy fees to list any coin on their exchange, they don't care if its a good coin or a shitcoin as long as they get the ransom, i mean "fees"

And with that they managed to grow a culture, whatever coin gets listed on Binance will have a price boost, ofcourse its done by insider pump and dump, to make the newly listed coin appear in their front of highest volume and highest percentage gain, just like a trending page.

Nevertheless they also have the power to destroy any coin. I clearlyremember when they listed BCN & CHAT.. how the prices just skyrocketed to the moon, and now all of a sudden they want to delist 4 coins including ICN & TRIG. And the reason is they want to protect their users, ok I don't know for sure if these 4 coins are just shitcoins or what, but if they want to protect then why won't they remove real shit coins like SKY or Populous.

And moreover as soon as they announce they gonna delist these 4 coins, look at their prices

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But go through the price chart of these coin and check how they pumped the price so high during the last few days so that they can dump it on the users at a very high price, yes the same users which they want to protect, before they can just delist the coins.

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