As Binance slows down asset listings, Poloniex attempts to retake market share

In 2017, as the world was the midst of cryptocurrency mania, Binance — led by its founder and CEO Changpeng Zhao — became one of the largest cryptocurrency exchanges in the world. Fueling this dominance was Binance's strategic decision to support as many assets as its client base demanded,  taking inspiration from its predecessors like Poloniex.

More recently, however, Binance appears to have slowed down its asset-listing process to focus on new initiatives like derivatives products and decentralized exchanges. Meanwhile, competing exchanges have noticeably begun to increase the number of assets they support in a bid to increase their trading volumes and expand their market share.