Bitcoin Forum

Luna goes bust
>3AC goes bust
>Voyager and friends go bust
>FTX buys it
>FTX goes bust
>Binance buys it


Who will buy Binance 🤔  if they go to dust 😔?

It is hard to say. But I reckon there will be a few more exchanges to go before that happens. Binance has been immensely popular. It grew fast, basically when there were few other options. However, even though Binance is an important company in the crypto space, it is far from irreplaceable.

Who will buy Binance? Probably someone with a lot of money. Perhaps Musk?

It's just one of those things where you sit back and watch as things unfolds. There are many companies or people that are more than capable of buying the exchange. I wouldn't be surprised if some banks or Governments make an offer someday.

maybe a new exchange, which can fight binance, as we know binance is the biggest exchange right now, so if anyone can beat binance in the near future or later,  that exchange will buy binance assets, we don't know in the future everything can happen in the world this crypto

The recent bit if funny thou. How shall we now refer to the once popular Blockfolio app? Will it now be Binance (formerly FTX(formerly Blockfolio app))?  :D

What comes around goes around. Time will prove us right here, or wrong. Things change so quickly in crypto. Look how fast FTX sunk.

Relating this in a centralized exchanges like bank, a group set of individuals come up and get united and develop their personal bank and fund it to start operation, so therefore I'm of the opinion that individual one or two person's can combine and by binance, so i think that op doesn't know or understand it in such narrative that two person's can pair and own a binance due to the status of their capitals or funds.

No one will buy Binance since there's will be a top 2-5 centralized exchange that people can still use, so they're doesn't must need to use Binance in order to trade their coins. When Binance will bankrupt or get hacked, most people will withdraw their money to avoid losses and the rest can't withdraw their money since Binance block it. This will make most investors on Binance is losing confidence and they will hate Binance.

Anyway, if Binance is collapsed, it's not the end of cryptocurrency, because centralized exchange is very vulnerable and has low security.

Without a doubt this market can survive without binance, however if it collapsed the effects on the market will be massive and the problems this will bring to investors will be huge.

After all if there was no individual or company interested in buying it then it will face bankruptcy and then the people which were unable to get their funds out of the exchange will have to wait for years to get a part of their funds back, so I hope they are as solid as they claim to be as the market is already very weak thanks to the collapses of Luna and FTT.

 - What do you mean by this dude? Do you think the Binance owner will sell his exchange that is among the top 5 in the cryptocurrency industry? If I'm the owner of Binance exchange, it's not stupid for me to do that, sorry for the term.

Think of the millions of dollars that are being given to me every day and then I will think of selling it, if you think of it as common sense you will not do that. Also, just think how many times the hackers entered the Binance exchange, all of that was passed and it was recovered.

No one will buy Binance but it will be done and dusted when we see the rise of the decentralized exchanges, to be very true, I am feeling afraid of these centralized exchanges. What just happened with FTX, we cannot trust any exchange. I only hope that FTX opens with withdrawals soon FTX Scam : Unable to withdraw (https://bitcointalk.org/index.php?topic=5420041.msg61261928#msg61261928).

Also if binance buys FTX, don't you think Binance has become too big for the industry? You will feel scared if you see the magnitude of binance and their impact on the crypto world.

Please don't make binance too big that it becomes a threat to the crypto world.

FED who else has the power to print a lot of money but the FED. Even if binance will be worth 500T,  the FED will have no problem buying it if it even happens that it needs bailing out.

But I doubt Binance will go belly up, no one kills the one that manipulates the market. The government of China is probably watching Binance all the time waiting, grabbing the data coming from Binance is an asset for any government.

Many will have a lot of interest to buy binance if ever they did go down. I must thinking Elon could be the qualified and who has capability to acquire Binance. But its not a question of who cause theres a lot out there can purchase it. But the question of how, cause its quite impossible for Binance to go down yet and not in this time of bear.

That's the point. Will they ever go insolvent that would push Chang to sell? At present, they are the world's largest crypto currency exchange and according to market cap, is valued at $19,014,856,231 and it's still looking to go up.

 FTX couldn't stand the storm and cannot be compared with binance and this action by Chang Zhao just reminds me of how operations are done on the food chain. The weak ones get eaten up by the stronger ones. ;D

You are all making it look like CZ did a very wrongful thing, can anyone tell us a better solution than what CZ did? I think we got saved by this wise man, if CZ doesn't come up with this plan things will get more ugly for the whole crypto space.

If you don't know what FTX did maybe the picture below might help a bit, I believe that the blow would have been 3x of what happened to Luna.

https://i.imgur.com/eTWfZ0m.jpeg

The owner of binance has developed a very profitable and effective business model that can last for many, many years, you know that the owner of binance also owns several things, I will mention just one of these several things, example:

https://coinmarketcap.com

He also has his excellent altcoin which is BNB

so he will not sell his exchange knowing that this cryptocurrency market is still a new market that is not 20 years old, it still has great potential to grow and even when governments start to create laws on exchanges and the cryptocurrency market the binance owner will not need to sell binance because he has money and can pay lawyers and comply with laws.

Now about the exchanges that were a franc, the reason is quite simple:

create things based on copying other people's ideas, they don't have the determination and willingness to work to make the things they created a success

Yeah! just like our local exchange where they managed to successfully sell it to a new owner but I don't like their way of managing the exchange right now it is as if they were some strict Bank where they just simply easily terminate their user without any warning. This is the problem with the new owner and I hope that Binance won't be like that if ever they gonna sold their company because it is really hard to look for another convenience exchange especially when you reside in a place where everything has always a restriction.

It could be elon musk who will buy binance!

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Who would have thought that the end of the FTX exchange would be like this? Although it seemed to be a successful business, when its rivals decided to bring down, they found a way to do so

I won't be surprised if the same thing happens with the binance (improbable not impossible), it's just a game of money, whoever has more money is stronger.

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If he was really concerned about his loss, he should have accepted Almeda research's offer when they were willing to buyback at $22 in OTC market. But he refused it. You know why? the real purpose was not to save from loss but to kill the competitor.

Not sure who is going to buy Binance, but you have to think about it, will they go insolvent? I mean they are the biggest exchange right now and there are a lot of investment that CZ does, so I doubt that it will go bust in the future.

Just look at what they did, they just buy out FTX, their competitor. And besides, CZ seems to be a good businessman as well. So no doubt that he will do everything in his power to let his Binance and BNB afloat and on top of the food chain in this crypto market.

What can make Binance exchange go to the dust? Is it hacking or CZ lost control over it? Nobody has the answer up till it happens. The
certainty of binance exchange been sold to anyone is not far from happening soon
Can you imagine what the offer will be like in trillionons of dollars for CZ to think of selling Binance when he doesn't want to. The chances of CZ selling Binance are very rare as it stands now. He's even considering buying a bank to add to his existing investment

Watch out for Elon, he can afford Binance and probably he will save that biggest crypto exchange and dominate the whole market again.
Binance is pretty solid though, they have back up plans and their SAFU are still intact, Binance going into dust is like having a whole bad faith against cryptocurrency. Binance will grow more as they continue to innovate and with the plan to buy FTX, probably the share of Binance in the market will grow more.

Elon is the first one that I have thought of. But if this is going to be the new trend in the competition of exchange then I'd be scared to see a monopoly on it.
Since CZ started it out, it's possible that the other bigger enterprises and exchanges would do the same thing in terms of business availability and expansion.

The platform is built, their system is okay, the support is always ready. I think there will always be a buyer for such good businesses.
It doesn't need to be one human being like Elon Musk. It could be a group of whales or those who really invest in this kind of things.
Let's just take CZ as an example of trying to buy FTX, is it really just him and his company or are there other stems connected to groups of people who would buy a share? The circle of rich people is broad.

Binance has been a great platform for trading and other cryptocurrencies related activities, the capitalization and worth of the exchange has grown over the years and as it stands, binance is the largest cryptocurrency exchange in the world. The founder has invested substantially in several cryptocurrency platforms and this has made the exchange gained momentum and recognition in the cryptosphere. In a circumstance where there is need for change in ownership, different players may need to pull resources together as binance is a very large platform.

Hahahha but Mr. Musk just buy the twitter it not gonna buy Binance at short term. :D

Binance for now is very strict with their system maybe because there is some CeX collapse like MtGox can be examples that why their always using SAFU and Proof of asset as their shield to guard their customer

Binance is one of the largest cryptocurrency exchanges in the crypto arena, I don't have the slightest expectation that this platform can go bankrupt one day, because the platform team has a systematic vision and already have strategies, funds stored, and great partnerships that can help in emergency situations, but if Binance goes bankrupt this There is no doubt that a disaster will happen in the crypto space, and no one will buy Binance except Musk, as he is the richest man on the planet interested in crypto, so this will be one of the biggest deals after Twitter.

It's tough to think that Binance will be forced to sell but we never know what's going to happen next. Did you ever thought that FTX will go down like this? I didn't expect them to make poor business decisions by putting the company's money on illiquid investments. One wrong move by CZ and his empire would crash as well. Not to mention the possible regulatory pressure that would leave him no choice but to let go of Binance.

I guess elon gonna hardly take ownership of these kind of exchanges, I think even though he's very rich but he definitely has the criteria of the business they he definitely wanna owns, and it's like twitter where there's so many potential left yet isn't being taken advantage of by the platform, then elon comes in and acquiring it with the vision of using that potential to its utmost, I don't think this is the case with binance.

I have a strong feeling that CZ wouldn't dare to put on sale his exchange and it's most likely he's going to do something about of the token. You guys think he's not ready if there's something bad going to happen to his business he's just gonna sell it?

Let's just guess and wait till things getting unfold but if CZ would sell it to the government or Banks, I think we better find a new exchanges in advance. I really hope CZ is ready about this since crypto market is always unpredictable and risky.

We dont know on whats up into his mind whether he had some back up plans whenever things turns out to be shit or does have those hidden intents on why he had been buybacking those coins.

Who would buy Binance? pretty much sure that he wouldn't let it happen on where he would be ending up on the one who being bought.

Its hard to make out some conclusions when it comes to future of anything.For now then its best to deal up and always be mindful about having that risk management.

DO you think cz would be so dump that he will allow Binance to go burst? CZ is a wise man that knows what he is doing and he would not allow anything like such to happen to his exchange. Move over Binance is the biggest crypto exchange in the whole world with strong team supporting it.

Let's watch what could happen to Binance because I we all know that Binance had been hacked before and now it is staying strong and focus. Binance had finally take the decision and bought FTX and I know CZ will buy more if he has any such competitors coming his way.

No chance for a new exchange to beat Binance. Even those top exchanges cannot beat Binance, so why a new exchange to beat Binance? It is something impossible.

I don't think there is an exchange to buy Binance assets, CZ won't share Binance assets.
The possible thing is that there is a bad issue related to Binance. It may be about the services on Binance or about the BNB coin itself. However, I think CZ can deal/handle with any issue related to Binance and BNB coin.

I guess if he's come to the point of wanting an exchange then he can do that. He's partnered with the purchase of Twitter together with Binance as CZ has said that they've invested in that acquisition. That's why by having that, he's got already the connection to one of the biggest and leading crypto exchanges in the market. Who knows if these rich people would come to joke that they wanna take over about the operation then Elon can do that easily.

I know this was a joke but I won't be surprised if Elon musk comes to Binance rescue anyday they have an issue with withdrawal as FTX had some days ago and resulted to the CEO wanting to sell the exchange. Binance had heavily invested in the right places and that's something FTX wasn't doing instead they were mismanaging their funds. FTX wasted money in sponsorship that had no impact on the growth of their exchange. Binance invested in twitter and Elon is a very close friend of CZ so they can get into some partnership in future if binance was to need one.
Binance also has ties with China government as billionaires from that country could help CZ out if he get into some money problem. The Chinese never abandon their own unlike we the westerner.

Binance currently dominates the market and has the largest market share, I don't see a problem with them right now so they have no reason to be liquidated like FTX. FTX was not transparent in its investments, they themselves became greedy and forced CZ to sell all his FTT tokens causing market panic.

Yesterday when Binance announced the acquisition of FTX, I didn't believe it because doing so binance would be sued for antitrust laws and would be investigated by the government. In the end, everything didn't happen and FTX was liquidated today. FTX has officially suspendedwithdrawals and there have been rumors they are filing for bankruptcy.

Binance and all the others that you named are not at the same levels. Binance won't go bust, but even if somehow it does then there are no people who could recover that all. At the end of the day, Binance knew what they were doing with this FTX deal and even though it may have looked big to many people, FTX was tiny compared to most other places and that is why them bankrupting and going down didn't hurt the market too much.

Everyone acts like there is a huge crash and we are dying but a daily 10% drop is nothing in crypto, it is very common, hell we are still above 18k which we were here just a few weeks ago anyway so it is not really a big deal at all and should be seen as normal.

Fortunately, Binance stopped buying FTX and this deterministic flow was broken at the last minute. :)

https://twitter.com/binance/status/1590449161069268992

We all have to admit that Binance is the highest quality centralized exchange in this ecosystem, but we should definitely not trust centralized exchanges. The problems that FTX and other shit exchanges are experiencing may one day be experienced in Binance. We must take our precautions and always be prepared for problems.

if that's the situation now, there must be more popular exchanges before Binance turns to dust. but now we can see how popular the Binance exchange is. he is gradually buying companies and partnering with local exchanges from several countries to develop and support Binance. Binance is so strong in the crypto market right now, it's hard to see a competitor any time soon. but that doesn't make something popular lose everything.
if anyone could buy Binance, I think he was the one who bought Twitter and fired some of his employees on his first day on the job. but I don't expect it to happen to Binance, because if it does, it means something bad is happening in the crypto market.

I'm sure Binance will be a great exchange for a long time. They are always innovating and creating new products for their customers, I don't see them faltering anytime soon.

The main problem here is that we are at the bottom of a “bearish cycle” which means crypto will generally go down until it starts a new uptrend.

Yeah there's always a big fish in the tank ready to eat the other when they get the opportunity and this time Binance is coming forward and all this happened because of it only and you know the big game there.Binance has much more liquidity then FTX and if they also go down if someone come forward or not people will loose money as they have in this scenario.

Elon Musk is not that almighty as people see him. He has bought Twitter with the help of other campaigns. He has spent those $44 billions not directly from his pocket. By the way, Binance invested $500 millions in Musk's Twitter purchase for example. In fact, Musk seems to be not much interested in cryptocurrency lately.

I dont think someone would really be interested in buying Binance. Because no one would consider selling or, if there is intention to sell it, then there is something shady with it. No one would sell such a profitable asset.

It's funny how people always think that Elon is interested in crypto, I never thought he bought twitter because he wanted to take doge to the next level like everyone thinks. He is a billionaire and his fortune is from his existing business, he is managing 5 different companies. Surely buying twitter would be a huge boon to his business and he had his plans in place before making such a big decision.


Yes, CZ is one of the monuments, makers in the market and he is also the richest billionaire in the crypto market. There is no reason for him to sell his empire, the market share of Binance is taking the majority of the market. The future is unpredictable, but now the remaining opponents are very difficult to beat binance.

Why shouldn't it be like the other tech companies? Look at google, facebook, amazon and all others they keep on buying smaller and smaller companies to grow their own company. I wouldn't be shocked to see crypto companies start doing that as well, if you are an exchange then you could end up buying out smaller and smaller exchanges to grow your company and keep on being higher and higher.

Plus, this works out better for them too because it means they could end up with more people putting their money into wallets there too. So, I would be lying if I say that this is the last time I am expecting such a thing, there is a high chance something like this will happen again.

I doubt. Elon may be an eccentric person and all, but buying Binance is so out of the picture. Like you stated, Chang seems to be doing just fine and if ever there was a company that would have needed saving, it would have been FTX.

 The dude's got a lot on his plate, what with him trying to make Tesla's market value be higher to that of Apple and Saudi Aramco and also, he hasn't recovered his money from the Twitter purchase. Come on, give the guy some space. And the operative word here is 'if'. As it is, Binance is not looking to bite the dust any time soon.
 

It's a very difficult question to understand. There's no way the owners of Binance had the idea of selling it. Instead, they (Binance) have started to strengthen their security system so that FTX problems don't occur on Binance.

Can't imagine if Binance crashed. Almost all projects in crypto use their network.

Elon spent so much money with his Twitter purchase that I doubt he has any more time to try to deal with anything else at the moment, especially since it seems he is having some problems with Twitter.

Besides it is better to not even think at the moment about a possible collapse of Binance, because if that happened right now when the market is so vulnerable I do not want to think how much deeper the current crash could go.

Let us also remember that it did come from dust.
As long as CZ remembers that he won't be back there. Let's just say it will, at least he also knew how to get back up. That's the perk of starting from scratch, you know the feeling of the impossible being possible. You will be hit hard while going up but you will need to break all those walls to go thru.
Unlike other exchanges with rich investors backing them up, those kinds don't last long because they want to claim their capital in a rush.