Hold on cex or wallet

English General Discussions
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1

Once I heard that my ada coin should not be on Binance because it negatively affects vote mechanism, can I know more

2

When ADA is held on Binance, you don’t control the keys — Binance does.
That means:

  1. Voting Power:
  • Binance can vote in Cardano governance proposals using the ADA they hold — including yours.
  • This centralizes governance, giving Binance (or other exchanges) disproportionate influence.
  1. Staking Power:
  • Binance usually delegates all users’ ADA to their own staking pools.
  • This makes those pools very large, which hurts decentralization.
  • Cardano works best when staking is spread across many small pools.
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