I don't think any exchange is too big to fail. Binance is one of those companies that looks like it has risky enough products that they'd end up closing down parts of the page and liquidating user funds to cover other bits (earn, futures and margin would probably be the most at risk of this type of thing - in that order).
Binance could also face problems ftx did such as hacks and poorly managed investments (we've seen the second one already but not to a huge extent - they don't back many popular collateralised tokens though which might protect them from some things that companies like ftx and coinbase might have been more vulnerable to).
Topic: Can Binance also get bankrupt soon? - page 4. (Read 501 times)
I think the situation that will happen if that happens is that some dirt would be brought up or something and then they would be unable to avoid it, it will definitely create that fear among the crowd, thus having a downfall of the exchange itself. It just that the unpredictability of people with their investments could have a big impact towards the price and that's definitely going to be how it will turn out. I do hope it wouldn't happen to the biggest exchange. As long as they would be away from potential detrimental issues, they would be fine.
Most of the members will not agree with the topic that Binance may also get bankrupt soon but we were alll thinking the same about the second largest crypto exchange after Binance. And we all know what has happened to FTX in last few days.
What concerns me is that there are some reasons which might cause big downfall of Binance also and it will have very bad effect on crypto in general. First thing that can cause collapse of Binance is regulations. Government is doing lot of research regarding this and they can take strict actions soon against the exchange. They can impose large fines on the exchange which can cause huge imbalance in their balance sheet. Another possibility os that some scams might surface up from behind the scenes in the exchange which is completely break the trust of investors and they will all start withdrawing the funds from the exchange making it completely dead.
What concerns me is that there are some reasons which might cause big downfall of Binance also and it will have very bad effect on crypto in general. First thing that can cause collapse of Binance is regulations. Government is doing lot of research regarding this and they can take strict actions soon against the exchange. They can impose large fines on the exchange which can cause huge imbalance in their balance sheet. Another possibility os that some scams might surface up from behind the scenes in the exchange which is completely break the trust of investors and they will all start withdrawing the funds from the exchange making it completely dead.
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