The Rise of DeFi Solutions like TMS Network (TMSN) is Killing Centralized Cryptos like Binance (BNB) and Ripple (XRP).

The world of crypto is still in its infancy, but it is learning and doing it fast. The events that unfolded in 2022 laid bare to the world everything wrong with centralized exchanges. FTX was one of the biggest centralized exchanges, valued at a massive $40 billion, complete with an influential CEO, Sam Bankman Fried. But, as it turned out, it was nothing more than a house of cards. Allegations of money laundering and fraud finally led to FTX's collapse. The event also reiterated why a centralized exchange is not fit to function in a blockchain technology market, which values anonymity, transparency, and, ironically, decentralization.

No wonder, as soon as crypto users find a strong decentralized exchange like  TMS Network (TMSN), they leave centralized exchanges. In the process, they are killing centralized cryptos like Binance (BNB) and Ripple (XRP).

TMS Network (TMSN) Offers an Amazing Solution

 TMS Network (TMSN) is not a regular decentralized exchange where only crypto users can trade. TMS Network (TMSN) also allows traders to trade cryptocurrencies and CFDs. Along with these crypto asset classes, traders can also trade stocks and forex on TMS Network (TMSN). This is a unique offering that no other DEX in the crypto world offers. More importantly, this is the preliminary step towards bringing cryptocurrencies closer to traditional finance.

The stage 1 presale of TMS Network (TMSN) raised $500,000 at $0.025. As the word spread, more investors were interested in the stage 2 presale, and TMS Network (TMSN) raised another $3.5+ million at $0.05. The ongoing stage 3 presale is breaking these records as  TMS Network (TMSN) climbed to $0.08. The incredible growth of  TMS Network (TMSN) is fueled by the demand for its use case and the waning trust of investors in centralized exchanges.

Binance's (BNB) Troubles are Getting Bigger & More Expensive

Binance (BNB) has been feeling the heat of uncertainty after it was riddled with lawsuits from all directions. The most significant among them are the allegations by the U.S. Commodity Futures Trading Commission (CFTC). According to the complaint, Binance has intentionally bypassed U.S. laws. Binance (BNB) allowed Americans to trade in crypto derivatives. Retail crypto investors in the U.S. are barred from investing in these market instruments, but Binance (BNB) enabled them.

The complaint also compelled a federal judge to stay the purchase of Voyager Digital by Binance (BNB) for $1 billion. This was followed by a massive $1 billion lawsuit filed by a law firm on behalf of three American investors in Binance (BNB). They allege that Binance (BNB) misled them by using unlawful paid promotions using influencers.

These allegations had a ripple effect and saw Binance (BNB) investors withdrawing more than $1.6 billion from the platform. Investors are fleeing the centralized platform to move to more transparent decentralized platforms like  TMS Network (TMSN).

Ripple (XRP) is in SEC Trouble

Ripple (XRP) is another highly centralized cryptocurrency. No public entity can decide on any matters related to issuing new Ripple (XRP) coins. Unlike Bitcoin, Ripple (XRP) is not validated by any miners. Ripple (XRP) has its own Ripple Protocol Consensus Algorithm (RPCA) to validate transactions. The centralized infrastructure of Ripple (XRP) makes the blockchain less secure than decentralized tokens like  TMS Network (TMSN).

The U.S. Securities & Exchange Commission (SEC) has been fighting a case against Ripple (XRP) for a while now. According to the charges, Ripple (XRP) raised $1.3 billion by selling unregistered securities. There has been no final judgment on the case yet, but it definitely puts a dent in the value of Ripple (XRP).

Presale: https://presale.tmsnetwork.io

Website: https://tmsnetwork.io

Telegram: https://t.me/TMSNetworkIO

Twitter: https://twitter.com/@tmsnetwork_io