Well, we see how fast Binance became huge. What is if there is a new even better exchange which will replace Binance? Then the coin will be probably worthless. OK I know this is pretty pessimistic, but with all the new decentralised exchanges coming up it is quite possible. That's why I didn't invest in BNB.
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I had the same thought, but I suspect in that case Binance would just turn into the coinbase of exchanges, meaning that Binance would be the starting point for mainstrem users when it comes to crypto-to-crypto trades...
NEX could be the next big exchange to topple binance.
I don't think this will happen in a nearby futur ! Maybe a crypto hack could scare the users ?
I have some BNB, it was a good trade from ETH in November sadly I didn't hold them all
Usually the answer is simple. If its not broke don't fix it. Using this logic, I apply my opinion to the success of an organization.
I use the application. If I do not have trouble with this I will continue to use it. The more advanced a user I am the better qualified I am to make a judgement.
A more qualified user will have more opportunities to find flaws in the system. If they do not, most likely other users will have the same experience.
I have been using Binance since Novemeber 2017. I have only had one scare when they were doing some site maintenance. Nothing like the Kraken scare. I think it is safe to say (4 months later) that this post holds water and binance could lead the way in a very young and growing crypto industry.