As one of the world's largest cryptocurrency exchanges, Binance's reputation in the cryptocurrency circle is generally polarized. There are both positive reviews brought by its significant advantages and controversial and critical voices. The following is a detailed analysis of the feedback from all parties:

1. Positive evaluation

1. High liquidity and trading depth

Binance is known for its extremely high liquidity, and its average daily trading volume has long ranked first in the world. For large traders and institutional users, its depth can effectively reduce slippage and improve trading efficiency.

2. Rich currencies and product lines

- Supports more than 600 cryptocurrencies, covering mainstream coins, altcoins, contracts, leverage, options, NFT and other trading scenarios.

- Provide diversified services such as "Binance Treasure" financial management, Launchpad (new coin issuance), mining pool, etc. to meet the different needs of users.

3. Low fees and discount mechanism

The spot transaction fee is 0.1% (payment with the platform currency BNB can enjoy a 25% discount), which is more competitive than other mainstream exchanges (such as Coinbase's 0.6%).

4. Technological innovation and user experience

- Binance's trading system is relatively stable, especially when the market fluctuates violently, it performs better than some small and medium-sized platforms.

- Launched a simplified version “Binance Lite” and a professional API interface, catering to both beginners and high-frequency traders.

5. Global layout and ecological expansion

A huge ecosystem has been built through the establishment of Binance Chain (BSC), investment in DeFi projects, and acquisition of compliant exchanges (such as Japan's Sakura Exchange).