- Nov 16, 2011
- 19,827
- 11,290
Telling or asking?
How will your crypto journey get affected if binance gets shut down?
- Thread starter awesomewebsites
- Start date
- Nov 16, 2011
- 19,827
- 11,290
Why don't you cash out by sending on your country local exchange?
Ronin74
Registered Member
- Nov 1, 2022
- 50
- 9
Since binance is holding like 20% of crypto mcap, and is probably invloved in 50% of all projects and protocols that is not rugging after a month,
if binance goes down, the mcap itself will at least get slashed in half.
Then, all the supported binance projects (like, all the coins they offer earn products, farming and yields at) will probably loose their value totally.
Then, youll need to look at how big impact the BSC chain have in DeFi, cuz the aboce is CeFi only.
To say it short... Today, Binance IS crypto.
They are pretty much having a standoff with blackrock at the moment.
And.. im not sure binance will come out of it without wounds.
citadel7
Newbie
- Jan 16, 2023
- 23
- 18
Picture this: in the ever-evolving realm of cryptocurrencies, there's this 'what if' scenario that's worth pondering. What if, out of the blue, regulators make a major move and Binance finds itself in the crosshairs?
- Mar 22, 2013
- 9,158
- 10,492
Personally, maybe 5% at most.
But the crypto market in general will take a such a beating, oh...
But the crypto market in general will take a such a beating, oh...
- Jan 13, 2023
- 362
- 35
It can't happen anytime soon, but the cryptocurrency market will be negatively affected if it happens.
Rocket Digital
Banned-Spam
- Sep 17, 2023
- 71
- 11
If this is really the case, there is nothing to fear.
Thank u bud.
- Aug 29, 2023
- 263
- 193
I'd jump off from a building
- Jan 22, 2008
- 5,807
- 8,176
I keep on physical wallets. Learned too much in all these years to keep it on 3rd party services.
Please note, probably Bitcoin would be not such affected. Maybe 50% crash and after few months come back.
Bitcoin is not the same as all these crypto s.hit projects. It's independent to exchanges, even such big like Binance.
Also incoming ETFs will secure the currency stability. Blackrock ETF can change a lot.
Please note, probably Bitcoin would be not such affected. Maybe 50% crash and after few months come back.
Bitcoin is not the same as all these crypto s.hit projects. It's independent to exchanges, even such big like Binance.
Also incoming ETFs will secure the currency stability. Blackrock ETF can change a lot.
SonofOlympus
Registered Member
- Aug 26, 2023
- 99
- 27
It will affect the general market because it will be like FTX all over again but it won't be affecting me personally since I mostly use Bitget to keep my funds and trade.
