Binance Is Getting Dangerously Big

SummaryBinance is by many metrics the largest organization in crypto.This is a dangerous situation, as Binance is a very centralized entity and blockchain.Proof of this can be found in the latest moves the platform has made against rival stablecoins.Thesis SummaryBinance Coin (BNB-USD) is the native coin of the Binance exchange. In a controversial move, Binance has now made a controversial move by converting numerous stablecoins on its platform to its own stablecoin BUSD (BUSD-USD).Binance is much more than an exchange, and it is becoming a very dominant player in the crypto space while also being a very centralized entity, and this is something we can't take lightly.BNB: More Than a CryptocurrencyBinance Coin powers one of the most popular cryptocurrency exchanges and its entire ecosystem. BNB was originally issued as an ERC20 token on the Ethereum blockchain when it was first launched in its 2017 ICO. Binance's tech reaches among all strata of the cryptosphere, making Binance a household name.But Binance is much more than an exchange, it is a flourishing ecosystem. There is a cryptocurrency exchange, both centralized and decentralized, an NFT platform (Binance NFT), a cryptocurrency wallet (Trust Wallet), a token launch platform, a blockchain/crypto education platform (Binance Academy), a charity (Binance Charity), and lots of blockchain projects that run on the Binance Smart Chain.Binance introduced the BNB chain in 2019 as...