Crypto exchanges have become all the rave, with users wanting a place where they can exchange between coins and cryptocurrencies. With all the various types of exchanges out there to choose from, a consumer is spoilt with choices.

However, one exchange has been able to stand out very much in this space. And that exchange is Binance.

Binance was created in 2017 by Chaopeng Zhao, who has had experience in the financial sector. He previously created trading platforms for big banks.

Binance has since then become the fab favourite, amassing over 3 million users all over the world.

However, Binance didn't sit still. As they began to grow bigger and bigger, they began to delete the competition.

How? 

By buying them.

Binance has acquired a ton of popular cryptocurrency services, some of which include:

• WazirX: The pioneer cryptocurrency exchange in India.
• Coinmarketcap: The most popular place for users to find information regarding cryptocurrencies of their choice.
• Swipe: Popular cryptocurrency wallet and card service.(whose token is up over 100% from where I bought it, yay!)
• Trust wallet

Binance has also expanded their reach to multiple African and European countries, including Nigeria and most recently, the UK.

Binance also created an exchange specially for US citizens to take advantage of.

Here's a list of all the services Binance offers.

• A mining pool
• Multiple exchanges
• Wallet apps
• A card service
• Fiat gateways
• A launchpad service
• A DEX
• A charity

Now, why do I feel that Binance is trying to take over the crypto space?

Well, it's because of the specific nature of the services they acquire.

Take their mining pool for example. They rose to the top 10 in hash rates just ok their first day of launching the pool. Many people want to be associated with Binance, so they moved their kit over to Binance's pool.

Or how about Swipe? Swipe gives the ability to people in over 200 countries to spend crypto directly from their wallet. Binance acquired that to be able to legally process fiat transactions.

Or what about CoinMarketCap? They want Binance to be the first thing you see so bad that they stopped ranking exchanges based on volume, and started ranking based on "social factor". Which out Binance at number 1, and put Bitmex, with over 2 billion dollars daily volume, at number 20.

Binance wants to control every aspect of the crypto space, and they're doing it underground, without anyone noticing.

While this would be great to have an ecosystem of apps and services where you can log into everything with just one account, I feel that CZ has alterior motives.

I just can't shake the feeling off.

What do you guys think about this? Let me know down below.

Thanks for reading.