Success of Binance Launchpad IEOs Leaves Largest Exchange in the World Without Competition

There is no denial that Binance is the largest cryptocurrency exchange in the entire world, but it is rapidly progressing from being the leader in the initial exchange offering (IEO) market. The company has used their launchpad program to launch several tokens so far, which have been fairly successful. However, there does not appear to be any platforms in the space that can hold a candle to their progress. Both BitTorrent and the Matic Network have some high aspirations, while Binance is holding down their position as a major competitor in the IEO space. Other competing platforms have been backed by OKEx, Huobi Global Kucoin, and Bittrex. Ceteris Paribus released data on their progress, revealing that Binance showed a 501% return with their token sales. The highest returns they have seen come from MATIC (870%), BTT (869%), and Fetch AI (128%). The return on investment (ROI) recorded for these tokens are 11.0x, 13.8x, and 3.2x, respectively. The rival exchange to Binance – Malta's OKEx