Binance is failing ?

Arminio marketing

Arminio marketing

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Hello mates
i don't know who pay attentions
but the BNB coin it's dropping and They will probably fail since they owe a lot of money
i have all ready transfer my money to a different wallet
who thinks the same as me ?
 
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time will tell, don’t get tricked. Sometimes the answer is the opposite of what you think.
 
I dont think they're likely to fail. However, there is enough bad news circling around them that I wouldn't want to keep too much with them.
 
I don't think so. Binance is too huge to fall.
 
They’re too big to fall. They might get a drop but I don’t think that will go all the way down.
 
StarTime said:
Time will show, but I think everything will be fine. Binance is a very large company. I think they'll figure it out
Click to expand...
I mean... people said that about FTX and SBF before things went South.
 
Feels like FTX, just check if they're laundering money for the government like FTX did, and you'll know if you should trust it.
 
Arminio marketing said:
Hello mates
i don't know who pay attentions
but the BNB coin it's dropping and They will probably fail since they owe a lot of money
i have all ready transfer my money to a different wallet
who thinks the same as me ?
Click to expand...
It will be a disaster if it fails and that will hurt the crypto industry, cause no one will feel safe again.
 
The truth is that yes, in several countries it is having problems and it is no longer so feasible.
 
Well, if major banks can fail..

Then what's to stop a crypto exchange from falling in exactly the same way.

Don't forget, Binance and the whole crypto industry has close ties with regulators these days.

One decision against favor of crypto, and ordinary investors will be victims of the system again...
 
It's market share has been steadily going down along other CEXs, so the longer it 'survives', the smaller the impact it will be if, god forbid, it did fail eventually.

However, the fine will most likely will be split for many months/years so they will be able to afford it with no issues.
 
Binance and the BNB Chain Token are not as strongly connected as everyone thinks. Among hundreds of exchanges, Binance is still number 1 in terms of trading volume. Places 2 and 3 don't even have as much volume as Binance.
 
Arminio marketing said:
Hello mates
i don't know who pay attentions
but the BNB coin it's dropping and They will probably fail since they owe a lot of money
i have all ready transfer my money to a different wallet
who thinks the same as me ?
Click to expand...
Either way transferring your coins to your own hot/cold wallet is always a better idea than holding it on an exchange. I hardly doubt Binance will go bankrupt though, the fine they’re supposed to pay will likely be paid in increments and they’ll manage it just fine.
 
Binance will stay up and strong. They are the most trusted cryptocurrency exchange in the market.
 
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