In case you haven't heard yet, Coinmarketcap, the leading cryptocurrency ranking tool was acquired by Binance in a big $400 million deal.

This means that Binance now owns the mobile app, website and has access to all the ranking software. 

Of course,they have morals and they haven't put their exchange as the first or put BNB above Bitcoin.

But this does mean something in the longer term, and that thing might not necessarily be a good thing.

As mentioned in my first post on this topic, I don't feel that centralised services are the best.

It's an unfortunate thing that the best services in crypto are centralised. 

The Trust wallet is my favourite hot wallet, and it's centralised.

There are some good decentralised trading platforms, but the powerful trading engine of the Binance platform means that my orders get fulfilled with much better accuracy and much quicker than these smaller decentralised ones. The volume on Binance also can't compare to the volume on theses decentralised sites. The huge volume means my orders get filled much quicker.

As much as I would love to move off Binance, they keep on adding great features that aren't available on sites like Uniswap.

Back to the topic on ground. 

I feel that Binance is taking the crypto world under its feet, one service at a time.

First they take the exchange. Then they take wallets. Then they take information.

With these three important services under their control, they can do and undo anything in the crypto world without repercussions.

Fortunately, there are great alternatives like CoinGecko. These ones haven't been acquired yet, and hopefully never will.

Thanks for reading.