What will happen to crypto if binance stops operating ?

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seomaster5

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There are news like various governments are asking it for customer details. Ot it can face losses because of less transactions from people. So, what do you think will happen to crypto if binance stops operating ?
 
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I think they will not stop there operation. Because they earn million of dollar from this site and they are number one exchanger in the world. If any reason they stop there services people will find new one. In crypto market many binance alternative is available and many more will come in future.
 
It will be a night mare for most of people , many people have their funds in binance .
Dont put all eggs in one basket , you should have funds in other exchanges or in your wallet which is highly recommended .
 
I don't think this is worth the discussion, I can't imagine Binance being banned or going bankrupt or simply ceasing to operate for whatever reason
 
Binance is the biggest crypto exchange in the world, ease it up with the fud.
When tether (bitfinex), an obviously fraudulent entity got sued by NYC, nothing happened
 
msaqib_301 said:
It will be a night mare for most of people , many people have their funds in binance .
Dont put all eggs in one basket , you should have funds in other exchanges or in your wallet which is highly recommended .
Click to expand...
You should never have the funds on exchange if it is big amount.
 
I think that it has so much of restriction and rules in government. It ruins the bitcoin.
That-why's so much dull and stops effective operating
 
seomaster5 said:
if binance stops operating
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Some new exchange will POP UP to replace it or an existing one will take it's place.

"Both Covid & Crypto are not going anywhere sooner or later. They have both made their mark and will stay for many coming years."
 
"Binance is too big to fall"
Sound a lot like what people said about Mt. Gox at the time.

All in all, I don't think Binance will shut down, but I won't keep my crypto there.
 
Nothing serious, market/users will adapt. I think it will be even better than now since more people will start using DEX.
 
people would be so scared trading crypto
 
Life will go on, people will adapt to whatever services are available post binance exit.
 
MKSKS said:
Some new exchange will POP UP to replace it or an existing one will take it's place.

"Both Covid & Crypto are not going anywhere sooner or later. They have both made their mark and will stay for many coming years."
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Covid is gone in my country. I hope crypto stays though.
 
You could use other exchanges from other jurisdiction. You might have to be creative though.....
 
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