Binance Is Leading The Way Towards Greater Mainstream Acceptance

It appears that the long push for mainstream acceptance of crypto is seeing Binance leading the way along with its newest acquisition, the crypto data aggregator CoinMarketCap.

As we can see on Similarweb’s list of top-ranking investment websites, Binance is leading the way, the exchange along with the data aggregator are on the number 22 and 23 biggest websites in finance and investing.

.@Binance and @CoinMarketCap up to number 22 and 23 biggest websites in Finance, Investing. @Blockchain is number 44.

Monthly Website Visits:https://t.co/W2RqgwxEvV – 26.1 million https://t.co/37uBPjQjH1 – 32.8 million https://t.co/kL7rbv8hFK – 9.4 million pic.twitter.com/1I27Fe2WTQ

— Nawaz Sulemanji (@Coinsmash_) June 7, 2020

For those of you who don’t know or don’t follow the latest Binance news, SimilarWeb is a data analysis firm which gathers market intelligence related to tracking and growing Internet share. The company now looks at 80 million websites across 240 categories in more than 60 countries.

As current information shows, Binance is leading the way with CoinMarketCap as its newest venture. Both of the companies are making their mark on mainstream finance. Currently, Binance is up by two places and at 22nd place, while the crypto data aggregator CoinMarketCap is ranked 23rd and is up by four places. The full list can be seen below.

The list of investing websites also includes firms which dabble in cryptocurrency without actually owning it. One example is the trading platform eToro which offers cryptocurrency trading alongside many stocks and commodities. The firm IG is there too ranking at the 39th place and covering the full market range.

Having all of this in mind, it is safe to say that the latest cryptocurrencies news are gaining steam and the entire industry is incorporating itself more fully into the world of mainstream financial investing.

As an investment class, crypto is not recognized as a legitimate thing by the mainstream. However, data from SimilarWeb shows the opposite and a sentiment that is changing as we speak.

There is an ongoing discussion as to how Binance is leading the way in the crypto market. According to Alon Muroch who is the CEO of Box (crypto asset tracking and accounting software), the complexity of the onboarding process presents a challenge for some people, especially ones that are not tech-savvy.

“I find that the average person simply doesn’t want to deal with the responsibility of private keys when simpler, more accessible vehicles are available,” he said

What’s also important to note is the fact that the current COVID-19 pandemic is forcing a fundamental change in operations, and making cryptocurrency more accessible than ever before.