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The story of what Binance CEO Changpeng Zhao was able to accomplish just under two years has been incredible. Launched in July 2017 in the face of stiff competition from established rivals and a fiercely bullish market driven by the hype of Bitcoins, rather than a challenge for Zhao, this combination has been a catalyst for dazzling success.
In a new visualization of data that is making its way around social media platforms, it shows the growth of trading volumes on major stock exchanges since the beginning of 2017. It also shows how much Binance's progression to the top has been fast.
Binance swings and quickly becomes the king of cryptographic transaction volume
Binance can not seem to do anything wrong in the eyes of the crypto community. While many exchanges have a negative connotation, Binance is loved by most. The company recently launched its own blockchain and its native cryptographic token, Binance Coin, was one of the most successful investments in this field throughout the year. Recently, Binance has been charged with the removal of Bitcoin SV, due to the controversy surrounding the supporters of the project.
Related reading | Binance Coin (BNB) near ATH after the exchange of several bullish announcements
Before these recent events take place, Binance has earned a reputation for thwarting hacking attempts. In general, he is a positive member of the cryptography community, offering rewards programs for hackers, donating to charities, and so on.
Among the largest varieties of altcoins, Binance has its own kick-start program for new projects, which has generated a lot of interest in the launch of the BitTorrent token.
Together, with a courageous ethic, clear transparency, brilliant leadership and a solid business strategy, Binance has become a force to be reckoned with in the cryptography industry.
Related reading | Binance removes Bitcoin SV, BSV price falls in minutes
A new data visualization designed by Blocktown Capital, shared via Twitter, shows Binance's incredible track record at the top thanks to the growth of cryptocurrency trading volumes across the main crypto market exchanges.
Really cool to see the #bitcoin trading volume by exchange from 2017 to today. ??? #BTC #trade #volume #cryptolife #lebitcoinfamille pic.twitter.com/gNvhIB8XM6
– ₿ idi Didi Taihuttu ₿ (@Diditaihuttu) April 19, 2019
The video shows that Bitfinex had once held a comfortable spot at number one for most of 2017. It was not until December that Binance really exploded and rockets outperformed most competitors. This is the peak of the Bitcoin bubble and the subsequent influx of capital in search of the "next Bitcoin" that made Binance an interesting proposition, but it is Changpeng Zhao's vision, leadership and connection. with the cryptocurrency community that has allowed its leading company in the market.
Do you like Data Viz? Discover this crypto Top Ten
It's not clear who inspired who or the data viewed through the two videos are just casual, it's a fun way to digest historical data. Similar to the video above illustrating the growth in the volume of cryptographic transactions across all exchanges, the figure below does the same for the top 10 market capitalization crypto-currencies in the last 6 years.
Just 10 years ago #Bitcoin The transaction has been sent and it is amazing to see the growth of the industry and the number of new badets gaining ground.
In this unique DataLight visualization, you can track the top 10 market capitalization cryptographic badets from the early days of cryptography to today. pic.twitter.com/JIYT3KagwD
– DataLight (@DataLightMe) April 17, 2019
As you can see, the battle is fierce. Many cryptos no longer fall out of fame and never come back, while others remain dominant today.
Selected image of Shutterstock
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