Topic: When Binance bans Americans - Will the low liquidity cause flash crashes? - page 2. (Read 373 times)
July 14, 2019, 05:48:29 PM
Will the US version of Binance require KYC? I think that will lower the volume for Binance.
July 14, 2019, 04:58:31 PM
Excluding US customers won't make those bitcoins disappear from the market. They will still be able to trade on other exchanges.
It will lower the volume but it shouldn't affect liquidity because as you know there are much smaller exchanges than binance that don't have liquidity problems.
If they open another platform for US customers it should be all the same even if they keep them separated. Orders work both ways. US customers are not only buying or only selling.
It will lower the volume but it shouldn't affect liquidity because as you know there are much smaller exchanges than binance that don't have liquidity problems.
If they open another platform for US customers it should be all the same even if they keep them separated. Orders work both ways. US customers are not only buying or only selling.
July 14, 2019, 03:40:15 PM
There will probably be some market losses due to the news, but it will come when binance actually shuts down to US customers, but as others have said, there will be a sep US site, which will wash out any losses in a week or two.
July 14, 2019, 03:36:43 PM
i dont think that the market will crash or something else. when the us get banned it doesnt mean they are going to stop trading, they can still trade on other platforms. i dont expect a big impact at all on the longterm.
July 14, 2019, 03:33:36 PM
Hey,
I trade solely at Binance.
It's a real PITA them banning the USA as most of the volume for Altcoins comes from the USA.
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
Also, any word on where all the Americans will go after Binance?
Haven't heard of a concrete replacement to fill the gap yet.
TG
I don't know why we would consider on having flash crashes due to low liquidity.I don't also believe that most altcoin comes from USA yet theres no such tracking that it is indeed mostly came from americans.As i read up theres a US-version of binance and it seem they don't really like for their users to leak out and finding some competitor alternative.US law are way too strict which i do read out prohibitions almost in all aspects. lol I trade solely at Binance.
It's a real PITA them banning the USA as most of the volume for Altcoins comes from the USA.
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
Also, any word on where all the Americans will go after Binance?
Haven't heard of a concrete replacement to fill the gap yet.
TG
July 14, 2019, 03:26:17 PM
The fact that some regulations have restricted US participation in altcoin doesn't mean the price will crash or dump. Definitely, trades in USA have a way of trading same with those in China sinits not a big deal nor a major cause of low price of altcoins
July 14, 2019, 03:05:10 PM
There will be US-only version of Binance, just like there is a binance site specifically for Jersey-ers.
That's what I've heard as well, though I'm wondering when they're going to roll it out. In any case, Binance is the only exchange I really care to use, so I'm sure I'll be happy with whatever they do as long as there's a decent selection of coins.It would be pretty strange to have US only trading pairs.
There may well be coins they're not allowed anywhere near because they're potential securities
It would be strange, but I'm not aware of what the US considers as securities as opposed to whatever they consider bitcoin. Can't say I'm up to speed on the law regarding such things. There may well be coins they're not allowed anywhere near because they're potential securities
July 14, 2019, 02:53:09 PM
Is it not likely that the US version of Binance will share the same order books? The reason it exists is to keep Americans on board. That relates to the portal they're permitted to enter, not where they end up. It would be pretty strange to have US only trading pairs.
There may well be coins they're not allowed anywhere near because they're potential securities and that's what you'll need to keep an eye on. I presume for the other stuff it'll be business as usual with a different login page.
There may well be coins they're not allowed anywhere near because they're potential securities and that's what you'll need to keep an eye on. I presume for the other stuff it'll be business as usual with a different login page.
July 14, 2019, 09:11:07 AM
The Binance US will have less cryptocurrencies to trade compared to the main Binance and that may cause a decrease in volume in altcoins. I don't know if the decrease will be considered as a flash crash. We will have to wait and see.
July 14, 2019, 08:40:05 AM
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
Can you expound why you think there will be a flash crash due to low liquidity? If anything, I think we will see a slight rise, as people would probably be exchanging all their coins for BTC to be able to withdraw them easily.Also, any word on where all the Americans will go after Binance?
Haven't heard of a concrete replacement to fill the gap yet.
There will be US-only version of Binance, just like there is a binance site specifically for Jersey-ers. Haven't heard of a concrete replacement to fill the gap yet.
July 14, 2019, 08:09:50 AM
Hey,
I trade solely at Binance.
It's a real PITA them banning the USA as most of the volume for Altcoins comes from the USA.
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
Also, any word on where all the Americans will go after Binance?
Haven't heard of a concrete replacement to fill the gap yet.
TG
I trade solely at Binance.
It's a real PITA them banning the USA as most of the volume for Altcoins comes from the USA.
So - my concern is that there will be major flash crashes in about 6 weeks time, due to the low-liquidity.
Also, any word on where all the Americans will go after Binance?
Haven't heard of a concrete replacement to fill the gap yet.
TG
Jump to: