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Topic: Who Will buy Binance? 🤔 - page 2. (Read 368 times)

sr. member
Activity: 1554
Merit: 413
November 09, 2022, 06:06:06 PM
#26
It's just one of those things where you sit back and watch as things unfolds. There are many companies or people that are more than capable of buying the exchange. I wouldn't be surprised if some banks or Governments make an offer someday.
Can you imagine what the offer will be like in trillionons of dollars for CZ to think of selling Binance when he doesn't want to. The chances of CZ selling Binance are very rare as it stands now. He's even considering buying a bank to add to his existing investment
It's tough to think that Binance will be forced to sell but we never know what's going to happen next. Did you ever thought that FTX will go down like this? I didn't expect them to make poor business decisions by putting the company's money on illiquid investments. One wrong move by CZ and his empire would crash as well. Not to mention the possible regulatory pressure that would leave him no choice but to let go of Binance.
legendary
Activity: 1820
Merit: 1485
November 09, 2022, 11:41:06 AM
#25
Who will buy Binance 🤔  if they go to dust 😔?

It is hard to say. But I reckon there will be a few more exchanges to go before that happens. Binance has been immensely popular. It grew fast, basically when there were few other options. However, even though Binance is an important company in the crypto space, it is far from irreplaceable.

Who will buy Binance? Probably someone with a lot of money. Perhaps Musk?



Hahahha but Mr. Musk just buy the twitter it not gonna buy Binance at short term. Cheesy

Binance for now is very strict with their system maybe because there is some CeX collapse like MtGox can be examples that why their always using SAFU and Proof of asset as their shield to guard their customer
Binance is one of the largest cryptocurrency exchanges in the crypto arena, I don't have the slightest expectation that this platform can go bankrupt one day, because the platform team has a systematic vision and already have strategies, funds stored, and great partnerships that can help in emergency situations, but if Binance goes bankrupt this There is no doubt that a disaster will happen in the crypto space, and no one will buy Binance except Musk, as he is the richest man on the planet interested in crypto, so this will be one of the biggest deals after Twitter.
copper member
Activity: 2128
Merit: 979
Part of AOBT - English Translator to Indonesia
November 09, 2022, 09:46:12 AM
#24
Who will buy Binance 🤔  if they go to dust 😔?

It is hard to say. But I reckon there will be a few more exchanges to go before that happens. Binance has been immensely popular. It grew fast, basically when there were few other options. However, even though Binance is an important company in the crypto space, it is far from irreplaceable.

Who will buy Binance? Probably someone with a lot of money. Perhaps Musk?



Hahahha but Mr. Musk just buy the twitter it not gonna buy Binance at short term. Cheesy

Binance for now is very strict with their system maybe because there is some CeX collapse like MtGox can be examples that why their always using SAFU and Proof of asset as their shield to guard their customer
newbie
Activity: 97
Merit: 0
November 09, 2022, 09:36:41 AM
#23
Binance has been a great platform for trading and other cryptocurrencies related activities, the capitalization and worth of the exchange has grown over the years and as it stands, binance is the largest cryptocurrency exchange in the world. The founder has invested substantially in several cryptocurrency platforms and this has made the exchange gained momentum and recognition in the cryptosphere. In a circumstance where there is need for change in ownership, different players may need to pull resources together as binance is a very large platform.
hero member
Activity: 2912
Merit: 642
November 09, 2022, 09:06:40 AM
#22
The platform is built, their system is okay, the support is always ready. I think there will always be a buyer for such good businesses.
It doesn't need to be one human being like Elon Musk. It could be a group of whales or those who really invest in this kind of things.
Let's just take CZ as an example of trying to buy FTX, is it really just him and his company or are there other stems connected to groups of people who would buy a share? The circle of rich people is broad.
hero member
Activity: 3038
Merit: 628
Vave.com - Crypto Casino
November 09, 2022, 08:56:35 AM
#21
Elon is the first one that I have thought of. But if this is going to be the new trend in the competition of exchange then I'd be scared to see a monopoly on it.
Since CZ started it out, it's possible that the other bigger enterprises and exchanges would do the same thing in terms of business availability and expansion.
full member
Activity: 2086
Merit: 193
November 09, 2022, 08:52:19 AM
#20
Who will buy Binance 🤔  if they go to dust 😔?
Watch out for Elon, he can afford Binance and probably he will save that biggest crypto exchange and dominate the whole market again.
Binance is pretty solid though, they have back up plans and their SAFU are still intact, Binance going into dust is like having a whole bad faith against cryptocurrency. Binance will grow more as they continue to innovate and with the plan to buy FTX, probably the share of Binance in the market will grow more.
sr. member
Activity: 812
Merit: 349
November 09, 2022, 08:36:27 AM
#19
Who will buy Binance 🤔  if they go to dust 😔?
What can make Binance exchange go to the dust? Is it hacking or CZ lost control over it? Nobody has the answer up till it happens. The
certainty of binance exchange been sold to anyone is not far from happening soon
It's just one of those things where you sit back and watch as things unfolds. There are many companies or people that are more than capable of buying the exchange. I wouldn't be surprised if some banks or Governments make an offer someday.
Can you imagine what the offer will be like in trillionons of dollars for CZ to think of selling Binance when he doesn't want to. The chances of CZ selling Binance are very rare as it stands now. He's even considering buying a bank to add to his existing investment
legendary
Activity: 3080
Merit: 1353
November 09, 2022, 07:51:07 AM
#18
Not sure who is going to buy Binance, but you have to think about it, will they go insolvent? I mean they are the biggest exchange right now and there are a lot of investment that CZ does, so I doubt that it will go bust in the future.

Just look at what they did, they just buy out FTX, their competitor. And besides, CZ seems to be a good businessman as well. So no doubt that he will do everything in his power to let his Binance and BNB afloat and on top of the food chain in this crypto market.
hero member
Activity: 1064
Merit: 639
November 09, 2022, 07:42:38 AM
#17
Who will buy Binance 🤔  if they go to dust 😔?
It could be elon musk who will buy binance!



You are all making it look like CZ did a very wrongful thing, can anyone tell us a better solution than what CZ did?
If he was really concerned about his loss, he should have accepted Almeda research's offer when they were willing to buyback at $22 in OTC market. But he refused it. You know why? the real purpose was not to save from loss but to kill the competitor.
hero member
Activity: 2184
Merit: 585
You own the pen
November 09, 2022, 05:30:32 AM
#16
It's just one of those things where you sit back and watch as things unfolds. There are many companies or people that are more than capable of buying the exchange. I wouldn't be surprised if some banks or Governments make an offer someday.

Yeah! just like our local exchange where they managed to successfully sell it to a new owner but I don't like their way of managing the exchange right now it is as if they were some strict Bank where they just simply easily terminate their user without any warning. This is the problem with the new owner and I hope that Binance won't be like that if ever they gonna sold their company because it is really hard to look for another convenience exchange especially when you reside in a place where everything has always a restriction.
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
November 09, 2022, 05:09:40 AM
#15
Luna goes bust
>3AC goes bust
>Voyager and friends go bust
>FTX buys it
>FTX goes bust
>Binance buys it


Who will buy Binance 🤔  if they go to dust 😔?

The owner of binance has developed a very profitable and effective business model that can last for many, many years, you know that the owner of binance also owns several things, I will mention just one of these several things, example:

https://coinmarketcap.com

He also has his excellent altcoin which is BNB

so he will not sell his exchange knowing that this cryptocurrency market is still a new market that is not 20 years old, it still has great potential to grow and even when governments start to create laws on exchanges and the cryptocurrency market the binance owner will not need to sell binance because he has money and can pay lawyers and comply with laws.

Now about the exchanges that were a franc, the reason is quite simple:

create things based on copying other people's ideas, they don't have the determination and willingness to work to make the things they created a success
sr. member
Activity: 938
Merit: 275
November 09, 2022, 04:51:29 AM
#14
>FTX goes bust
>Binance buys it
The recent bit if funny thou. How shall we now refer to the once popular Blockfolio app? Will it now be Binance (formerly FTX(formerly Blockfolio app))?  Cheesy

Who will buy Binance 🤔  if they go to dust 😔?
What comes around goes around. Time will prove us right here, or wrong. Things change so quickly in crypto. Look how fast FTX sunk.
You are all making it look like CZ did a very wrongful thing, can anyone tell us a better solution than what CZ did? I think we got saved by this wise man, if CZ doesn't come up with this plan things will get more ugly for the whole crypto space.

If you don't know what FTX did maybe the picture below might help a bit, I believe that the blow would have been 3x of what happened to Luna.

hero member
Activity: 896
Merit: 612
November 09, 2022, 03:41:21 AM
#13
Who will buy Binance 🤔  if they go to dust 😔?
Many will have a lot of interest to buy binance if ever they did go down. I must thinking Elon could be the qualified and who has capability to acquire Binance. But its not a question of who cause theres a lot out there can purchase it. But the question of how, cause its quite impossible for Binance to go down yet and not in this time of bear.
That's the point. Will they ever go insolvent that would push Chang to sell? At present, they are the world's largest crypto currency exchange and according to market cap, is valued at $19,014,856,231 and it's still looking to go up.

 FTX couldn't stand the storm and cannot be compared with binance and this action by Chang Zhao just reminds me of how operations are done on the food chain. The weak ones get eaten up by the stronger ones. Grin
legendary
Activity: 2100
Merit: 1321
Fully Regulated Crypto Casino
November 09, 2022, 01:55:03 AM
#12
Who will buy Binance 🤔  if they go to dust 😔?
Many will have a lot of interest to buy binance if ever they did go down. I must thinking Elon could be the qualified and who has capability to acquire Binance. But its not a question of who cause theres a lot out there can purchase it. But the question of how, cause its quite impossible for Binance to go down yet and not in this time of bear.
hero member
Activity: 3038
Merit: 617
November 09, 2022, 01:24:06 AM
#11

FED who else has the power to print a lot of money but the FED. Even if binance will be worth 500T,  the FED will have no problem buying it if it even happens that it needs bailing out.

But I doubt Binance will go belly up, no one kills the one that manipulates the market. The government of China is probably watching Binance all the time waiting, grabbing the data coming from Binance is an asset for any government.
legendary
Activity: 2954
Merit: 1159
November 09, 2022, 01:04:22 AM
#10
Luna goes bust
>3AC goes bust
>Voyager and friends go bust
>FTX buys it
>FTX goes bust
>Binance buys it


Who will buy Binance 🤔  if they go to dust 😔?

No one will buy Binance but it will be done and dusted when we see the rise of the decentralized exchanges, to be very true, I am feeling afraid of these centralized exchanges. What just happened with FTX, we cannot trust any exchange. I only hope that FTX opens with withdrawals soon FTX Scam : Unable to withdraw.

Also if binance buys FTX, don't you think Binance has become too big for the industry? You will feel scared if you see the magnitude of binance and their impact on the crypto world.

Please don't make binance too big that it becomes a threat to the crypto world.
sr. member
Activity: 840
Merit: 292
November 09, 2022, 12:20:33 AM
#9
Luna goes bust
>3AC goes bust
>Voyager and friends go bust
>FTX buys it
>FTX goes bust
>Binance buys it


Who will buy Binance 🤔  if they go to dust 😔?

 - What do you mean by this dude? Do you think the Binance owner will sell his exchange that is among the top 5 in the cryptocurrency industry? If I'm the owner of Binance exchange, it's not stupid for me to do that, sorry for the term.

Think of the millions of dollars that are being given to me every day and then I will think of selling it, if you think of it as common sense you will not do that. Also, just think how many times the hackers entered the Binance exchange, all of that was passed and it was recovered.
hero member
Activity: 2702
Merit: 704
Bitcoin is GOD
November 08, 2022, 10:59:31 PM
#8
No one will buy Binance since there's will be a top 2-5 centralized exchange that people can still use, so they're doesn't must need to use Binance in order to trade their coins. When Binance will bankrupt or get hacked, most people will withdraw their money to avoid losses and the rest can't withdraw their money since Binance block it. This will make most investors on Binance is losing confidence and they will hate Binance.

Anyway, if Binance is collapsed, it's not the end of cryptocurrency, because centralized exchange is very vulnerable and has low security.
Without a doubt this market can survive without binance, however if it collapsed the effects on the market will be massive and the problems this will bring to investors will be huge.

After all if there was no individual or company interested in buying it then it will face bankruptcy and then the people which were unable to get their funds out of the exchange will have to wait for years to get a part of their funds back, so I hope they are as solid as they claim to be as the market is already very weak thanks to the collapses of Luna and FTT.
legendary
Activity: 1708
Merit: 1187
DGbet.fun - Crypto Sportsbook
November 08, 2022, 09:07:23 PM
#7
No one will buy Binance since there's will be a top 2-5 centralized exchange that people can still use, so they're doesn't must need to use Binance in order to trade their coins. When Binance will bankrupt or get hacked, most people will withdraw their money to avoid losses and the rest can't withdraw their money since Binance block it. This will make most investors on Binance is losing confidence and they will hate Binance.

Anyway, if Binance is collapsed, it's not the end of cryptocurrency, because centralized exchange is very vulnerable and has low security.
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