Topic: War of exchanges (Read 295 times)
It wasn't difficult for me to withdraw money from the exchange, 'cause HitBTC released a multi-wallet recently, where I moved my coins.
I found this email strange from Whitebit exchange which required anybody holding Bnb on the exchange to withdraw it by the 17th of November , could this be payback to Binance for not bailing out FTX exchange when it had the capacity or is something else going on here? Out of curiosity what leads to the removal of a coin from being listed on the exchange besides bad performance or little to no liquidity??
This also should be a warning that people should never always use an exchange as a wallet. Any time, anything can happen. I mean, look at the deadline they just gave for people to withdraw their monies.
When Binance listed WhiteBit in early October, the market took a nosedive, causing one of their customer service representatives to respond.
I think, Whitebit is removing BNB is not so much an indication of the strength of BNB as it is of Whitebit's stance towards Binance.
This could be payback for Binance's failure to remove FTX from its trading list. Or perhaps this could be a signal that Whitebit will soon be making some changes to its own company structure, such as adding more cryptocurrencies or tokens? Who knows?
I can't say for sure, but I can confirm that there must have been a bad relationship between the two exchanges.
Yes, this is true, what the WhiteBIT platform did indicates the extent of their bad relationship with the Binance platform and its founder, there is no reason mentioned by the official Twitter account of the WhiteBIT platform after they delisted the BNB coin, what the WhiteBIT exchange did, it lost investors and BNB holders and lost its partnership with Binance, the top exchange platform in the crypto market, and for Binance the matter does not matter much given that the WhiteBIT platform is not as popular as Binance, in addition to that it ranks 64th in the crypto market and it only has 3 million users. I think, Whitebit is removing BNB is not so much an indication of the strength of BNB as it is of Whitebit's stance towards Binance.
This could be payback for Binance's failure to remove FTX from its trading list. Or perhaps this could be a signal that Whitebit will soon be making some changes to its own company structure, such as adding more cryptocurrencies or tokens? Who knows?
I can't say for sure, but I can confirm that there must have been a bad relationship between the two exchanges.
When Binance listed WhiteBit in early October, the market took a nosedive, causing one of their customer service representatives to respond.
I think, Whitebit is removing BNB is not so much an indication of the strength of BNB as it is of Whitebit's stance towards Binance.
This could be payback for Binance's failure to remove FTX from its trading list. Or perhaps this could be a signal that Whitebit will soon be making some changes to its own company structure, such as adding more cryptocurrencies or tokens? Who knows?
I can't say for sure, but I can confirm that there must have been a bad relationship between the two exchanges.
I think, Whitebit is removing BNB is not so much an indication of the strength of BNB as it is of Whitebit's stance towards Binance.
This could be payback for Binance's failure to remove FTX from its trading list. Or perhaps this could be a signal that Whitebit will soon be making some changes to its own company structure, such as adding more cryptocurrencies or tokens? Who knows?
I can't say for sure, but I can confirm that there must have been a bad relationship between the two exchanges.
There's no news about this exchange want to delist BNB until I visit this thread lol, no one know about this exchange and it seems they just want to make a new drama against CZ, but there's no reaction by CZ and this news isn't hype. This mean it doesn't affect CZ and Binance, although I really support their idea to remove this shitcoin. There's no war, the recent news is still about FTX vs CZ, not Whitebit vs CZ.
Why most it be now since we don't hear about FTX issues, the Ukraine and Russian war has been there for long now and there is no delisting just of few days panic about FTX and we have now panic every angles this is to show that there's something going on internally without our knowledge so to me i advised any dealing with whitebit should withdraw back their funds to Binance exchange.
Bro it was going on for a long time, but sanctions related to crypto were implemented just now - everyone started step by step getting out of the Russian Market, but Binance is not willing to do the same. Whitebit has Ukrainian origins so it is clear that for them it is not acceptable to avoid sanctions on Russia. 
For Now, FTX exploding!!!
I hope all of you are safe if you have withdrawn all your funds from FTX, this hacking case seems to have been planned by some or some insiders who are starting to lose control of their emotions. Maybe someone will be exposed as the mastermind behind the hack, but it's clear FTX has added to its list of failed exchanges by now.
According to some people in social media, FTX has been hacked and users who have the app installed in their phones might be at risk for malware if they update this. It will be safer to delete it. It is also adviced to avoid going to the site because there might be trojans.
This is a public service announcement and I created this thread here in main bitcoin subforum on purpose where it will be seen by more people. Moderators can delete or move this thread later.
This is a public service announcement and I created this thread here in main bitcoin subforum on purpose where it will be seen by more people. Moderators can delete or move this thread later.
I hope all of you are safe if you have withdrawn all your funds from FTX, this hacking case seems to have been planned by some or some insiders who are starting to lose control of their emotions. Maybe someone will be exposed as the mastermind behind the hack, but it's clear FTX has added to its list of failed exchanges by now.
Why most it be now since we don't hear about FTX issues, the Ukraine and Russian war has been there for long now and there is no delisting just of few days panic about FTX and we have now panic every angles this is to show that there's something going on internally without our knowledge so to me i advised any dealing with whitebit should withdraw back their funds to Binance exchange.
The wave of panic that hit the market because of these internal conflicts led to a catastrophic decline in the prices of all currencies. Both companies play a very important role in the cryptocurrency market, and anything that is observed will affect the trading activities, and the price will move according to the degree of impact of that news.
It is true that partnerships between platforms and cooperation campaigns are announced, but we must not forget that these companies are in a continuous struggle in the form of competition that may begin as fair and may end in clash.
Why most it be now since we don't hear about FTX issues, the Ukraine and Russian war has been there for long now and there is no delisting just of few days panic about FTX and we have now panic every angles this is to show that there's something going on internally without our knowledge so to me i advised any dealing with whitebit should withdraw back their funds to Binance exchange.
And what will be Whitebit reason for asking it's customers to withdraw BNB? And the timing of it?
Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
I have never heard of this exchange, how can an exchange with no reputation affect bitcoins? Bitcoin's drop was due to news surrounding FTX's bankruptcy filing and SBF's resignation. you try to check if the BNB trading volume on whitebit is almost zero so no one cares about this. if anyone holds BNB then everyone will use binance. Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
Wow, why is this problem getting more complex? The war between exchanges of course will continue to occur to bring each other down and increase their own exchange. But doesn't this actually make the crypto business worse?
I'm not very familiar with the WhiteBit exchange, but if a lot of people do something similar to smack each other and drop either BNB or other exchange coins, what are the worst consequences?
Every war of exchange is probably similar to the wars in the world. There may be 2 interests from certain parties, but the victim is the community. Is this one way to make the market drop even more? Or only certain coins? Of course, there will always be a hidden premise for everything. Yes, we as users and the public certainly hope, why not return to normal, normal conditions? But I remember again, this is the business world.
I'm not very familiar with the WhiteBit exchange, but if a lot of people do something similar to smack each other and drop either BNB or other exchange coins, what are the worst consequences?
Every war of exchange is probably similar to the wars in the world. There may be 2 interests from certain parties, but the victim is the community. Is this one way to make the market drop even more? Or only certain coins? Of course, there will always be a hidden premise for everything. Yes, we as users and the public certainly hope, why not return to normal, normal conditions? But I remember again, this is the business world.
Try to ask them OP, perhaps you'll get an answer.
But giving a very short period of time for holders to withdraw send me alarms as it has always been an attempt to bag funds. I took a look at their past delistment tweets and it looks like this is the usual for them - giving 1-2 weeks time for people to withdraw. Another reason to not store your funds in an exchange.
I suggest paying a close attention to this (or just avoid them completely lol). I forgot the name of the exchange but frequent delisting + giving people very short period of time to withdraw was their scam scheme before halting withdrawals.
But giving a very short period of time for holders to withdraw send me alarms as it has always been an attempt to bag funds. I took a look at their past delistment tweets and it looks like this is the usual for them - giving 1-2 weeks time for people to withdraw. Another reason to not store your funds in an exchange.
I suggest paying a close attention to this (or just avoid them completely lol). I forgot the name of the exchange but frequent delisting + giving people very short period of time to withdraw was their scam scheme before halting withdrawals.
~snip~
It would have been war of exchanges if every exchange out there started following similar path. I think it could be internal decision. Because if such spontaneous cycle of removing exchange coins started then everyone will end up removing their own TICKER from every exchange. Could impact the business badly.
^That is exactly, this is not considering war exchange because only one exchange did this not all exchanges, and probably if 5 exchanges will do the same thing, I think that boils down to considering there is an exchange war. But this could trigger a reaction from another exchange which is the same as they are destroying Binance because it is a big-name exchange, the competitor will always make happy to see this. It would have been war of exchanges if every exchange out there started following similar path. I think it could be internal decision. Because if such spontaneous cycle of removing exchange coins started then everyone will end up removing their own TICKER from every exchange. Could impact the business badly.
For now, let us wait for further results of this drama, I am doubtful that there is possible hidden agenda for this
I found this email strange from Whitebit exchange which required anybody holding Bnb on the exchange to withdraw it by the 17th of November , could this be payback to Binance for not bailing out FTX exchange when it had the capacity or is something else going on here? Out of curiosity what leads to the removal of a coin from being listed on the exchange besides bad performance or little to no liquidity??
**if i posted in the wrong thread ,would appreciate moving it**
is high and support from one another could really happen.If this Whitebit does really look on Binance step or action had done on FTX then its up to them whether they would be doing or showing up some support
on each other or would really be not caring on whats happening currently with those competitors around.
Overall its not really something a good thing on seeing about exchangers does have these kind of actions considering it do really create out some mess up on the market.
I found this email strange from Whitebit exchange which required anybody holding Bnb on the exchange to withdraw it by the 17th of November , could this be payback to Binance for not bailing out FTX exchange when it had the capacity or is something else going on here? Out of curiosity what leads to the removal of a coin from being listed on the exchange besides bad performance or little to no liquidity??
I'm not really sure what the problem is, but it's probably FUD for Binance or BNB. However, without that, you really have to move the assets you don't trade to your wallet because maybe we're need move away from the current unhealthy market.**if i posted in the wrong thread ,would appreciate moving it**
Move here: Bitcoin Forum > Economy > Marketplace > Service Discussion > Exchanges 
Out of curiosity what leads to the removal of a coin from being listed on the exchange besides bad performance or little to no liquidity??
**if i posted in the wrong thread ,would appreciate moving it**
Lack of volume, lack of liquidity and so on. **if i posted in the wrong thread ,would appreciate moving it**
But on this case, I doubt that BNB will have those factors to get removed from an exchange. Maybe there's sort of personal matter of them against Binance and what just happened when they didn't continue the deal with FTX.
There could be some serious info that we don't know until we ask this whitebit exchange on what's really the reason for delisting a top and known coin though owned by another exchange.
Looks like the info is legit. I found their tweet about it, but there is no explanation:
https://twitter.com/WhiteBit/status/1590745188955295746
I do not think that this is a war of exchanges. WhiteBit probably has its own reasons for delisting BNB, and maybe it is related to the war in Ukraine and Binance's policy regarding sanctions against Russia, or there is simply not enough volume trading BNB pairs.
We don't know what exactly happening within exchanges. WhiteBit might've got different reasons for the delisting of BNB from trading. But, this isn't the right time to do it. Now anything happening with the coins BNB and FTX will be connected with the ongoing exchanges war. According to me, the exchange could've given notification citing the reason for its immediate action than just providing deadline. https://twitter.com/WhiteBit/status/1590745188955295746
I do not think that this is a war of exchanges. WhiteBit probably has its own reasons for delisting BNB, and maybe it is related to the war in Ukraine and Binance's policy regarding sanctions against Russia, or there is simply not enough volume trading BNB pairs.
And what will be Whitebit reason for asking it's customers to withdraw BNB? And the timing of it?
Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
In every industry that is some kind of internal competition but this competition is not made known to public. It is always internal and handled internally and not always out of hand. In fact it is a competition of smartness not a competition of hurting one another. Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
The whole saga happening recently is not in favour of cryptocurrency and its adoption.
I sincerely wish all this CEOs will retrace their steps and follow the right way for the sake of our dear crypto.
Whatever maybe the case with Whitebit, they should be very careful because CZ is very smart and well prepared, people dealing with him should be very cautious of what they do.
This is very similar to what happened on Binance a couple of months ago, as far as I know Binance stopped the support to one of the major stable coins within the market: USDC, among others. I am not sure why, since I have not read in detail, but i assume it was to favor their own native stablecoin BUSD within their own platform.
In the end, exchanges are businesses and they are competitors among themselves, so I am not really surprised to see some of them taking advantage of their influence to push their own interests, which are mostly economic and strategic in nature, I don't agree with it, of course, but it is little we can do.
Considering how important is BNB in terms of Marketcap, it would seem this is indeed a retaliatory move against Binance.
In the end, exchanges are businesses and they are competitors among themselves, so I am not really surprised to see some of them taking advantage of their influence to push their own interests, which are mostly economic and strategic in nature, I don't agree with it, of course, but it is little we can do.
Considering how important is BNB in terms of Marketcap, it would seem this is indeed a retaliatory move against Binance.
And what will be Whitebit reason for asking it's customers to withdraw BNB? And the timing of it?
Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
Probably this is another reason why the prices goes down again to $16,600, because of them delisting BNB on their platform.
I read that because CZ is avoiding sanctions on Russia and Iran? Let's see what will be CZ response, will he delist WBT then on Binance then?
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