“There’s only two ways I know of to make money: bundling and unbundling” — Jim Barksdale
Today, Binance announced the successful deployment of the Binance Chain genesis block. The Binance public blockchain will host the future Binance DEX and will be powered by Binance’s native ecosystem token, $BNB. Today, the blockchain appears to be positioned primarily as an asset issuance platform with crypto project Mithril announced they had successfully migrated over from Ethereum.
The strategic move to launch a separate a non-custodial trading model is interesting given the contrast to the strategic orientation of Western comps like Coinbase. Earlier this week, we discussed Coinbase and their strategic goals as they build up and down the storage value chain :
… an exchange like Coinbase is an aggregator in the Thompsonian sense .
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