Bitcoin Forum

Binance has grown into a force to reckon with since its establishment in 2017. In just 4 years since inception, Binance dominates the crypto market being the largest cryptocurrency exchange in the world. Its most successful venture has been the launch of a public smart contract platform dubbed "Binance Smart Chain". The native cryptocurrency "BNB" went from being worth cents to hundreds of dollars (USD) in just a few years since inception.

It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.

What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance. :)

Nothing is insusceptible particularly in crypto where just one bad news can destroy anything no matter how strong it is.
Binance has grown into a big crypto business but to say it can't fail, is too much.
Although I wish it never fails but it is not that it can not fail.

No entity is too big to fail in this space. Crypto is not regulated therefore even if the whole crypto ecosystem goes poof, no authority will lift a finger. Nobody will bail you out neither. mtGox used to be very big too and it went down anyway. This is what makes crypto so risky and so profitable at the same time. Without any risk of losing money, you get 1% annual interest from a bank (if you are lucky)

This post sound awkward to me, why are you interested to see binance fail, if anything the crypto community should be supportive to help all this exchange be a better place to trade, nothing is too big to fail but sincerely hope nothing like that will happen to binance,  you may not know it but the millions of people from all over the world that binance can access will be gravelly affected,  I hope this won't happen.

Too big to fail usually implies that it will cost the taxpayer a huge amount not to underwrite any losses (aka banks going bust) because they are so integral to most peoples way of life. For instance during the 2008 crash it made more sense to pump some money into one or two banks at the start, with reasonably punitive repayment rates, because they would have caused a domino affect through the whole monetary system of the US. Unlike what some people may wish, I don't think cryptocurrency is at the point where it will cause systemic damage if people started cashing out tomorrow. Yes it might cause a brief panic and many people would lose a lot of money, but the rest of the economic system can continue regardless. There will be some people who took loans to cover assets worth much less, but that should be a small percentage because loan providers generally would not give money for this sort of speculation.

As for Binance having too much influence over the blockchain, I don't think that is true as most of the transaction activity is handled courtesy of Chinese devices. It also has large competitors (Coinbase/Localbitcoins) and a relatively low barrier of entry (mainly security related). It allows trading of some coins that otherwise would not have a market, it was only a few months ago that the Dogecoin craze took off and not many large scale providers were able to support it - Binance did and we should be grateful.

Binance is too big to fail dude. You must see that so much daily trade volume gets centralized on binance and that means binance has unlimited funds to develop more and more products.
The daily average transaction on BSC is already surpassing ethereum and that means there are more active users on BSC rather than ethereum. It will affect crypto positively in the long term.
Binance is doing so many expansion to the various countries.

I won't say binance is too big to fail. But am sure with you know or see the the high volume of trade carried out with binance on daily basis.

With the look of binance you can't bring failure to the team, their success is just unbeatable. Binance is the best exchange out there no other exchange can be compared.
My love for binance is just too much not to talk of Binance smart chain (BSC).
Binance can't fail.

I understand your concern, that this could be a bad thing for the crypto market in the future because if Binance has a fate like MTGox or other major exchanges that also eventually collapse then there will be panic in the crypto market. That is why we have to understand the huge risk in crypto. Currently, Binance is very powerful and their presence everywhere continues to influence the crypto space and no one can deny this, but as long as they do the right things we can trust to still transact there, with our own risk.

They got bigger because they seem to be trusted and users are recommending them.
They also own BNB and have the biggest volume on their exchange, they should be big. But over time when IRS is going to keep watching them, traders may just stay away from them and go to DEXand we have seen this already this year which Uniswap and other ETH DEX are getting billions of trading volume already.
Nothing is too big when it can hurt traders especially now that governments are considering their own CBDC to watch out for everyone's finance activity.

BNB is promoted it from just being a exchange token to a coin which gives a solution to the current existing platforms like ethereum so yes they are too big now to fall from the place but how long these projects using BSC will alive? With the initial hype there are many project provided yields to the investors but in long run the hype will disappear and the only project with real potential will grow.

So BNB will be just the token of their exchange forever, once Binance fall then everything will fall.

Binance has made itself an icon in the cryptocurrency industry with her impact in virtually every sector of the industry. The truth is that it would be difficult for binance to fail. Not too long ago, we heard of the hack of the exchange which lead to the loss of thousands of Bitcoin. Issues like this has crippled a huge number of exchange, but binance is still standing stronger than ever.

Exchanges are under government regulations and restrictions the only way they can fail is they break rules and mismanagement, so far they are doing great, they are the industry leaders and if they will satisfy both the regulators and their users, they will continue to enjoy the support of the industry, they can fail if they do not handle their leadership well.

Binance has a smart brain behind it, Changpeng Zao. They joined the cryptocurrency marketplace when big exchanges have troubles with the boom of crypto market and huge new crypto users. Those old and reputable exchanges like Poloniex and Bittrex got troubles to scale up their servers and KYC implementation. Binance took it and grew up in a few months.

But as you noted, Binance is creative and they are the first exchange to launch their own token (BNB) and they created more creative promotions with BNB. Binance Smart Chain is the first chain owns by one exchange.

They will not fail but it is not because they are too big. It is because they are creative and like a smart time traveller. Other exchanges follow what Binance did so they can not beat Binance.

They will not fall down if the cryptocurrency marketplace won't have other creative exchanges.

No company is too big not to fail, they are under government regulation and traders are trusting them because they are giving them something worthwhile more than the other exchanges can give, there's a possibility that a new exchange will come that is much better than Binance, so far they are beating the competition, but competitors will soon catch up, the industry is a multi billion-dollar industry and every exchange are trying to improve.

I don't think that Binance has become too powerful/influence in the market.

Yes, they are big, but just like the rest, they are just one part of the big equation, it is just a ripple in the big sea. And if they fall, I don't think that we will be affected drastically, there are still a lot of exchanges out there that can take what they have left. There are rumors that they are under heavy scrutiny in the US side, so worse is, they may have to tighten their binance.us and face US regulations.

the development of binance looks quite fast. but it's all because of the performance of their own developers who continue to innovate seeing the potential trends that are being needed by the market.
like IEO and BSC, they exist as a solution to what the market is expecting. of course with high community support that makes Binance continues to be very popular even as it dominates the development of the blockchain and crypto market.
it may hurt the crypto market and the development of blockchain in the future when dominance continues to be held by one platform. but for now, we're enjoying it all and I think everyone is realizing the dominance that binance is doing.

I thought so of that too, why the OP is wondering about the failure of an exchange. I mean there's Mt. Gox for one but that is a whole different story. Binance might have a very good security that would prevent the site being hacked so there's that. Now the only thing that the OP is suggesting, albeit discreetly is the possibility that the Binance exchange might be a possible Bitconnect scam all over again. Wait for it to go big, then there would be a hacking incident where all coins were stolen. I don't know, that is how I feel it.

Binance is striving because it has been improvising. If you cannot improvising or adapt in this sector then you will fail. I do not think it will fail in the future because it has a leader who has been taking a calculative risk. I agree that it is centralized but at the same time, it is transparent too. DEX like uniswap has now become its biggest competitor and only the future will tell what it does next?

I agree there will be disruption if an exchange as big as Binance fail, the majority of investors and traders have an account here the market could suffer a dip, but Binance is not too big to fail if they will not follow the regulators and there are too many complaints, there's a possibility that they will fail and that will be an opportunity for other exchanges to take over.

There is always saying:"decline right after flourish". This also exists in the crypto market, for example, K line does also exist as a parabola.
Anyway, if Binance have already reached its peak, then it will fall naturally, it is just a simple phenomenon.

I do try to think exactly how the fall will happen. I mean you mentioned that it will fall naturally, which for me means it will die a natural death not caused by anything like humans for example. All I can think of when it comes to natural death is the loss of a customer base. When there's less and less people coming to the exchange then there are no fees to earn thus no profits that would help maintain the website. In the long run either they buy other exchanges and integrate theirs to them, or perhaps do other things that would ensure the survival of their exchange.

they can fall but its not easy because they are big  . we have exchange before that got rekt but i guess its because they are not trying their best to come up with a
something new like binance are doing  .
binance identify the problem in crypto and make a solution .
binance is just an exchange and even if they are centralized , they cannot turn decentralize crypto as centralized and theres still many decentralize exchange out there that is functional . no worries .

Until now, I only used the binance exchange. But I did some research and I heard that the binance exchange sometimes breaks down with large purchases and sales. A similar situation happened in the crash on May 19. This is why the binance is slowly losing power.

There are no "too big" to fail because if the time comes for Binance to fail, it will go down and will fail to be the bigger exchange. Binance gets support from the trader who still uses it for the exchange and traded so many coins on that exchange. But if there is a new or old exchange that can do better than Binance, maybe slowly Binance will lose its reputations and their member will move their funds from Binance to the other exchanges.

I think you remember the time before Binance become bigger, many traders use Poloniex and Bittrex to trade. The problem that makes traders moves their funds from Binance is about KYC verification in Poloniex and Bittrex, and that makes big transfer funds from those exchange, Poloniex and Bittrex, to Binance.

Maybe those cycle will repeat by themselves in the future, but now, Binance still is the top exchanges that many traders still use.

Every exchanges have experience such downtime, and I’m telling you no exchange so far that can compete on what Binance did, they simply great as of the moment but still its vulnerable to such problems. I love Binance on how they handle Hacking incidents and because of their SAFU program, their reputation is still intact. Binance is great but far from being perfect, we can expect a pump and dump as well on their platform, but the good thing is they handle every problem very well.

I don't think Binance is something too big to fail. To name an exchange can replace Binance, I believe it's FTX. Sam Bankman-Fried - the founder of FTX is following CZ's path by creating his own universe: FTT token, Solana blockchain, DEX, lending platforms... But considering what CZ's doing, I don't think he will fail. He's a wise man, has good vision and he sees things from investors' stand point.

Not only binance that gets high blockchain traffic, but there is also some other big exchange that experiences it like WazirX, Coinbase, and other crypto exchange. I don't think they can prevent it, but it's sucks when you lose money because of the outage of the exchange site. I've been using Binance since 2017 and haven't got any problem yet. For me, It is still the best crypto exchange right now.

The chance of failure on Binance is very small compared to the large trading volume that is centered on it, the number of trades currently running on Binance has surpassed Ethereum, meaning there are so many people who are actively trading in the Binance market, this is a positive point that supports Binance to keep growing and minimizes the likelihood of failure.

Everything in the crypto market does have the possibility of failure but if you say binance will fail, it sounds more like a joke, I agree with you, Binance has now grown into one of the most popular altcoins even binance trading activities are able to surpass ETH for At this point in time, this fact is enough for me to dismiss the notion that Binance will fail.

Binance is one of the strongest exchanges and maybe even the best now I think. But I can't say that it is invincible of course. There is always a possibility for failing also but it is a very low chance when it comes to the biggest exchanges in the industry.

Binance is big but there is no one entity in this world is too big to failed. There are still possibilities binance will fail. But if binance failed i can not imagine how the matket willcrash, it will hurt whole crypto currencies market. Thats why we need to make another binance so there is no one big player and the impact to market is not big if something wrong happen.

It really isn't.  I think binance has actually had a lot of federal investigations related to surplus pools and financial disclosures.  However, they didn't have a problem, expanding binanceus just met the specific countermeasures they needed to make to ensure fairness.  The binance issue will be strongly related to the BSC launcher, but several security-related incidents from BSC have held back their macro growth for this year.  However, I still predict Binance will remain an ancient tree going forward for crypto legacy.

When people use the expression too big to fail they are referring to institutions that in the case they failed it will cause chaos on the markets and governments rescue them in order to avoid this fate.

Binance fulfills the first part of the definition as it is the biggest exchange and it is the owner of one of the most powerful coins in the market as well, but it does not fit the second part of the definition, no government will ever save binance and if anything they will do what they can to see it crash and generate enough panic to make this market crash even further.

Anything can happen in any moment. We do not forget that, in our world, nothing is permanent. Anything can fall, disappear, fail, or get destroyed at any time. Prior to Binance, there were several prominent exchanges in this arena but one small vulnerability might have caused the loss of those positions. Hence, do not rely on one particular currency, exchange or person. Don't keep all of your eggs in one basket.

Binance is not to big to fail, Infact, no company is too big to fail as long as crypto is concerned, even in the outside world, I still don't think any company exists thats too big to fail, a simple or small wrong move can cause disastrous damages to the company, but speaking of binance, binance already have too much power in the crypto space if am asked, and sorry to say this but if binance fails, it will sure affect the entire crypto market in the worst way, but the thing is that the market will aways recover later, but then, the fact is binance will affect the market much more than we all can ever imagine, I hope in the future, more great decentralized or maybe centralized exchanges spring up that will take some power aways from binance and the likes so no exchange has the power to affect the market if the said exchange goes down.

I agree with you that every company can fail and go bankrupt but generally people go for safest option. Binance is the best in that regard in crypto space and I hope too there will be some other big exchanges like that in future.

Well if they don't screw it up legally in the most important jurisdictions / markets I don't see them slowing down anytime soon. They have established subsidiaries all over the world, which is quite smart as any country causing them trouble could also lose them as a major player in their industry. Binance established a smart network that makes them highly agile should they get in trouble in one place, they'll just go elsewhere.

Nothing stays up forever. There are times and seasons for everything. It will take just two major hacks or an incident of the arrest of CZ Binance by SEC or his death or rumour of corruption among the top echelon of Binance staff to possibly rattle Binance. What I'm trying to say is that no exchange is infallible, Binance inclusive. Before 2017, there were strong and robust exchanges like Bittrex, Poloniex, Yobit and Coinexchange. Today, those exchanges aren't reckoned with. In fact, Coinexchange has shut down. So, Binance isn't that too big not to crumble. Though I don't wish bad for it to happen. If it happens, the world world come to an end because of that. Another alternative will spring up.

I 100% agree, but I think that is because they do not bribe the right people. Look at banks, they suck and they do their job horribly and they are rarely ever successful in the long term so they always bankrupt and get saved, without any help from governments all banks would be bankrupt in 20 years, we would have zero banks left, because they do their job horribly.

However they get saved and given bail money constantly, why? Because, they work amazingly well with politicians and pay them insane amount of bribes and that is what gets them the bail money, give 100 congressman 1 million dollars and you have 100 congressman in your pocket for 100 million dollars, then get 1 billion dollar bail out money from their votes and you are done. This is basically why the fact is that we end up with bad politicians and poor people whereas banks get super wealthy. Binance doesn't bribe anyone as far as we know, and that is why they won't get bailed.

That is obviously not that thing even though Binance is big it could still fail because cryptocurrency is just a risky investment, since bitcoin could go down its market price the same as other altcoins.

Since cryptocurrency is not regulated all of it could end and the exchange could easily be stopped, we already witness exchanges gets bankrupt because of the fast drop in the market price of cryptocurrencies.

We can consider it as a very risky investment as well, but the big exchanges like Binance just lessen the chance of failing since they have a lot of experience on how to operate and securities, etc.

There is nothing big if it is destined to fail.  But for now, let us enjoy the discounts brought about by the current dump in the market.  I believe that this dump will come to an end soon and a new light will be seen on both Bitcoin and altcoin markets.  The whales have to accumulate in order to profit more and eventually to pump before they can sell again.

Is it because the price of BNB fell more than 70% from new ath and you gave a bad opinion?
All the altcoins are currently experiencing deep decline, not only BNB, I know how you feel if you buy in the $ 600 area ?,
yes, at that time CZ said that that's the DIP area, but look now the price has dropped again and CZ can't say, hmm,
the project is still going on of course they're not a scammer

We don't like centralized but even though we are back in centralized. As my experience all of this reason is service, still decentralized service isn't as good as centralized. Check these results. We don't use other bad services centralized exchanges, but we like to use Binance. Actually, I also like to use Binance exchange because I don't have options to use decentralized exchange, especially for transaction cost.

There's a small chance that it can but because of its experience and probably it has also learned the experience of other exchanges. That's why those mistakes that they've seen in others business, they're applying the solution to their own so that they won't fail the same as the other exchanges that has reached their peak popularity before.

Nothing is too big to fail, but i love the new staff Binance has been adding (former FATF members), because those people know their stuff. Looks like they are taking regulations  more seriously every day. But i don't see the major threat coming from regulators. I see hackers with social engineering as a much more probable threat.

the only cryptocurrency i believe is too big to fail is Bitcoin. Binance is not too big to fail as a coin and as a company, however, with the type of team and innovative developments going on at binance, they have what it takes to last for a very long time in the cryptocurrency space and achieve their aims

If Binance goes down, the whole crypto market will experience a huge "bloodbath" in price like never before. It'll be worse than Mt. Gox because of Binance's larger liquidity and market dominance. As I've always learned, nothing lasts forever. The risk will always be there, especially when something is centralized. What might survive after Binance's downfall is Binance DEX and Binance Chain because of their "decentralized" design. But I have my doubts, because even such platforms are controlled and manipulated by the company in question. A major hack into Binance exchange could destroy everything the company has achieved to this point.

What's concerning is how Binance dominates the crypto/Blockchain industry in general. The more popular it becomes, the more centralized crypto will be. We've seen this already with Binance's numerous acquisitions (eg: CoinMarketCap) and sudden rise to glory (with BNB becoming the 3rd-largest crypto by market cap). How far will the company go will greatly depend on people's support. By using BNB and even trading at Binance exchange, you're helping the company become bigger and stronger than ever. It's best to support the competition for the good of crypto's decentralization. Most people don't care about decentralization, since they're only into crypto to make a quick buck. As long as this is the case, we won't be going anywhere. Just my opinion :)

There is nothing in this world that can't fail, everything including living things and non living things have their own time and era, once that era is gone those things that matters then won't matter anymore, just because binance is the leader today doesn't mean it will be the same for ever

binance has a huge influence on cryptocurrencies, they are the no.1 exchange nowadays, if an asset is listed on binance, signifying that it is a serious project, has a very large community, good service, complete features, cheap trading costs, all of which belong to binance. If binance fails, then cryptocurrency will be too much of a scammer because there are too many cheap markets.

No System is Safe!

Binance has been previously compromised. Though binance used it's safety funds to refund it's crypto users, the hackers were able to compromise their system.
This shows that Binance is definitely NOT too big to fail. But yeah binance has done a really great job in outperforming other exchanges.
It is leading the crypto industry most of the users are using binance. This does not mean it cannot fail. Mt.Gox was the biggest exchange in early days yet they did an exit scam.
Nothing is guaranteed on the internet.

If terms fail means the exchange will be broke or scam, i dont think it will happen since the owner isnt anonymous and we can trace him.
But if fail means beated as the largest exchange in cryptocurrency, Bullish.com could be a competitor in the future.

Also as far as i know, last dump binance isnt ready for it and make many traders liquidated their position without any chance to cancel it.

CZ is a smart individual and an entrepreneur, I believe that's why he has been the CEO from the foundation of Binance. I have noticed something unique about binance that other exchanges doesn't exhibit. Despite badmouth and badmouth CZ do receive from twitter, they are always focused. Sometimes you will see people insulting him trying to be leader of the pack in crypto but his sarcasm response are just epic to be ignored  :-* :-*
I love binance personally from my experience and their platform, I have never been affected in any form of unsatisfaction

Nothing is untouchable in the crypto space, just one bad news about it can ruin the entire reputation they have been able to build this last 4years, so Binance is not too big to fail  at least we have been in the crypto space too long to know that even the best exchange today could be the worst by tomorrow, if Binance fails or gets hacked it might have a little Impact on the market, because 90% of all traders make use of Binance, bnb will have the most impact since its their exchange coin.

sure I've just registered there it can not fail

Let take a look on the trading volume of
KLSE = 2.24B USD per day
SGX = 1B USD per day
HKeX = 11.61B per day

All this is the trade volume o stocks perday in different countries..

Now, look back in Binance..
In coinmarketcap.com , trading of bitcoin itself has the volume of 65b itself in 24hours where Binance is 27B on bitcoin and a total of 55B(including other tokens) in 24 hours.
So if Binance fail, so will the whole crypto world.

Just my 2cents.

There always some issues when a thing become popular. Binance generally introduces lots of service, promotion time to time. To me, Binance is well organized company and top in the market. Binance Smart Chain is a new addition, in short time bsc network become so popular people migrate into bep20 and adopt it. Let's people make decision how long Binance will survive.

Binance is the most popular and highest quality cryptocurrency exchange and I trust this exchange already long time, even when hackers hacked this exchange and stole money from many users, even after such an incident, binance returned all the money to people which money was stolen, so to such exchanges we can trust and, most importantly, binance will constantly evolve to be number one, and therefore everything will be fine with this exchange, as ceo binance earns huge money and will always work very hard to make binance the most popular cryptocurrency exchange around the world.

There's no need to be agitated by the issue that BNB is a failure, Binance is making innovations from time to time, and lots of people have got hold of it. Binance is a company that is well organized and able to earn top titles in the market. BSC is one of the Binance products that has been able to lure people to it to become popular right now, Binance is something big and it will not fail.

Who doesn't know Binance in the crypto world, because it is the only exchange that has the most comprehensive trading features. And this is what
makes Binance the best and most trusted exchange today. I agree all of this because the hard work of Changpeng Zhao who is the founder and
CEO of Binance. Changpeng Zhao is not only experienced in the crypto world, but his creative ideas make Binance look different from other exchanges.
So it is very difficult for Binance to beat other exchanges and even Binance is too big to fail.

That's right but they are not safe when the market is failing as well. but the good thing about them is they keep pushing forward even though the market is not looking good. that's why they are the most trusted crypto platform in the industry since they keep offering those convenient and effective services that you cannot get on the other platform. Just wait for them to update their status and development, you will be amazed by what this company can do.

Ya i think so, there are already a lot of people who get confy trading in binance and their trading volume is huge. The things that can fail binance if they are not concern about their security, if the market got hacked and it affects user balance i'm sure no matter how big the market is, people will leave because trust is the most important thing for users.

nothing is too big to fail, but they are big because they collect everything from the little things, so it is like a tree that has grown so big with good care and care that the tree will be strong to withstand storms or strong winds, as it seems on the market binance.
Cz manages this exchange properly so that it can grow big until now.

Nothing is written in stone, maybe someday Binance would be hacked or other mistakes then led to its downfall.
As one of the big top crypto exchange have such influence over the crypto i think it's very normal, Binance just do its job all the time, like its competitor: Coinbase.

There will be panic and disruption not only Binance, remember it's always news when we read an exchange that has been compromised, in the case of Binance it is too big to fail because the majority of investors and traders are using their platform, but the drop will also be massive in the case of Binance, Binance very well know this, they are doing their best to satisfy the needs of the regulators and their clients.

Binance is spread out over several countries, so any potential action in the United States is not going to impact them. However, there will be a temporary slump in their profits, in case the SEC imposes a considerable financial penalty. And regarding the centralization argument, I don't agree. In fact one of the issues facing the cryptocurrency sector in my opinion is the extremely large number of exchanges and the fragmentation that results from it. None of the cryptocurrency exchanges are having more than 10% market share. At this point, it will be premature to talk about centralization.

That's certainly true, mate. We've seen how big companies went all the way to glory only to go down the drain a few years later. The same could happen with Binance in the future if the competition becomes fierce in the crypto/Blockchain space. Not only that, but the fact that Binance is a centralized entity makes it extremely vulnerable to hacking. A major hack could lead Binance to a point where there's no hopes for recovery. The negative impact on the crypto/Blockchain industry will be huge, because Binance dominates the market in its entirety. I bet prices for each crypto asset will go all the way down the drain at a very fast pace after Binance's demise. Fortunately, crypto/Blockchain tech's decentralization and censorship-resistance will help the market rise back again to its former glory (albeit at a slow and steady rate).

Nonetheless, no one knows what will happen in the future. The crypto/Blockchain industry is widely unpredictable so Binance could grow bigger or fall all of the sudden. We should be prepared for the worst by securing profits as much as possible. Leaving coins out of Binance exchange will make sure you avoid huge losses in the long run. If you know what happened with Mt. Gox some time ago, then you'll see why it's important to never keep coins on an exchange. Just my opinion :)

I clearly remember the exchanges that came before Binance. 2 of them to be exact. Mt. Gox and Bitconnect. So I will not be defending Binance at this point because the sky is the limit as to what hackers can do with the exchange. I know that the exchange uses state of the art security and all and that many people trust the exchange, hell I am also using the exchange. Is just that, when you say it is too Big to fail, that means that it has achieved powers that no other exchange can have and I am sorry to say Binance has not reached that level of sophistication.

Binance has changed the system of exchanges with amazing features. Referral program via link to get a percentage of transaction fee commission, reduce transaction costs with exchange tokens, IEOs, staking coins, CEFI, a blockchain is what Binance offers, they lead the trend and changed the way traditional cryptocurrency exchanges did. Binance also has an investment fund.
Binance is doing great with multiple roles in the space. They have decentralized their ecosystem with many different divisions. They still don't have an official office, which has helped them select an excellent team from all over the world to work for them.
The Binance ecosystem is making a huge push into the development of the crypto space but it must be admitted that the power from CZ is too great.
I think Binance will grow even stronger in the future.

Binance has grown so big and diversified to several aspects of the crypto industry, with proper management, I really don't see binance failing, but nothing is impossible especially in this space of uncertainty and with the issues which could come as a result of government sanctions. I hope to see binance grow stronger and bigger as their contribution to the cryptocurrency industry is overwhelming.

Anything can fail mate but binance is just well prepared for that, they have some collateral in place so even if their exchange face the most intense collapse they will stand up on their feets again, binance exchange is blessed with teams that are so into crypto and want to make crypto works for the whole world

Your last statements weigh it in as the power CZ have now inside this industry has grow bigger.

He designed this project and it's really useful for everyone who's involved to this business you mentioned most of the benefits and

usages where traders and investors are enjoying now, future ahead continue to grown but who knows what would happened in case
CZ disappear or something happened along the way..

As you've said...
Binance is one of the leading exchanges in crypto and obviously to see the majority of the traders are using this platform. And there is another one, once a certain project got listed on them, not doubts that it pumps like a bullish. That is enough to say that Binance has a huge market influence and besides, the BNB coin could never stand strong without the support of the Binance exchanger and make everyone think that they are safe in there.

Currently binance is one of the best altcoins in crypto, its growth has been impeccable as now BNB is ranked among the top three altcoins on CMC, and I see no sign of failure in binance, because binance is an altcoin network that has very good potential and prospects.  in the future,

Exactly, that was my opinion also.
Why someone will think about that at first place. Moreover Binance has already serving for many years and has really built a great trust in every aspects of people.
If we Practically see, then yes Binance has already become too big. Not only their exchange but also their coin has also made a standard in the market.
So OP we can easily claim or conclude that, Binance has became really too big and yes it won't fail.
Will love to hear mix expressions and opinions of the people.

Is there anything that's too big to fail? The unexpected can happen at any moment but I like binance team for one thing, they are always prepared you know so if failure comes they will fix their problem and get back to work, the CEO and team are so into crypto itself not just running exchange to make money like other exchanges

Building a name and gaining the trust of customers is hard to attain nowadays so Binance should keep their business trusted and effective for the users. I don't think Binance will fail even there are new exchanges. They will only fail if there are unsolved issues and no developments made.

I remember when I really got serious with knowing trading back in 2017, Bittrex was the go-to exchange then but not that it has failed and don't which that on any exchange to be honest because we cannot imagine the number of people that their investments would be lost through that but Bittrex is no longer as popular as it was back then.
Just like many have probably pointed out, nothing is too big to fail in terms of this crypto space, so this can happen even though we don't wish it.

I think that over the last couple of months binance really reached the stage of "to big to fail" except some really extraordinary stuff happens. Binance is the biggest altcoin exchange for quite some time now and it works flawlessly almost all the time, although a lot of projects switched from the ethereum network to binance smart chain recently because there you have almost instant transactions and like 0,10$ transfer fees.
I would not like it though if binance becomes too strong and too dominant in the crypto space, i already don't like the fact that they own coinmarketcap.com now and can therefore kind of control what informations the users get.

Many people are meet with cryptocurrencies and their most important criterion is trust. Currently, the Binance platform is the most trusted cryptocurrency exchange. It's no surprise that they are the leading cryptocurrency exchange and BNB is ranked #3. However, this will not be permanent and rival technologies and cryptocurrency exchanges will surely surpass BNB.

Binance exchange will be fine as far as crypto remains alive, the team and the CEO CZ have the best for crypto at heart so no matter what happens to the exchange binance won't crumble, the team are experts in the field to be honest, customer services is top notch and exchange security is now more better stronger than before

Binance is not only a cryptocurrency exchange, but also a Coinmarketcap rating, as well as the Binance Smart Chain blockchain. In addition, Binance is an affiliated owner of many cryptocurrency projects. Therefore, Binance is currently a monopolist in the cryptocurrency market, and it would be right if antitrust laws were applied to it.

As a leading innovator in the exchange industry, yes Binance failure can create a disruption in the market and the confidence of the investors and traders will diminish, but what kind of failure will that be, if it's about hacking a disruption could be bigger than failure coming from the failure to comply with regulators, one of thing that we don't want to read is exchange hacking especially if it comes from a leading exchange, the impact will be double if it's coming from the number one exchange.

The biggest issue for Binance is not the competitors or the hackers, but the authorities. As we all know, the SEC is gearing up for a lawsuit against Binance. They are not comfortable with the relaxed KYC requirements for the Binance users. So either Binance needs to fall in line and do KYC for all their users, or they will face a heavy financial penalty from the SEC. However, I have a feeling that the SEC wants to go slow against Binance, especially after their recent setbacks in the case against Ripple. Anyway, the Binance management needs to remain prepared.

As for me, Binance has a strong foundation already and it wouldn't fail that easy. It has been through a lot and most investors trust it. It's well-established that they could face and solve all the lawsuits or other cases that might be thrown at them. They have been hacked before yet they're able to solve it and rise again.

binance has been able to gradually conquer the lidership of the market, and has become the reference point in the exchanges sector because in addition to traditional trading / exchange options where there are more than 400 pairs of altcoins, it offers very tempting other ways to earn such as futures, etf, staking, provide liquidity, now they also have their own debit card, binance will not fail but not because it has become one of the largest exchanges on the market but for its seriousness and for the dedication of the team that manages it

binance failed? are you kidding ? binance is a very extraordinary platform and currently the binance platform has an important influence on the lives of coin developers when it is registered on a binance exchange it will usually provide high trading volume because there are so many investors using the binance platform.

To big to fail concept applies to banking system of fractional reserve that is wholly supported by government!  In the case of binance,  I do not see any government supporting it!  CZ seem to have a hang on how to keep binance from falling.  It is however dangerous for Cryptocurrency ecosystem that a centralized point of failure is controlling large percentage of Cryptocurrency market share!

The battle against idealism is very hard when you are faced with the realistic nature of humans. We all need money to live, humans who have a mainstream pattern of life, will only be carried away by the flow of which choice is more comfortable. And in the cryptocurrency world, more people are more comfortable with Binance Exchange than decentralized exchangers. That means cryptocurrency enthusiasts have been divided into two sides since the existence of centralized companies that instill the doctrine "that centralized platforms are not bad either".

If you want money, then be part of centralized.
If you want inner satisfaction, use a completely decentralized service.

Can you see? now life is a choice

nothing is impossible here. in crypto even the impossible becomes possible.
In fact, if we look at Binance, it will be very difficult to fall because now Binance is in great demand by investors and traders because the prospects and fundamentals are very good.
Besides that, consistent burn makes Binance more loved by fans and I am one of them.
but it would be too much to say binance couldn't fall. Of course there are many risks that occur if we enter this world as well as binance which is very risky, indeed it is unlikely that binance will fall but we still cannot say that binance will not fall.
Of course I didn't expect this because I'm also one of the people who trade on Binance but just in case why don't we stay alert.

I agree things are still possible despite Binance's huge demand.

If something wrong has to happen then it will happen for Binance. But Binance has gained experience how they're going to tackle those problems that they might face.

And so far they've handled those very well and that's why it's unlikely to see them fail as of the moment. But in the future, if they will maintain their state, we're really unlikely to see unexpected things to happen for them.

Agree Binance is already too big to fail. Especially Binance is the biggest market in cryptocurrency so i don't think they gonna fall in the future. If they don't make any stupid mistake, i believe this coin will keep growing bigger then bigger every year.

On my observation Binance is too big to fail and it offers a better alternative to ethereum which is so expensive. Anyway some killer apps from ethereum are going to let its token co-exist between 2 (or more) blockchains.

Binance can't fail, let's put business and money making apart, there is something else about CZ himself and his team members, they actually want crypto to survive on the long term, they care more about the adoption of crypto so this is enough to keep the exchange going

Couldn't agree more with you, mate. CZ is the only one backing Binance right now. A major hack or a full government crackdown should put Binance on its feet. What's concerning is the huge dominance Binance has over the crypto market. If it fails, it will bring down the whole crypto/Blockchain space with it. This will lead us back to the events of Mt Gox. where Bitcoin went all the way down the drain in an instant. While crypto will most likely recover, it may take quite some time before it goes back to its former glory. Things would've been worse if crypto/Blockchain tech was centralized. It would put an end to the revolution as we know it.

Nonetheless, we could say that nothing lasts forever. History has shown us that empires have seen their demise with even the most insignificant things. The same can happen with Binance if it faces an undesired situation where there's no point for recovery. What matters is that crypto stays resilient after a big downfall in price. I believe things will carry on as usual after Binance's demise, as a new exchange becomes the "new leader" of the market. Binance or not, crypto will be here to stay for a long, long time. Just my thoughts ;D

- Agree, the binance system is currently the platform with the most strong support and is honored as the great king of the exchange, a few stomps of it are enough to cause huge fluctuations in the market, sometimes I feel that its threat is much bigger than bitcoin because the control of assets here is so huge. Relatively worried and also wary about the case that binance will fail but I think binance has too many solid bases to exist, it is difficult to force it and cause failure unless binance intentionally let loose in system problems and wants to run away

We have seen some big failures in the past and you never know when they are sinking until the last moment and we have many exchanges who looked invincible but ended up closing down after a few months after a major hack and Binance is not stranger to hackers as they lost millions and we have no idea whether they have tested everything and can very well vouch that nothing like that can happen again, i doubt they can vouch like that.

Definitely not to big to fail.  Wait until serious players start entering the crypto exchange game.  Exchanges are only as good as the latest fad.  Another exchange can easily catch on and blow them away.  Remember poloniex, Remember mintpal, crypts, etc etc. 

I will only answer one of your questions, although no one will have the most precise answer of what will happen in the future...

What are your thoughts?... I see a future where any user can choose whether they want their money to be centralized or
decentralized. Donce the most astute will be able to have both systems in harmony and without fear of regional economic blockages
and without paying high taxes.  :P

What speaks against too big to fail is the theory of create destruction. There have been so many businesses where nobody could imagine in the slightest that they might once disappear. Some of the largest banks failed, companies disappear because of changing technologies and so on. For now they have an incredibly safe position.

It will only be a joke to those who think binance will fail, as you said, binance is currently the biggest market in crypto plus more people are switching to binance instead of eth which has high transaction fees, the binance project is also getting more and more, so chances of failure very little.

Yes Binance is probably the best exchange at present time. They have done all the hard work not to fail and as we are looking they are doing more hark hard work then earlier. These days every project has a dream to list on binance that's why Binance is great and not easy to fail. Any exchange can beat binance with their hard work and honesty.

Let's put it like this: we all agree it is BIG! But can it fail? Well any company can fail. Make a mistake, innovate the wrong way or not at all. Many reasons why out of a sudden it could be game over. Wouldn't be the first tech company to die although nobody expected it.

I believe the Binance exchange should not fail rather than fail. And yes, I'm worried, I think there shouldn't be strong centralized companies on the blockchain.

Binance has been growing so successfully because of their efforts to make it and how CZ and their team are really professional and experienced in creating such a crypto market. And yeah, not only the crypto market but they are really smart to utilize every single field to come into, like creating coin, BSC, acquisition more exchanges from around the world, and many other programs. And now, Binance also proves its professionalism and ability as the top exchange. And well, it may not make any centralized. How?

I agree that Binance has a strong impact on the bitcoin economy because almost half of volume trading is dominated by them. and I think they are always trying to give their best by supporting new coins and projects that they believe will have the potential benefit for their customer and also for any parties that involved.

I am not sure whether they have half of the trading volumes with them (would be really surprised if they have, because even at its peak Mt Gox never held this much market share). However, I have to admit that over the last few years they have made a large number of acquisitions, which mostly involved small and medium sized exchanges. This has significantly boosted their overall trading volumes. Also, there is the trust factor. Binance is one of the most trusted exchanges in the world right now.

No they don't have half of the trading volume, but they have 2.5 times as much as the second largest exchange in terms of trading volume. That is quite impressive data. I don't see that gap closing anytime soon as they continue to expand their operations.

Binance is one of the strongest coins right now. Binance has a large community to make the coin more active. Apart from that, the Binance exchange is the main choice of crypto users today, thus, support for the Binance coin will be higher compared to others.

Binance is actually different compare to other exchanges in the past, the reason for its success is because they don't limit the development on the exchange alone, they have their own mainet and they continue developing. Binance is already big, but any project could fall, big or small, however, I trust Binance so I'm investing in its future without a doubt.

There is no doubt that Binance has achieved huge popularity so far and it has became a brand itself in crypto space and from the current state of binance it looks more progressive so it looks impossible for this exchange to be fail nevertheless it's all depend on the services of Binance exchange if the exchange keeps providing good services and user experience then this exchange has a wonderful future.

As we all know, it actually is pretty obvious how deep rooted binance already is in this industry. And all throughout the years of its existence, the number of people using their service continued and still continues to increase from its launch date up to this day. And with all the new things that binace has contributed to this industry, the number of people that would be using their services can only go up. Which is why I am pretty sure that binance being out of business or failing is like saying bitcoin will die. Not entirely impossible but very unlikely or has very low chance of happening.

This is inevitable, any company strives to increase profits, which means covering many industries. Of course the influence is huge, but why should she fail? Of course, if she goes against the cryptocurrency world then it will be a failure, then the whole point is lost. I think it can be compared with Google or Apple.

No, it is THE biggest exchange by far. Just go to coinmarketcap and check the data and you will see how overwhelming their number 1 position in the overall ranking actually is.

People believe its not and have possibility theres too many fake transaction to increase the daily volume transactions. Market are full of manipulation and fake things, so the data is not really accurate bro.

We'll see what happens within a couple of years from now. Binance may be the biggest crypto exchange in the world. But its dominance could fade quickly if another exchange gains traction in the mainstream world. It's all a matter of staying ahead of the game in order to beat other rivals in the crypto/Blockchain space.

What's concerning is the huge supply of crypto Binance controls/holds up to this date. Once Binance goes down the drain, it'll take down the whole crypto market with it. There will be a massive "bloodbath" in crypto's prices that will lead towards decreased mainstream adoption of crypto/Blockchain tech. While recovery is certain, it'll take quite a long time for everything to go back to the way it was. I hope Binance doesn't turn into Mt. Gox 2.0 or we'd be toast. Just my thoughts ;D

Binance is too big to fall drastically or turn into Mt. Gox, It's much more regulated both self and external. The probable fall of binance would come as a competition. But like dethroning something as bitcoin, it would be difficult to dethrone something like Binance. Exchange like FTX seem a good option but even that uses many aspects of binance and is linked to it.

Yeah right, there are many fake transaction still and traders and investors are aware now.

But given that fact Binance continue to take the first spot and still have many supporters and end users, the dominance still
on it and for now, this business are continuing to estabslish the  long term progress, too big to break and fail as for my personal opinion.

Binance is tested through time already, there's no guarantee that they'll continue to be this big and strong but we can expect that the team will continue to work as they don't want to let go of the big revenue they are enjoying now. I just like Binance of all the big exchanges, our fear in the past that an exchange will be a hack and will be gone seems was already properly handled by Binance as they continue to develop the project and its security.

Binance was the first exchange that has SAFU funds IIRC, they got hack and yet looks like nothing happened, that's how smart they are or the team managing Binance.

to be at this moment now in my opinion, binance have really solid team with high qualification for blokchain developer. they already developt alot of product that needed by crypto community and all of them usefull in binance ecosystem. day by day binance user growth alot and they have security system that will protect their exchange for any failure.

Not matter how Binance grows, it is important to note that it is a monopolized business controlled by one man. the token trading volume across exchanges shows how huge binance token has grown into. the market cap is also massive. i don't think it will fail. Ripple fought heavily with SEC after it was served with a court case. still the token is still dominating the market.

binance has always dominated the crypto market, whatever the current hype is they will continue to use it in an elegant way, with the high trust of users in binance I'm afraid that if one day they fail it will have a bad impact on the crypto world.

Binance in my opinion is not a failure but this platform shows that its development is very fast and of course this is far from being a failure, this is the success of a small platform like Binance that can grow and become one of the best platforms that is said to be ready to beat the ethereum network.

I like those educative articles they send me and I believe the whole binance  empire will never fall

Before Binance exchange there had been some reputable and renounced exchange like bittrex, poloniex, bithump global and others you can mention, Binance hasn't escaped the function of centralization but the fact the BSC is dominating part right now doesn't mean it's gonna influence the crypto space into centralisation, if Binance can create an open source non-custodial wallet, then I will be convinced that Binance had dominated completely.

Sooner from now, Binance will launch her new NFT marketplace, and I believe it's going to be the best amongst all, on the NFT marketplace, I have a feeling that users will pay some amount of bnb to place your products, this will affect the price of Bnb positively to an extent.

Binance is too hard to beat these days. Only a strong competitor will be able to take its place in the future. For what I know, nothing lasts forever. We've seen companies come and go as the world goes round. There's nothing stopping a new crypto exchange from gaining traction in the mainstream world. All it needs is constant innovation, mainstream adoption, and strong marketing/promotion efforts to challenge Binance. Things would've been different if Binance exchange was completely decentralized. But we all know that's not the case today. A major hack or government crackdown will put an end to Binance for good.

Nonetheless, it seems to me that Binance's dominance on the crypto market will last for quite some time. It's a force to reckon with, since no other exchange has been able to provide better service and/or user experience in the industry. What matters is that crypto/Blockchain tech stays as decentralized as possible. With decentralized exchanges and atomic swaps, Binance dominating the crypto market is no longer an issue. Time will tell us if Binance will remain as the leading crypto exchange or go all the way down the drain. Just my thoughts ;D

Yeah, but if Binance have any law problem regarding any market manipulation or fake transaction. I think US can shutdown Binance, however its just a very worst case.

They wont really be making such mistake because if we do consider on how big already Binance is then they wont really be letting the business go down just because of those scenario. There might be some issues but that would be only small and can be resolved or be handled and considering on how big it is on today compared into those previous years then we can really see that they did really succeed into this industry and they do really know on how to handle and run a business but somehow nothing do last forever but basing on the performance and things that they've been doing then for sure they will stay for a while.

Provided that complaints are very infinite decimal in number. If customer are having difficult to time to access their money or wrong been executed especially during crash and dump, they may get sued.
There is a petition that's currently going about Binance stop some users trade during market crash in month of May especially the future traders.
They need to account for such mistakes and compensate users for their loss.

The Binance platform is a famous exchange with a great reputation and is one of the first giant exchange platforms in crypto, and it is very difficult to fail because it has senior developers and security experts running this platform, This platform has achieved huge success and there are millions of traders on it and there are +300 coins listed on Binance, This is really the first choice for any successful project.

I totally agree, if that will happen it's really a bad thing since Binance such too big to fail like how other market also collapses. When you invest in crypto currency world even how big it is, theres a possibility that it will fail in the future, but hopefully not. Binance is very powerful to fail, they influences everything in crypto world. If that will happened, I guess everyone will going to be panic, but still we must need to understand, learn to wait if that really happened and also expect the unexpected to avoid disappointments. As long as we did our best and the right things, we can always trust them to transact or invest with our own risk.

What's for we are expecting Binance to fall? I am personally one of the fans of Binance, using the platform for daily trade and other activities. And I do think that their power is great enough in the crypto world, the team also creates many big changes on crypto, provide more and more concepts, features, and also other platforms. We know that sometimes, Binance also supports other platforms to be under their management. And so far, it really works.
With this high transaction and also other things on Binance, I also beleive that it is too hard to fail

I think the purpose of this topic is to assume possible scenario which lead to Binance fail, also to warn us if theres a possibility of it.
For me, Binance is still a best option to do trade, Bitfinex is my second. But like people said, never save your money on wallet that you didnt have the key on it.

If you go back there were many other giant exchanges in terms of the volume of Bitcoin that went through on a daily basis and with time these popularity keeps changing from time to time and sometimes a major hack would turn the tables against the popularity and sometimes their technical inadequacy to handle heavy loads and the time it took to sort the issues worked against them.

When you talk about Binance, they already had a major hack and they are literally purchasing or replicating everything that is available in the cryptocurrency market space and only time will tell how long they will be functioning without any major issue.

nothing is impossible, but when viewed from binance, the project can be said to be successful and continues to grow and has even become the largest centralized exchange in the world.
so the probability of binance failing is very small.

Most people have the same opinion as you. One of the most important reasons why this year's bull has lasted so long was Binance and the opportunities it offers. Even people who are not related to cryptocurrencies made good money thanks to binance and supported new investors.
I hope these successes continue and we can invest without any problems. But all good things end one day, we should not forget that too :)

Probably yes, if Binance would go down it would take all the tokens on its blockchain with it right?

I do not think that binance would really be like the old timers stuff, they are just way too good right now. I understand that "hack" could be a thing, but back in the day those hacks were directly hit, like for example mt.gox got directly hacked and they lost almost all of their bitcoins, whereas binance keeps theirs in cold wallets which is unhackable, it is not connected to anything so you physically would have to steal it which is still recoverable as well.

This is a company worth in tens of billions of dollars, probably hundreds of billions of dollars it were to go public in USA, coinbase is not even half of that and worths so much. Do you really think that a company that big would fail via a hacking? I really do not think that is possible and which is why I believe they are not too big to fail but they are too big to care for their security more than anyone else ever did in history.

Binance is a great company no doubt, no institution is too big fail. Failing to me is superlative there are areas where they their services are lacking and they need improvement on those places I can attribute them as "fail" if I so wish. However, there has to be a very competitive opponent to shake Binance off Binance off the radar or better still a heavyweight attack on the exchange to pull them off the level they are currently.

But there is merit to that term too big to fail, no doubt about that. If you reach a certain size and you are systemically relevant, chances are good that government will bail you out if you fuck it up because otherwise all your employees are without jobs. Yes, never say never but we have repeatedly seen in the past that the bigger the institution and the more money and workforce involved, the more likely it is that you will be saved with tax money even though you are to blame.

As for Binance, they are actually really huge. Look at the gap between their trading volume and rank two. It is hard to think of a scenario that that gap will be closed anytime soon as their business model is sound and customers are satisfied. This is not a business where customers quickly change the provider. Liquidity is awesome, service is awesome, product offering is awesome. Binance is in a great spot to say the least and probably for a very long time.

My dear friend, you couldn't have said it any better. There will be a lot of damages done to the society if care is not taken for Binance to fail it means a portion of government has failed. The government generallly knows that the existence of an enterprise like Binance is doing to relief them of their own stresses like (Job, creation, sabotaging; crime rates through the establishment of trading to keep jobless people from engaging in such acts,  making tax collections a lot more easier).


So, when such scenario plays out, the government will definitely find a way to help the entire Binance management to overcome anything likely going to cut their existence off in the shot period of time, Binance is currently like Google of the Search engines to the crypto world. They constantly update their platform with what will likely draw customers away from them easily.

Undoubtedly Binance has really been successful and is also a big company in the crypto space, it's one of the biggest cryptocurrency exchange so far with lots of people finding so much interest in working with the Binance exchange. Actually no company is too big to fail, if there got a little weak point and doesn't work towards it that's where it will start failing from, so i think for a company to remain successful there will keep working to grow their company because there are also lots of competitors.

you are right about this. It's hard to imagine any new project bigger than Binance. binance has it all, a great exchange, smartcontract platform and a professional team of developers. this made them so strong that it was hard to imagine that they failed.

trust in binance began to be seen when binance was hacked and returned all customer assets. especially now they are developing a binance smart chain, which helps a lot because of the low fees. although there are new projects that will exceed binance, I think it takes a process to gain trust like binance

The chances of binance failing or going bankrupt are very small because he has great trust by the cryptocurrency community to date. Binance is considered the no.1 market in the world with the best service and quality. I'm sure the whole world knows binance. This makes binance ranked 3rd, not even impossible in the future bnb will be in second place.

The crypto market which has as much as 500 million visits per month and where the market is traded in billions, nah I don’t think so it’s gonna ever fail in the coming future. As long as it stays secure enough to protect the funds of their consumer I think they are good to go.

If they get hacked and major assets are stolen then they would worry a little bit. But considering their security systems I barely think they will fail.

They are expanding so fast indeed but there's always a chance for this company to go down, like meddling with the US government etc but the chance is rather small, I know the legal departments of binance full of smart people considering their yearly earning LOL.

They better try to speed up their expanding pace so they truly become too big to fail company that's not gonna gets crushed so easily, many people are on the lifeline by holding their BNB if the company suddenly go down.

The Crypto market will not fall but Binance might fall if there's bad news on Binance. You know how people react to bad news, they will panic and that would lead to Binance losing their traders and the value of their coins will be affected. All the coins are vulnerable to failure, even bitcoin, so we can really never say they'll succeed especially we are talking about an exchange project here where are regulated by the government.

I'm sure you know about Mt. Gox, the biggest exchange in the early stage of crypto was hacked and was never able to recover.

Binance will not fall. There are some problems, but trading volumes say the final word

Mt.Gox also had a reputation of being one of the best exchanges. They also had "one of the best" security systems in the world. And look what they are now. Everything and everyone can go down. You never know what will government do next day and how it will affect on the Binance. So far Malta is positive to cryptocurrency. But this country and its economy is so small, compared top countries. A huge whale like US can easily push on Malta, making them change their laws in favor for the US. They can use sanctions against Malta with a request to be more crypto unfriendly and that is it. First it will paralyze work for few weeks or day. Then it will drop crypto market significantly.

Yes, the ones that are already popular will be difficult to fall, because Binance already has everything you want such as a large community, large number of users, and a well-known network that makes it difficult to fall, but when it comes to the price of the BNB coin, I think it still matters on Bitcoin in the crypto market.

binance coin is currently growing rapidly, many changes make it more popular and many are buying and their project dex is going well according to the changes that are so fast making the price of BNB go up so high it's no wonder that binance smart chain is the right solution for low fee trading is a very good form of solution and development for the future it will make trading much more increased and so many big deals happening in BSC today.

I can't express how much I hate the term "too big to fail"!!! Nothing is too big to fail! If for example Amazon fails tomorrow, you really think there will be no one to sweep up all the customer wanting to buy stuff? Of course there will! The same with binance and almost anything else.
Imo the term "too big to fail" was made when they want to spend your money on private company that fucked up, but has "friends" in government.

There is no such thing as too big to fail, everything in this world is based on time and sometimes the clock runs too fast for many things that they end up becoming history, binance is a good exchange 100% no doubt but anything can happen

Yeah anything can happens but Binance really doing great performance, Still remember about hacked Funds back then? Binance Anticipating this in a good way calmly and smoothly through an Insurance Fund that makes the community feel safer, Beside that they also have tons of other features like Launchpad, Staking, Futures, etc which is making Binance is one of the crypto exchange out there right now, Maybe later Binance will go bankrupt but I'm really sure the chance is very small, Well let's see what will happen in the future, Cheers!

Don't ever underestimate the power of human error and the power of human manipulation, especially with big entities controlled by one or few people. This is Binance in a nutshell, where CZ has a lot of power, even more I would say than Elon has at his company.

Everyone thought MtGox was too big to fail, remember?

In this fast-paced world of technology, a lot can happen. Much has already happened in a short time. But Binance is a reputable company and I think the future belongs to them.

Any centralized entity is subject to hacks, theft, fraud, and manipulation. Binance is no exception to this. Sooner or later, its dominance will fall as its competitors gain traction in the mainstream world. The same way empires rise and fall, the same will happen with Binance. Once Binance disappears, expect crypto prices to go all the way down the drain. It happened with Mt. Gox some time ago, and it could happen with Binance exchange sometime in the future. I wouldn't worry about a single exchange getting "rekt" as long as crypto/Blockchain tech stays decentralized and censorship-resistant. There's healthy competition in the industry, so crypto will rise back up again after Binance's demise. Just my thoughts ;D

It's hard to build name or brand as well people to trust your service, the only way for them not to lose all their hard works Is to keep their business going and they will be able to continue winning. The only time Binance will fail if they will not resolve problems right away.

It's definitely not.

In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.

Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.

Bianace is the perfect example of blockchain innovation, they also got the secret of become one of the trusted holistic crypto platform in this 21st century, they almost have all of the needs of every trader and crypto enthusiast, now in the question "too big to fall" I think they've already anticipated the past experience of so many exchange platform that fall in the hands of greedy people, Binance has also the security that everyone can trust, well this my own perspective.

Yes, Binance is too big to fail,  Binance is the biggest market in cryptocurrency now.if Binance died most of projects in the space would be dead. 

Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.

But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.

Smart chain based projects are gradually making some noise now or becoming a trend which i do really believe that this will really pull up BNB even more.We cant really assure that they wont fail

or simply too big to fail but basing up on the current condition and popularity/reputation then its really hard or even we can say that its impossible for them to go down.

As long demand and interest is there then its really hard for it to be taken down but of course as an investor then you should always mind of with the risk.

I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.

I agree with that, if we don't think that the biggest exchange could fail, then we are looking at an investment with no risk at all, it would be easy for us to make money which is not happening in the crypto space. We still have to be careful, don't put your investment in one basket, Binance maybe the biggest now, but there's no guarantee they'll remain in the top or will remain in business in the long run.

That's certainly true, mate. Nothing is guaranteed to last a lifetime in this world. If powerful empires fell to the ground, what makes you think the same won't happen with big companies and businesses in the mainstream world? Binance is subject to failure one way or another. A major hack or a full government crackdown could put Binance on its feet. Mt. Gox was the biggest exchange in crypto's early days. Yet, it suffered a major hack that led to its demise. Years later, a popular exchange named "Cryptsy" fell to the ground after it was hacked. Imagine what will happen to Binance if there's a hack where there's no point for recovery. It'll be the end of an "empire" that has made crypto/Blockchain tech extremely popular in the mainstream world.

While prices for major crypto assets will decline massively within the short term, they'll eventually recover as new players join the game. I wouldn't worry much about Binance since crypto has been proven to be resilient after all these years. As long as decentralization/censorship-resistance is put first, nothing else matters. Just my opinion :)

That’s a loaded question, a question that cannot be answered with the utmost of certainty right now. After all, wasn’t this question asked of the likes of Lehman Brothers too, before the recession of the late-2000s?

I won't say that binance will fail one day but remember that nothing is too big to fail.
Mt. Gox which was the biggest bitcoin exchange got hacked and this was the end for them. Everyone thought that  Mt. Gox  is hard to fail but you never know what will happen in the future.

Biggest crypto exchange means it has big pockets,and we all know money makes the world go round so it's easy to get themselves  out of any situation.

It's already a well rooted company in the crypto ecosystem and listing some of the biggest coins on the exchange (on different blockchains ) this does also give it the bargaining power to create a business environment that works in its favor leading to centralization.

Yes they do have the influence, if ever regulators wanted something done for example, they probably needed it to go through them first then all other exchanges will adopt whatever has been decided.

Unless some thing bad is happen and the binance exchange is hacked, only then we can see the downfall in bnb. Other than that there is no exchange which is even close to binance in terms of liquidity and trust.

The trust that they had gained is something that wont  happen easily on any exchangers out there.It is  because on the dedication and seriousness into their business on why they had achieved that state.

Binance is too big to fail?We cant really say but its hard to believe on that it would just vanish out or would have some huge hacking incident to happen or exit scam but we know that its  unlikely to happen.

Why would  they do bullshit things if they do know that they can make out profit in  longer years to come as long they do retain their reputation that they are trying to protect on?

the obvious thing to say is that Binance can fail regardless of how big it is, we can even say that about bitcoin, but the chances of that happening is really low, legal stuff can be very dangerous on crypto no matter how big it is or how big it could become.

It's very thin to fail if we look at the current conditions because almost all cryptocurrencies are developing in a better direction and are also doing very well in the market including BNB, although the price is still half the ATH that BNB has ever achieved, so it's clear the possibility to fail is very slim.

Binance was almost impossible to thrive before they launched the Binance smart chain.  Growing fast and being attached to an exchange puts pressure on investors even though what they have is impressive.  After legal issues with binance Us, they are completely isolated in some countries.  I think this is a limitation that can lead to their failure in the future if they do not improve and go with the legal regulations of an exchange.

Let's admit it, Binance has made life easier for all of us here, they only list the best project, they have one of the lowest transaction fees and they made it easy for developers to create their token, I wonder what will happen to the industry if Binace fail, it's success is our success its failure is our failure too.

Nothing is too big to fail, even those companies bigger than btc have sometimes experience a total shut down because of mismanagement or other legal issues, even if binance is not properly coordinated the way it should be then there will be serious problems for the company that can lead to it's total closure or shutting down, longevity has to do with proper management and commitment other it will lead to failure.

Nothing with the price with its failure or with its success. Because if it's not yet back to its ATH, there's going to be another time for it. But what happens with Binance through development, we can understand that they're making the exchange better and there are more updates that we've been seeing from them. The exchange and its token have now its significant contribution for most projects because they're the first exchange that's being desired to get listed.

It's impossible to overlook how massive Binance's involvement in the cryptocurrency marketplace is. The CEO of Binance CZ has been so active whether he is discussing Binance smart chains, customer service issues, or expansion of the business. In terms of spreading cryptocurrency thought across the board, Binance platform deserves mention. Binance is where I keep a decent amount of coins. For instance, I have a reason for active trading.

As a CEO then you would do all sorts of things when it comes to this manner.You wont really be making this business to be this big if you dont know on how to handle it well where it do really mainly concerns about
user experience and the good service that you do give into those who are needing into this industry.We cant really say that nothing last forever but seeing on how he handles up the company could really give you
out some picture that this would becoming even more bigger in near future if they would continue on what they are doing.

They do have the money and its understandable that they would really be needing to be consistent or even on aggressive manner in terms of marketing and promotions which its true that they do really keep pushing

stuff into your face almost everyday which as a user you would really be finding this thing to be interesting and they arent stopping and doing this aggressively and since they do have the budget since they are
the current top crypto exchange as of this moment then its normal that they are really capable on such spending.

They do know on how to play this business and making it big but we know that everything isnt guaranteed because looking on what happened on Bittrex and Poloniex in the past will possibly
happen to Binance too.So its hard to tell about failure matters.

One thing for sure is that Binance is persistent. It never gives up even when governments come up with fierce regulations against the crypto/Blockchain space. The aggressive marketing/promotion strategy, ease-of-use, and a large number of trading pairs has led Binance towards non-stop success. This is impressive for an exchange that's only 4 years old. It survived hacks, and many other undesired situations, so I'd say Binance is too big to fail.

Of course, nothing lasts forever. We've seen how a big exchange like Mt. Gox went all the way down the drain because of a major hack. There's nothing stopping hackers from doing the same on Binance. A hack where there's no point of recovery will mark the end of the biggest crypto exchange in the world. Binance's demise will pave the way for another exchange to take over the market. As long as the crypto/Blockchain space remains decentralized, nothing else matters. Just my opinion :)

Unless it's compromised, Binance would still be on top. The advantage using binance is that its early adoption upon taking No KYC rule for small traders. It invites more people in their platform which is probably the majority(small traders) and now produce their own blockchain with less fees compare to ETH. I like how they established everything in just a matter of 4 years and they really know what the general public wants. Fast transaction. Less fees and No KYC for small traders.

Exactly. Binance is already too big to fail, and highly unlikely to go away anytime soon. No other competitor is able to outpace Binance in terms of marketing/promotion, liquidity, user experience, and most of all, mainstream adoption. In just 4 years since the exchange's inception, the company has grown into an "empire" which has a direct impact over the entire crypto/Blockchain industry. The CoinMarketCap acquisition, followed by the creation of its own blockchain network (Binance Chain), has led Binance towards non-stop success. I'd be surprised if Binance manages to survive 20 years from now and still be the #1 crypto exchange in the world. Just my opinion :)

This is the only way i could see that Binance would totally or putting it out of business on where they would be possibly hacked  bigtime but for sure they have invested big money in terms of security.

They might  have some hacking incident or issues in the past but they had able to handle it well.They are aware about exchange hack and most of funds are on cold wallet and thats a good initiative

because everything is hackable no matter how tight the security is.Binance is big to fail?Sure it is but it isnt an assured thing but for now it is on the top spot.

Don't forget how light the app and the website is, it provides the traders best experience while trading, live movement price and the features and the user interface design is really comfortable for the traders. In terms of security binance is already good enough and we just need the consistency and more upcoming innovation that will make traders or investors stays

Unless its not compromised and proven that funds are SAFU then I think binance would still be one of the best platform for crypto. It's fast and cheap network really helps the majority of crypto enthusiast and that makes it really convincing to trade with them. Its network is becoming popular and many projects are emerging from that space and potentially helps the current market. However, major Western countries are being skeptical to binance products specially the future ones which is understandable.

Don't forget that Binance got hacked as well but no one lost their funds due to the hack since Binance covered the lost funds with SAFU which increased the trust among the traders and let it to be on the top of the list.

Already Binance is doing everything they can but they are also started to promote their own coins and tokens by increasing the fee of other same level of coins which give a little bit of inconvenience to the traders.

But don't take place that Mt.gox

https://en.wikipedia.org/wiki/Mt._Gox

this is the biggest scam recorded in crypto world specially in bitcoin industry,


so don't be very confident because we know nothing about what will happen in the future.

and always mind that "Not your key . Not your bitcoin"


though i trust Binance yet i don't wanna be sure for everything  .

Binance is constantly "beefing" up its security, so it's unlikely it'll disappear anytime soon. The only thing that could stop Binance is a full government crackdown. Once governments decide to ban crypto, it'll be the end of Binance and other centralized exchanges as we speak. Binance's departure from the industry will be a huge blow to many crypto assets' prices on the market. Everything will go downhill just like it happened a couple of years ago after Mt. Gox's demise.

Fortunately, crypto will recover thanks to its decentralized and censorship-resistant nature. Things would've been different if the entire space was centralized. I wouldn't worry about Binance since there are decentralized alternatives for trading crypto. Just my thoughts ;D

Nothing is certain , remember that this market had been at stake for many times , there are even many exchange that turn scam in the past.

so Binance is not that perfectly stable to be not becoming one from falling but at least we are.

Just one thing to make it sure, never put your money in exchange longer , just trade and withdraw .

Binance is mainstream exchange. There are no particular competitors

I hope no harm will fall on binance exchange, this exchange have been my favourite since past years and today it's still the reason why I can buy crypto coins easily using Fiat without any issue, CZ made life so much easier for everyone, I hope they will never fail so please let's keep hoping the best for such brilliant CEO and founder, no new centralised exchange come close to what binance exchange have achieved so far

It is because you're name is binance coin.  :P

So far there's not that much competitor that can par with Binance in most of the areas. But there's Coinbase which is also huge and one of the biggest exchange.

But why is it that we feel that it seems there's no competition between the two?

Exactly. There really is no strong competitor that would be able to take down Binance. That's largely because Binance has a strong marketing/promotion strategy that has kept it afloat since its inception. Not only that, but Binance is always adapting itself with the latest trends in the crypto/Blockchain space. The company is complying with regulations and expanding its operations around the world. If this keeps up, Binance might become "untouchable". It's a pity since lack of competition brings greater centralization in the long run. We could say Binance is already a monopoly, as it controls a very large portion of the crypto market. Unless there's a major hack which makes Binance inoperable, I don't see it going anywhere soon. Just my thoughts ;D

Cant really deny or we arent blind on not to see those things that on the current state on this market on where there are no other big exchangers that could able to compete on what Binance had able to achieve right at this moment.

We cant say that it wont fail because risk of exchange hacks is always there thats why we shouldnt really be that too confident on things because we dont know on what comes next.

Store your coins into your own wallet and not on exchangers no matter how trustable or popular it is.Thing here on what BInance is been doing is that they are way too aggressive on promotions and marketing
thats why i cant really doubt on why they had achieved this current popularity.

All cryptocurrency exchanges already have competitors at this point, and the matter of not being able to be matched by certain exchanges against Binance, it's only limited to the features and number of exchange users, because if an exchange has a problem, then everyone will also move to another exchange without being asked.

i believe they are also ready in case there will be a major hack involving their exchange platform. remember they have  SAFU  (https://academy.binance.com/en/glossary/secure-asset-fund-for-users) in place, an emergency insurance fund created by binance to protect the binance users in case of events like hacking. this is why a lot are trusting binance with their funds because they pretty feel safe on this platform. and with other types of problems, like legality, they can always afford to hire topnotch lawyers that can help them win cases. so right now, it seems they can't fail but we should not be contented of what is given in the market. there will always be a network that will compete with them in terms of services offered.

i remember the famous exchange in the past , the Mt.Gox in which the biggest and strongest exchange that time.

it is like Titanic that named will never drowned but wat happened? now becomes only a History.

I'm not saying Binance will scam but what i wanna impose is never trust exchange of your coins overnight, just trade and take out after.

I missed a lot of potential gains for not keeping my funds on Binance and for not exploiting the Binance Earn option. I have way too much respect of the concept of "Not your keys, not your coins".

I was just wondering...

Its part of that missed opportunity but at least you do still consider about security which is important the most in all aspects and you shouldn't really regret even though profits are missed.

We shouldn't really set aside about those exchange hacks which could really happen anytime that's why I cant really blame off on why people are really that paranoid on  hacks.

Big to fail is something a personal impression because nothing do last forever on staying into the top.

It's because that Mt.Gox has been hacked but if it wasn't, I think that they'll still be able to be a competitor with other exchanges. There's also cryptopia that has been popular but also was hacked. Binance has to learn from these exchanges and also others that haven't been hit by a huge hack but still lied-low because of their poor management.