Article By William Suberg
Cryptocurrency exchange Binance’s education portal has reached the top three most popular products on Y Combinator-backed exposure platform Product Hunt, the website’s listings revealed on Feb. 18.
Product Hunt, which launched in 2013 to showcase up-and-coming products and services to mainstream consumers, currently holds Binance Academy as its third-highest ranking entity. Other cryptocurrency-related offerings include trading tool Robinhood and statistics and passive income generator Earn.com.
Binance Academy debuted in December last year as a means of providing cryptocurrency traders with information on Bitcoin (BTC) and the cryptocurrency industry in general.
Executives appeared eager to increase technical proficiency among users in the wake of multiple ongoing hacks of exchange platforms.
“Education is the integral pillar to proliferating crypto and blockchain usage,” chief growth officer Ted Lin commented in a press release at the time, stating:
“With Binance Academy, our goal is to provide an entirely neutral platform with quality, unbiased, educational information.”
Binance, which is ranked first on CoinMarketCap for adjusted 24-hour trading volume, is preparing to release a testnet version of a new kind of exchange this week. Binance DEX, a decentralizedplatform, will allow users to maintain control of their private keys and avoid thefts of funds kept in hot wallets with Binance as a trusted custodian.
Security of cryptocurrency holdings remains a major concern in the community, however, as novice users can fail to understand the implications of using hot wallets over safer options such as hardware devices.
Last week, United States exchange Coinbase caused a rift within the community after it released a tool allowing its Coinbase Wallet traders to store private keys in the cloud. Such a practice, critics argued, would make funds even more susceptible to theft from hackers.