Today, Binance is the biggest crypto exchange in the world, but do you know who dominated the market before Binance? ๐ง
๐น Mt. Gox (2010 - 2014) โ The first and largest Bitcoin exchange until it was hacked in 2014, losing 850,000 BTC and shutting down. ๐
๐น Bitfinex (2012 - Now) โ Before Binance, this was the most liquid exchange, but after a 2016 hack, its dominance faded. ๐
๐น Bittrex (2014 - 2023) โ Popular for altcoin trading, but regulatory issues forced its US version to shut down in 2023. ๐ซ
๐น Poloniex (2014 - Now) โ Once the top crypto-to-crypto exchange, but after Binanceโs rise, it lost its position. ๐ฌ
๐น Coinbase (2012 - Now) โ Still a strong exchange, but mainly focused on the US market. ๐บ๐ธ
โก How Did Binance Beat Them All?
โ Lowest fees & more trading pairs ๐
โ BNB token reduced trading costs ๐ฐ
โ Faster & more secure trading platform ๐
โ Global expansion & aggressive growth ๐
Today, Binance dominates the crypto world, but if Mt. Gox hadnโt been hacked, the entire crypto industry might have looked different! ๐คฏ
๐ฌ Which of these old exchanges have you used? Share in the comments! ๐
