Topic: What will happen to Binance? (Read 835 times)
More trouble,.... possible insider trading
https://twitter.com/GoldTelegraph_/status/1438984606624198662
I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.
I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal issues and eventually come out clean. The main issue is leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.
I see your point and if it's needed for binance to comply with that, removing Margin and Future trading is not hard for them.
It's more important to let crypto traders to continue using their services. Trust coming from investors is being established.
it's a long-term business that CZ will take care not to let anything bad happens.
on giving out their services here on crypto community.It do really sucks that regulation is something that cant really be avoided specially if you are already getting big and known as a business.
Asking on what would happen? It will really vary or depend on CZ on how he would handle out the entire company or giving out those actions.
I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.
I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal issues and eventually come out clean. The main issue is leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.
I see your point and if it's needed for binance to comply with that, removing Margin and Future trading is not hard for them.
It's more important to let crypto traders to continue using their services. Trust coming from investors is being established.
it's a long-term business that CZ will take care not to let anything bad happens.
Thanks to a wave of disgruntled customers and enthusiastic regulators, Binance has been garnering all the wrong types of attention over the past 24 months. Around the same time, German watchdog BaFin issued a warning to the exchange for offering securities-tracking digital tokens without publishing an investor prospectus.
I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.
I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal issues and eventually come out clean. The main issue is leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.
They're now thinking about an IPO for their US market.
https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/
And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.
https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/
And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.
I'm sure Binance will do whatever it takes to meet the US government's requirements. Slowly, all governments will move towards greater regulation of the cryptocurrency exchanges. I am sure that in a few years all exchanges will have to undergo full verification and what is happening with Coinbase and Binance (IPO) will have to be done by every exchange that wants to operate in the US.
Binance to halt offering some products in Singapore after MAS warning
https://www.straitstimes.com/business/banking/binance-to-halt-singapore-products-after-central-bank-warning
They're now thinking about an IPO for their US market.
https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/
And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.
https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/
And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.
Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.
Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might have lost their interest on using the platform.
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Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.
In time for sure those exchange will operate with KYC also because this is what the government wanted .on that platform.
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We cant really make any judgement yet but we can already presume on things that might happen this time.
from the very beginning I know this will come . 
Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.
Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might have lost their interest on using the platform.
Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.
We cant really make any judgement yet but we can already presume on things that might happen this time.
But for me KYC will be important on a platform in the future and we have seen this in various small things that KYC has been implemented.
But that's how each one evaluates.
Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.
Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might have lost their interest on using the platform.
Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.
We cant really make any judgement yet but we can already presume on things that might happen this time.
Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.
More issues on top of facing homelessness
SEC has now confirmed that #Binance is under investigation by the Federal Government
https://twitter.com/CryptoWhale/status/1429819156052983816
Anyone knows who made the allegations?
https://twitter.com/binance/status/1429848224215355394
SEC has now confirmed that #Binance is under investigation by the Federal Government
https://twitter.com/CryptoWhale/status/1429819156052983816
Anyone knows who made the allegations?
https://twitter.com/binance/status/1429848224215355394
Don't be a paranoid mate , Mt'gox case will never happen again in binance form, people now are much learned and will never let their Money died back again in one of the biggest scam happened in crypto world.
I trust binance and will use the exchange to the extent .
I trust binance and will use the exchange to the extent .
To date, I don't see any problems at Binance just because of the resignation of the CEO of Binance US. I've been using Binance for quite some time and so far the service hasn't been compromised. Even today, the price of BNB is able to break through $400 so I don't think there is a problem with Binance.
the price of BNB even broke $500 and i also didn't face any problems with their exchange, but you have to keep in mind that if there are lawsuits against Binance and they win, we could see it fall down, even though it seems that it can't happen, but maybe something like what happened to XRP happens to Binance, but the lawsuit against binance succeed, with XRP example only the news about the lawsuit made it crash, so imagine what could happen to Binance if a crazy lawsuit was against them, most likely won't happen but you have to at least consider the possibility. 
With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation. In this scenario, Binance could be overtaken by FTX for an exchange's reputation. I exclude the possibility of improvement of BSC
If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs. I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. LolSame story as always, Not your keys not your coins.
Not your key not your money but people still need exchange to trade, no way anyone will keep their assets in their wallet forever, besides this, there are many day traders around, how will they be able to trade if they have to move money around every minutes of their trading, if dex where so great to trade nobody will even take a look at the likes of binance or cex, however hard we try, exchange is very necessary and an important factor that can not do without.
Trying to look at with the volume or liquidity then theres no doubt that it do shows on how important it is here on this market and its undeniable and its expected that these platforms would really be
experiencing some squeeze up came from the government as they do gain more attention or popularity since they do know that it is dealing with crypto then expect that these kind of
treatment is somewhat kind an obvious stuff.
With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation. In this scenario, Binance could be overtaken by FTX for an exchange's reputation. I exclude the possibility of improvement of BSC
If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs. I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. LolSame story as always, Not your keys not your coins.
Not your key not your money but people still need exchange to trade, no way anyone will keep their assets in their wallet forever, besides this, there are many day traders around, how will they be able to trade if they have to move money around every minutes of their trading, if dex where so great to trade nobody will even take a look at the likes of binance or cex, however hard we try, exchange is very necessary and an important factor that can not do without.
A group of international traders filed a lawsuit against the Binance exchange.
Six traders from Ukraine, Australia, France and the United States plus whatever many that will follow.
To participate in a class action lawsuit, you need to apply on Liti Capital's official website, at Liticapital.com/binanceclaim/, fill out the form at Liticapital.com/binanceclaim/sign-up/ you will be contacted.
This thing is a disaster in the making.
Six traders from Ukraine, Australia, France and the United States plus whatever many that will follow.
To participate in a class action lawsuit, you need to apply on Liti Capital's official website, at Liticapital.com/binanceclaim/, fill out the form at Liticapital.com/binanceclaim/sign-up/ you will be contacted.
This thing is a disaster in the making.
With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation. In this scenario, Binance could be overtaken by FTX for an exchange's reputation. I exclude the possibility of improvement of BSC
If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs. I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. LolSame story as always, Not your keys not your coins.
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