The highest level of business warfare, taking advantage of your weakness to claim your life, this time Binance's update is significant. The timing is also perfect; I really don't know if it's a blessing from above.
Binance has deeply integrated the wallet assets and exchange, making on-chain trading feel the same as trading on the exchange.
If you have money in the exchange, you can directly buy on-chain assets in one step. Originally, the steps to buy on-chain assets were: 1. Withdraw from the exchange 2. Prepare gas fees 3. Open swap 4. Trade
Now, Binance allows direct purchases, which is incredibly impressive. I tested buying 100 USDT, and the final asset is in Binance - Assets - Alpha. The transaction in between doesn't feel like there's a gas fee, and there are no cumbersome steps.
A few changes brought about: 1. The value of Alpha has increased significantly. 2. The information gap between on-chain assets and the exchange has been eliminated, reducing the immediate cap after going on, and many coins actually don't need to go on the Binance main site; they can stay in the high-risk Alpha. 3. Distinguishing between the main site and on-chain assets can satisfy different risk appetites without having exchange users continuously offloading to on-chain users.
I really have to give a thumbs up to the functionality of this update; it’s a leap in trading experience.
#BNB
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