Binance epitomizes change, adaption and rebirth.

What if you could create an exchange which has everything good about Binance Exchange, but you were in control?

.. maintain your freedom and customization.
Ad for Binance Cloud

Binance Cloud

A new project of Binance, which enables you to create a project like an exchange or DEX which has access to the liquidity, security and many other tools available on Binance Exchange is called Binance Cloud. So if you wanted to create an exchange with all the features of Binance and no KYC .. you could. In fact someone already has, and it's called Mandala Exchange.

Mandala Exchange

• Based on Binance Cloud
• CertiK Audited
• No KYC for withdrawals up to 2 BTC per day.
• Not available to US Citizens.

Cross blockchain bridge

What if you didn't want to run an exchange, but you wanted to facilitate cross blockchain trading and asset transfer, by building a bridge. Well you would have competition from Binance Bridge, or you would have until November 25th, 2021. After that you would be a new Bridge in a sea of new Bridges, but if you had access to Binance technology, liquidity and security, and BInance advertised you to all it's old Binance Bridge Customers... you would have a head start.

Well you can, or I suspect that the two Bridges Binance is now advertising on the page announcing the closure of it's Bridge, Binance Bridge are clients of Binance Cloud.

Whats it all mean? Where's Binance going with this?

Binance has always been hard to figure out in some ways because they appear to think differently from most centralized exchanges.

For example when decentralized exchanges became popular other centralized exchanges were critical of them and perhaps saw them as competition. But Binance built a decentralized exchange; Binance Dex. Which in some ways competes with it's centralized exchange. This is an example of Binance thinking differently or like Americans are fond of saying out of the box. I think they are not constrained by popular or prevalent thought.

My thoughts

• Binance thinks differently
• Binance embraces change and adaptation
• Nimble thinking is a company cultural trait: encouraging thinking about how products can adapt to change in technology and government rules, but not by creating a new department to deal with competing technology or rules. Instead adopt the new technology or move out of the juristiction of government rules.
• Binance is evolving

Binance thinks differently

I think Binance Cloud is another example of Binance thinking differently about the world then other large exchanges and fintech companies. I think that some exchanges would refuse to share their tools, liquidity and security with smaller exchanges, especially decentralized exchanges. But Binance turns it's resources and most valuable attributes like liquidity and security into services which can be rented to people providing services similar to Binance's main products.

Thus Binance moves to a more frictionless position with governments and users, alike, but still stays in the game. Instead of providing service A, it provides the technology for others to provide service A. And now someone else has to deal with customers and governments.

Binance embraces change and adaptation

If you think about it, Binance Dex is a different business model than Binance Exchange. Binance Smart Chain is a different model from Binance exchange and Binance Dex. Binance Cloud is a bigger step outside the box than both Binance Dex and Binance Smart Chain. It is an entirely different business model, and I think after studying Binance that change is the norm, not the exception.

Binance is run by and employs smart, nimble thinkers.

I think the the founder of Binance is a smart, nimble thinker, who employs smart, nimble thinkers. I think they focus on change and adaptation to the ever changing technological environment of cryptocurrency, as well as the very difficult regulatory environment.

Binance is evolving

I think Binance is evolving away from being a direct service provider, who is responsible for KYC, and reporting transactions to government agencies. I think they are evolving away from having entire departments dedicated to KYC, anti-money laundering and banking laws. I think they are evolving into a company which provides the tools for other companies who want to provide services in a more decentralied manner from the beginning with no central agency for governments to attack or hold accountable. Thus Binance stops being the target, and these agencies from their beginning can be difficult or impossible to target given their decentralization.

Who is who?

Quite honestly, there's no way for me to know that these new decentralized companies with no centralized leadership aren't Binance with a new name and corporate structure. Quite frankly, if they are I admire the leadership of Binance even more. Quite smart, nimble, adaptable and forever seeking low friction environments.

Best ally decentralized finance has?

Ironically, despite all the allegations of centralization made against Binance, the development of decentralized organizations with no central office, official administration and or founders for governments to harrass is what decentralization is truly about. If these are trustless, decentralized companies are inventions or creations of Binance...

... then it is Binance which is helping cryptocurrency and the blockchain live up to it's promise as trustless, cross country, pan-global, decentralized entities where code is law.

• Irony
• Reality
• Binance

I think we all need to start thinking outside the box like Binance, and be smart, nimble thinkers focused on adaptation to change.

The End... @shortsegments

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