"Centralized exchanges are not so bad"

Changpeng Zhaco, founder and CEO of the famous Binance Stock Exchange commented that centralized trading "is not so bad" and that decentralization would not be a cure for everything, among recent comments from the co-founder of Ethereum Vitalik Buterin He said that he expected all centralized exchanges "to burn in hell". Binance, which launched its own Initial Coin Offering (ICO) more than a year ago, has quickly become one of the largest niches in the crypto community.

Meanwhile, even the most recognized decentralized fellowships are still far from the capacity of their centralized counterparts. Vale also notes that in the years since the launch of Bitcoin, it is precisely these centralized exchanges that work with price increases to bring together a community of traders to add liquidity.

Also, the bad reputation of this type of trade dates back to the early years of the crypto revolution, when the great losses led them to disappear, with exchanges recognized as Bittrex and Poloniex undergoing numerous DDOS attacks.

In this context, decentralized exchanges have also been violated. more than an opportunity, such as the already memorized flight of private keys by JavaScript that EtherDelta has suffered, or the recent attack that the Bancor ecosystem has suffered through a clever contract.

Binance has not been exempted from this type of attacks, suffering from vulnerability in its API twice, in addition to a mysterious suppression of 7,000 Bitcoins followed by a series of pumps in the prices of some less recognized currencies. However, the exchange has the best reputation on the market because of its technical accuracy.

In addition, Binance is considered one of the exchanges with better and more effective communication with the public, in addition to its active participation in causes such as donation. and fundraising to help flood victims in Japan.

It is also worth noting that Binance has collaborated with the launch of the ICON (ICX) and TRON (TRX) core network and will support the VeChain (VEN) exchange, in addition to updating the Augur Smart contract (REP) and reopen its deposits.