Can binance also face problem of sufficient funds in future?

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Seo Captain said:
We already saw this problem with second biggest exchange. Can this be possible with binance also?
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Binance is the only exchange platform will survive but to be sure its better to keep your crypto in an offline wallet, if you re long term holder.
 
It is human. And people make mistake become greedy etc. So why bet on those. Put it on your own wallet.
What make crypto great is decentralization removing need of third party. and now you putting it on centralized exchange(3rd party) = removing it benefit .
 
HustleTong said:
Binance recently tweeted out their entire stablecoin reserve
I think it's the only exchange that will survive this bear market
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These "proof of reserves" means nothing. It's just eyewash transparency. They must include information of liabilities.

Assets - Liabilities = Owner Equity

They are showing you one piece of the equation which are assets but it's meaningless unless you see liabilities, in this case to know if they have positive or negative equity.

Large amount of assets really don't mean anything without the context.

This is just Basic Accounting. Don't let yourself be fooled.
 
Binance is a very big exchange now. They will remain stable in business for a long time. Don't put all your funds in Binance to be safe.
 
Feaboduc said:
Binance is a very big exchange now. They will remain stable in business for a long time. Don't put all your funds in Binance to be safe.
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One should not keep funds on exchange ever.
 
HustleTong said:
Binance recently tweeted out their entire stablecoin reserve
I think it's the only exchange that will survive this bear market
Click to expand...
It is better imagined than it happening...
The crypto space will be shaken to its core.
 
Binance is here to stay. They recently released verifiable data of their collateral and reserves... Seems they are navigating this storm with great success so far.
 
This could surely happen mate , the government is something to be worried of !
 
GNews said:
the founder is from China
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Binance was initially based in China, but later moved its headquarters out of China shortly before the Chinese government imposed regulations on cryptocurrency trading. Binance is registered in the Cayman Islands.
Binance's Changpeng Zhao is of Chinese origin.
When Changpeng Zhao was 12, he and his entire family left China, two months after the 1989 Tiananmen Square protests. He went to Canada and then soon acquired Canadian citizenship.
 
Finance have shared their current funds and that is because they have confidence on the way they run.
 
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