the information you provided I see is very complete but you have to know that an exchange like Binance does have such potential, but hopefully it won't happen because I know the management at the exchange is very good and professional so hopefully Binance will still be a place best exchange.
binanc still be best exchanges today or in future, at this moment they have best security system and highest trading volume. there is no exchanges that have serives as best as binance have. even binance CEO want to step down from position if someday with strong regulation knowledge could replace him.
Topic: What will happen to Binance? - page 3. (Read 761 times)
We already have a lot of dex maybe this is a sign of big adoption of dex will happen???
I personally think that Binance will be able to overcome all of this, all that the country needs is fair regulation for both of them.
I personally think that Binance will be able to overcome all of this, all that the country needs is fair regulation for both of them.
I'm not seeing a Mt. Gox incident here, it's not comparable as we have a lot of exchanges already. And I doubt that Binance will suddenly disappear. What I don't like though is that they really gain a lot of power since their inception in 2017. And maybe that's what they are now in the hot seat with a lot of investigations from different crypto regulated bodies. But CZ is a businessman and probably just re-invent himself if the ecosystem if everything turns sour.
That is what it will save the market in the case binance goes down, back then the dominance of Mt Gox was monstrous with no exchange even coming close, so when it went down the crash that happened was massive.Right now even if binance is way bigger than Mt Gox ever was at the same time there are many exchanges out there that at least can compete with it so in the worst-case scenario the market should not crash as hard as it did back then, but obviously I expect those holding BNB to panic sell and lose a fortune in the process.
having other alterative in case Binance unable to win those cases, but for sure there are ways that CZ considering and eyeing to make sure that his business will continue.
A matter of legal consent and most of the time it takes more money and time to roll and it means that the business can still facilitate.
Worse case, Binance holders are the one that will collapse bringing this coin to uncertain place. But again, the market will continue
even the top exchange will take down after all those cases / regulations are unable to win in the legal way.
What do you mean under the word “collapse”? Being hacker or performes exit scam? I think after Mt.Gox, exchange can not simply disapper (I’m not speaking simple exchange, but about major exchange). People wont let this exit scam happen. They will find every responsible person and punish them. Binance will simply turn into fully centralized exchange and that is it.
If an exit scam or hack on exchange occurs, it is completely independent of us. Nothing will ever be too big to fail.
I don't think anything bad will happen to Binance, but it's always better to be careful and only keep the minimum amounts of money you only need to trade in the exchange.
What do you mean under the word “collapse”? Being hacker or performes exit scam? I think after Mt.Gox, exchange can not simply disapper (I’m not speaking simple exchange, but about major exchange). People wont let this exit scam happen. They will find every responsible person and punish them. Binance will simply turn into fully centralized exchange and that is it.
all these listed countries try to put a spoke in the wheel at binance for one reason only to be able to squeeze higher taxes, revenues from the exchange, fortunately the main legal office of binance is at the Cayman Islands, Mahé (Seychelles) so even if it should ( absurdly) losing some branches in Europe and around the world it could continue to operate safely on the market
This is just another conspiracy theory to me but take it however you want it. I'm not going to contest the registration or other stuffs that deals with legal papers since they surely have the best lawyers available at their disposal. Their shady activities in the past may be exposed later on but a rug pull is unlikely. Binance is also trying to move for mass adoption with their mainstream products such as cards and most likely making amends with regulators.
Binance is a big corporation. Their revenue from their service is quite high so they will settle things up. I think it's just those dumpers who want to create panic in the market and dump it so that they can buy cheap again. Their china fud didn't work well so now they trying to create a negative impact on binance because it has the largest trading volume in the market.
I'm not seeing a Mt. Gox incident here, it's not comparable as we have a lot of exchanges already. And I doubt that Binance will suddenly disappear. What I don't like though is that they really gain a lot of power since their inception in 2017. And maybe that's what they are now in the hot seat with a lot of investigations from different crypto regulated bodies. But CZ is a businessman and probably just re-invent himself if the ecosystem if everything turns sour.
That is what it will save the market in the case binance goes down, back then the dominance of Mt Gox was monstrous with no exchange even coming close, so when it went down the crash that happened was massive.Right now even if binance is way bigger than Mt Gox ever was at the same time there are many exchanges out there that at least can compete with it so in the worst-case scenario the market should not crash as hard as it did back then, but obviously I expect those holding BNB to panic sell and lose a fortune in the process.
The weird thing is, it is all about the legality of it and not something about being a scam website, that is the interesting part. Mt.gox 2.0 loading would mean that there needs to be a problem within binance itself, but I am reading stuff and it is mostly about not following the rules of a certain state, and how is that a problem for binance, it is obviously problem of a nation/city have with binance, those are very different things.
I would understand "I can't withdraw" as a huge deal but "ontario requires more laws to comply" is not something binance needs to care about. If they feel so strongly about it then Ontario crypto citizens should contact their representatives. Which is why there is absolutely nothing that we should be worried about regarding Binance, they are doing fine and they will keep doing fine for a very long time as well.
I would understand "I can't withdraw" as a huge deal but "ontario requires more laws to comply" is not something binance needs to care about. If they feel so strongly about it then Ontario crypto citizens should contact their representatives. Which is why there is absolutely nothing that we should be worried about regarding Binance, they are doing fine and they will keep doing fine for a very long time as well.
but hopefully it won't happen because I know the management at the exchange is very good and professional so hopefully Binance will still be a place best exchange.
The management of the exchange site to the customer doesn't matter a lot when it comes to the regulation. The government wanna try to prevent bitcoin to expand its service due to the various reasons. In my opinion and it's not clear whether binance has been making a deal with all of them or not to get the license.
that's why there are bunch bad news came
Although I hate Binance for KYC, they did a good job in keeping up the volume of the exchange we've all made money through this exchange at some point. They were hacked once which they've also spent their own money to give back what is lost to the clients affected.
They only KYC the large investors don't they? I know a lot of people using it for years now without ever having to pass any kind of KYC procedure, nothing. I thought that that is a question of the limits you are willing to trade in a certain time interval. Anyway, they always provided a good and reliable service, essentially no downtime and very quick matching engine with no slippage. Some exchanges are so brutally slow even when you just open the website.
It seems most have not watched opening video. A homeless exchange can't function. Clock is ticking.....
Someone apparently bothers binance, so they want to hit the reputation of the exchange, I'm sure that sooner or later CZ will solve all the issues with regulation, for this he has everything.
What I really think about this is basically what the general public, the big corporations, and the financial sector thinks about Bitcoin and cryptocurrency in general - with utmost disgust and hatred for a technology that is alien to them and what they perceive as a big competitor to the financial sector. I think this is not just for Binance, but for any big company that handles cryptocurrency and that is poised to be a threat to the fiat cartel. Binance will be able to make it through. No doomsday prophet will force millions to suddenly switch from Binance to another exchange.
I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
All of problems must be solved. It can't be avoided. Binance will never face this problem if it's being compliants with all of the regulations on the countries that already used to expand its service. This is the main problem. Binance just like a threat for the regulators if it's didn't wanna get licensed. BTW CZ was looking for someone that expert in the regulatory compliant.
Regardless of how various countries monitor him or warn him, I think Binance is currently at its peak.
I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
Here we go again , why people here could not stand not making any conspiracy over other site that making success?
OP you are bright enough to understand that you are only making issue here right\?
Mt.gox is a dead case and surely will never happen again.
OP you are bright enough to understand that you are only making issue here right\?
Regardless of how various countries monitor him or warn him, I think Binance is currently at its peak.
I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
and also binance won't spend their popularity and bagging money in just ruining whay they have stablished for years.I firmly believe that what ultimately hinders Binance should be the demise of centralized products.
Mt.gox is a dead case and surely will never happen again.
All this clearly does not benefit binance but i think all this happens due to the fact that they are large enough and governments are simply beginning to be afraid of them. I think everything will be fine when the regulatory framework is formed because binance is ready to work with government agencies. At least in my country this is happening now.
I can’t tell what will happen to Binance in future, but I’ve also been seeing a lot of these news about it, though some of them were due to some of those countries banning cryptocurrencies or something like that, like in the case of UK and Nigeria, so the company had to discontinue their services there. Then other news about them, like the one of data distribution in Russia, etc. That’s a totally different case and I hope that they really get to settle it. Some of these countries has already started banning them.
Although in some areas where they were banned they have continued to function there as a P2P exchange, so they are not like fully out from those places.
Although in some areas where they were banned they have continued to function there as a P2P exchange, so they are not like fully out from those places.
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