Bitcoin Forum

There is nothing short of FUDs in the crypto market especially for big names such as Binance.  Recently there are so many accusations about Binance and even the U.S Senator has inquired. According to Binance's response https://www.binance.com/en/blog/ecosystem/binance-shares-its-recent-response-to-us-senators-inquiry-1968152125579137703 , there are some public misconceptions about Binance and the team had already clarified. When I read the news, the first thing came to my mind was that BNB price was doomed to decrease dramatically. However, Binance US's weekly trading volume reached 41% of Coinbase's (global) trading volume last week, which is an ATH. (Source:https://twitter.com/cz_binance/status/1641728341962096641). At the same time, BNB price is still around $320, showing very little volatility. What makes Binance so strong faced with so many unfavorable conditions ? Please share your opinions.

I think if binance joins the collapse then the crypto market will be greatly affected by this, we know that last year was a bear which was very scary if we added to the collapse of binance, it can be concluded that the crypto market will crash very big, but I'm also confused why btc is still continues to rise when many predict that btc will still go down.

Exactly. We already experienced that when the FTX Exchange fall started last time.  So for me, Binance is far bigger compared to FTX Exchange, so expect that the cryptocurrency market will be greatly affected.
But after all these collapse on some centralized entities in cryptocurrency market, I believe that Binance already know what they need to do and be careful of. FUD is FUD.

Well, in my opinion, Binance has been successful because of their ability to adapt and innovate in the face of challenges. Despite the FUD, Binance has continued to improve their platform and expand their services, such as launching Binance US and adding new features like staking and lending.

Additionally, they have a strong community of supporters who believe in the team's vision and trust their leadership. Binance has also been transparent and responsive to the concerns raised by regulators and the public, which has helped to build trust and credibility. I think Binance's success can be attributed to their agility, innovation, and community support.

FUDs are no longer an effective tool to ruin one reputation. Binance has already been facing a lot of FUDs before but this never affects the trust of the users and investors of BNB knowing that it was not true, they know more about the capability of Binance than those people who spread FUDs.
Binance will keep on growing as long as the community supports and trust this project. Having a huge number of investors and coming investors, FUDs will never work on this platform.

It can be realized that for now they are one of the projects that are quite strong and conditions like Fud are actually quite reasonable for a big project like them.
But on the other hand it's actually good when brands don't have a real impact when Fud happens because if they get hit big it will also hamper the market a bit I think because if binance collapses the chance of damage will be bigger than FTX so of course it's not would be too good.

Right now according to some of the latest news I've read, the SEC is still trying to catch up with Binance but it doesn't seem to be as well-respected as it was before.

Because this is a strong team and they answer the questions asked quite specifically and reasonably. Binance is holding its own and many users believe in the further successful development of the platform.

People doesnt bother with the fud on binance since we all knew that this exchange is the number 1 on all crypto in terms of everything. Legality, volume, and even popularity. Also the CEO is quite wise to answer every logical question the complainers provided him. I must say that CZ is really smart to outsmart some who try to wreck Binance. But dont get too trusted about them they are still a cex market.

I think CZ being close tied to his community makes Binance stronger despite all of the FUD and issues that it has been with. Remember also when they were hacked, they've guaranteed the funds of people are "SAFU" and that's why trust are still with them.

He's also too vocal with their status whether it's bad or not, he's trying to make it look like an easy thing for them to deal with by guaranteeing their customers that there's nothing to worry about and it's like "I got you" statement from him.

Some conspiracies of envy that I think are understandable come from people trying to limit the growth of Binance, I am not a full supporter of Binance but I see that over the years the growth of Binance in the market has brought many positive things. It's fair that they try to develop this market more strongly, not to manipulate the market, maybe many people don't like them because some personal interests want to keep Binance down. Maybe the future replacement will happen, when we know that this market size is too small.

Thats what other people think of him and seeing act as natural, I guess he did have the sympathy of the users within his grasp. Everyone is likely to calm if the person involve acts naturally and doesnt show signs of hostility or fear. Maybe thats make him stronger cause he has confidence thay they arent doing anything wrong with regards to accusation of if ever they did, they are willing to consolidate or compromise it with a healthy reasoning and possible amendments.

Their service I guess. FUDs are simply accusations thrown at a particular thing but it won't mean any certainty. Binance is simply being careful of their service. Think of how an exchanger collaped and they remained with the same d
reputation in this industry. For sure many people in this industry, in particular with investors know how FUDs should be absorbed and taken to benefit from and to not fall from it. I can celarly remember how many people panicked with what happened forming generalization out of this industry or technology. Binance simply remained firm to show how they return the trust from their users. This is why it is not surprising on my end to know Binance is still in the right place at the present.

I think binance is getting stronger every day fud and everything is binace's daily food why can binance survive maybe because binance is the world's No. 1 exchange has gained more trust from its users that's why in my opinion why binance still survives until now if binance falls it's a very big impact for the world of cryptocurrency I can't imagine if binance is destroyed what will happen to cryptocurrency does anyone still believe in cryptocurrency
This is just my personal assumption.

Yes this means that the entire market or community arent that something that could be shaked off with these Fuds specially if this one is really  that been attached with US which does currently have that
Banking issue as we do all know.This is why it wont really be that shocking if the price hadnt really dropped nor getting affected specially with BNB. Why it do stood strong? because people on the community
or entire market is really aware of the situation on which there might be some situations and fud might be thrown off just to make this market go to have some crashes or huge decline
but they didnt succeed this time.This do proves out on how strong the trust is to Binance after all.

Binance getting stronger with the FUDs is as a result of enough transparency from CZ. CZ will most likely have informed the public about an issue before it even becomes a problem and that gives a lot of users confidence in their dealings with Binance.

It's not the first time though that Binance has been in the hot seat and has been pursued by US. Even CZ's own country, China in it's early days have been going after him and his exchange but nothing has put him down.

The thing with CZ is that he is hands on with his project and probably in total control of it and so he is going to face this head on against the US government and willing to cooperate. And you can see that he is responding in his official twitter account. With that, investors see a strong leader, unlike SBF who we haven't heard so much until the collapse and exposing of FTX.

Investors are wiser now, they didn't listen easily to the government's FUD anymore because many knows that it is just an attack to ruin the reputation of the site. It's good that we have Binance who are strong enough to face such FUD.

But again that's a legit case against Binance so it can still affect its platform, maybe whales are just holding on for now but if that case pushes through, we might see the dump on Binance just like what happened to XRP, better to be more cautious from here forward.

I guess it's just that binance is quite transparent in regard of their practice, that's why if instead they could clarify the fud and instead shows their way, it might turn the tides and make them more reliable instead, after all, we've known that binance is one of very few exchange that never gotten themselves into some problem, instead they are trying to be better by learning from past mistakes of other similar platform, when some are misusing the exchange reserve, binance instead disclose it, I guess that's why they are still standing strong despite the fuds.

Greed and the lack of knowledge.  Binamce is well known so once it dips a little there is perceived "value" at those prices if anything else didn't dip.  It will take a whole new bull run for those coins to fleet topped and eventually fade out in favor of others.  But until that new bull run comes coin position doesn't tend to move much in terms of rankings.  But do not kid yourself, greed tends to trump all rational thought.

right guys. binance market is an extraordinary altcoin platform market than others and why is binance market the no 1 best/biggest in the world. The altcoins that are listed on Binance are not arbitrary. FUD or inappropriate news will not effect the binance market. FTX market owners alone are not strong enough to attack binance

Perhaps, it's the investors that didn't fall from the FUD but instead they decided to hold yet so that it won't disrupt the price plus CZ answers all of their questions despite of the FUD. But it's a matter of time the price will change depending on the investors move. I guess they really believed that CZ isn't just like the other perhaps they have others plans that we don't know. It's just all purely speculation we could think and say about it but BNB coin seems like giving a promising results for a long time.

credibility speaks for it self, binance known for it credibility, but I think usually BNB coin didn't really related with binance fud, i mean BNB is now essential for its BSC which right now is rather famous and have many projects running so assuming that, BNB despite binance, basically the company that owns the coin is getting massive fud, if it just some rumour it will just stay strong.

That is the worst scenario that we can think of, specially if you are a perma bear against crypto. It might not be as big as the Mt. Gox heist, because we have a lot of exchanges that we can go if in case Binance will go down. However, I'm not saying that it's too big to fall or what, everyone here can collapse like FTX, but I think CZ is not as tricky as SBF and we can't compare the two personalities.


First the issue is not that big in the beginning, yeah it's just a misconception and CZ has cleared that thing though. But if they needed more explanation, for sure he is more willing to explain it to US Senators or from which US authorities is going after him.

Second, he could have himself surrounded by big lawyers, who might be advising him on how to deal with this lawsuits and litigation form US. That's why he responded swiftly and it has substance.

Third, as I have said, SBF and CZ is very different, CZ will not allow anyone to stop him. He is growing bigger by the day, and this is due to his hardwork, and he won't simply let it go down the pipe just because the US is going after Binance.

Binance is a major player in the crypto industry, known for its trustworthiness and diverse offerings. While recent accusations and inquiries may have raised concerns, Binance's proactive response and clarification of misconceptions have helped maintain market confidence. The market understands the importance of Binance's stability and reputation, which may be contributing factors to its strength. The crypto industry as a whole relies on the stability of major players like Binance, and it is likely that other parties are working to support Binance as well. Overall, Binance's ability to weather negative news and FUD can be attributed to its strong reputation and position in the market.

Being able to see that Binance's leading position in that market is part of the reason why they always encounter unwanted competition. As for the legality surrounding FUD issues, I don't want to discuss them in detail but I think the truth will come out over time. And those who have had faith in the market will always understand that there are things that make people worry or panic, but just looking back at what happened in this market we can see it's a reality is getting stronger and stronger.

The Binance.US is not the majorly operated network. I mean it’s domain that’s limited to US nation and not the entire world. The Binance.com is still doing great and who knows there are internal transfers to another domain due to the fear that US domain may get closed and all the peeps might lose their funds kept there. That’s virtual assumption one. However, moving further one can think about the situation in entirely different way giving it a name of negative marketing. Binance is one of the powerful exchanger, it may happen peeps are just supporting it even more and don’t want to lose its presence from around the world.

They already know how to counter these kinds of a phenomenon and their investors has been trusting them since their success. so FUDS will not affect those who truly believe in Binance. Also, of all the exchanges out there, they are one of the top exchanges we currently have in this era and that would be enough reason to not believe every rumor you hear against them. Because the competition in this crypto market is getting tight and also others that are hostile towards cryptocurrencies are doing everything they can to stop the progress of such kinds of exchanges and any other crypto-related stuff.

I hadn't thought on that, but it makes sense. Specially considering Binance acting as a partner of some others nations I won't discuss eather.


IMHO Binance is too big and CZ too smart, I don't think is goint to fall but I can't say it's impossible

i think binance does have all the documents or authority that could counter the fud against them.
so the reason why binance has survived until now is because of that,not like ftx and luna.

The start of it all is that the government cannot control crypto and still wants to control all the wealth of people who invest heavily. Not a few corporate investors and influencers might even see how easy it is for money laundering to keep the US government going after Binance. As the world's largest market, Binance is the pinnacle of wealth that the US fears impacting the value of the USD. If we have read all the reasons, the US government wants to completely annihilate Binance. Plus the war between FTX behind the scenes is still continuing. Moreover, SBF's closeness to the US government coalition as the biggest campaign donor makes more sense.

People don't care anymore about that accusation to the binance. These days people are taking from what they have experienced rather than trying to take such garbage accusations toward binance. Binance is not only in US. Binance has a global division that has been used by millions or hundreds of millions of people in the world. I don't even care about the such accusation and i kept use binance anytime. There's no doubt to use binance until there will be something shady that will be affecting the platforms.

I may stop if i found that. People will be having the same opinion as me if they were regularly using binance. Binance is the most trusted exchange site in the world. There's doubt about it when there was a baseless accusation like that. You shall not even think if the world was owned by US.

That's why people will not be losing their trust in the binance despite all of FUD that was coming from US regulator. US regulator is always very harsh the crypto. Im not surprised to see that happened.

BNB is a product of Binance so whatever happens with Binance will have an impact with its coin. So far it was only just a FUD that binance is getting and it wasn't confirmed yet if the rumors are true or not, so people should not panic. Like you said Binance is known for its credibility. Their company is known for that for years.

I don't think they will let these FUDs destroy what the foundation that they already built and even if it's not a FUD, I am sure they will take the effort to solve it. Binance know that there are lots of people who are at their backs. This makes them motivated and stay strong despite all the critics that they are receiving.

That is what's going to happen if this blows up. If the price of BNB plummets. I hope it doesn't go to the part where it goes to FTX mode, but I know they have a very different leader at the helm, and I hope it does make something happen. They are a big company, and they have a lot of regions catering all over the world since they have that support from a lot of people, they really are strong in terms of that and can counter that FUD.

They must be doing it right than the rest of the exchange that went down. CZ must have great lawyers advising him what to do to not mess up after all they are playing the long game. Therefore playing by the rules is also essential to them. They have been linked to the Chinese government already just last week yet the regulators couldn't touch them still.

Binance would have been closed already if they have done things differently back when FTX climbed faster to compete with them. He even invests in FTX.

AFAIK, his assets are kept in crypto and he doesn't cash it out. That's what I've read but I doubt it that it's 100% kept in crypto since he has to spend for his trips and everything.

The confidence that he's got is a lot which is enough to encourage everyone whatever he says.

What basically we like about it is that he's explaining things what's happening. But I am sure there's also the advantage on him when he's doing that.

Even the strongest crypto empire can suddenly collapse. We don't know exactly how Binance is really doing. Maybe they try to pretend that they are able to withstand all these attacks, but in fact everything there collapses like a house of cards. Binance can play this role till the end because if holders suddenly feel really threatened, the outflow of liquidity may destroy this fragile ecosystem and Binance will repeat the fate of FTX. I am not surprised by so many accusations towards Binance, for 5 years of their dominance they created so many different schemes, it all accumulated and accumulated, and then the bubble burst and it all came out at almost the same time.

Binance is a company managing a great deal of the whole volume of this market, so it is not going to be shaken by a few rumors, for binance to encounter some problems a more direct approach will need to be taken by governments all around the world.

At the same time you need to understand that since binance is the biggest exchange on this market this also makes it the one that is the most trusted, and you will need a lot more to shake to confidence of investors on binance than what you will need with other exchanges.

for now, binance is very trusted. FUD won't make it fall as easily as other coins. we know that this isn't the biggest problem binance has ever had, and to this day the price of binance still holds up. that's why binance still gets the title of one of the best exchanges available today. It's just that companies that have a centralized system will still get attacks from outsiders, or even from within. we don't know when binance will crash just like FTX, so it's always a precaution for the worst.

It's because of stupid mindset and people get fooled by Binance.

When FTX was accused, many people will move their coins to Binance because any sites list Binance is the biggest and popular centralized exchange. CZ also fool people if Binance is the best place to hold your coins and have SAFU.

But when Binance was accused, there's no centralized exchange is bigger than Binance and people are trusting Binance because of getting fooled.

This is a good point from users' perspective. Nowadays people are more educated than ever and it is not easy to manipulate us simply by spreading some rumors or FUDs. Binance has been attacked by SEC and U.S. government over years. The success of Binance's operation in other places all over the world has proved its trustworthiness among all users. I guess this is the primary reason why Binance still stays strong despite all FUD and accusations from the U.S government. Anyway, I have followed CZ's twitter account and been watching his tweets for a long time. He is pragmatic and very responsive to any serious news and I am willing to give my trust vote to him. Hope they remain tough and grow even stronger.

Someone already said adaptation so I'm just going to add anticipation to that. I think CZ and his legal team has been one step ahead of competitors and maybe of regulators. They may have anticipated that they will be getting a lot of regulatory pressure so they've kind of prepared for that. Putting up Binance US was probably one of their brilliant moves to limit potential damage by US Government agencies.

There are both difficult and good moments for traders, the same thing applies for exchange. Binance is reliable because it never crashes in a single day, but it's also a target for scammers who are constantly coming up with new ways to bring the exchange down. Nevertheless, the exchange consistently produces reliable results and is growing in recognition in the industry. The best broker to use for cryptocurrency trading is Binance. Changpeng Zhao performed well to outperform rivals in the field; not only is he always one step ahead of his rivals, but his team's relentless efforts have also helped.

There is no doubt, Binance is the biggest exchange at the current time and from all indications, the cryptocurrency industry has been in the news for a while now, so no matter what the funds are we must be ready to make an extra effort to check for corresponding information, last week I heard about the binance crisis and I know this is just funds and there expected from time to time since the exchange is becoming more popular among governments officials and other users of the exchange.

While it is true that some investors may become more skeptical of government FUD and its potential impact on cryptocurrency platforms, it is important to consider the legitimacy of any claims made against a platform. As you noted, the case against Binance is a legitimate matter and has the potential to affect the reputation and performance of the platform.

My view is that in this condition it is very important for investors to be careful and monitor the situation closely. While some may choose to keep their investment, others may decide to divest from the platform to reduce risk.

Binance is still the biggest centralized crypto exchange to today and I think they will continue as they are today. I personally have a binance account and I know the risk behind it, I'm using it but I don't store money on that exchange given the risk of it. I just like how easy and comfortable it is to use and the convenient features of it like p2p trading. I still haven't experience any trouble using it and despite all the FUD, I will still use it personally compared to other exchange out there. I know the risk and I think I'm managing it right by not storing massive amount of crypto there and also doing transfers on my non-custodial wallets. I just like the service and that's all.

I know that there are exchange that has a similar features like binance, Yep but I'm not really willing to submit another KYC on another exchange.

while realizing that binance was one of the best exchanges available today, CZ realized that there would be a lot of pressure from the government, as well as other parties as well as some popular cryptos that are getting some pressure from the government and regulations. so I also think that CZ really thought about the steps and anticipated when that happened. This even has a positive impact that causes trust in its users to increase. besides that, we also often see how CZ solves problems from binance and solves FUD in a professional way.

Exactly. I also share your opinion about CZ. He is a great leader who makes Binance grow so rapidly and healthily. His approach of handling FUD and even crisis is professional and effective. That's probably why so many users still support him and Binance despite all setbacks all over the years. Binance would never become successful without CZ.

Trust and reputation.

I think these are the 2 things that making Binance strong and still one of the best centralized exchanges out there. Reputation because they've been one of the best and most popular exchanges right now in crypto space. Trust is I think the main reason why they are still at the top in terms of CEX, and because they're at the top, it's pretty obvious that the authorities will do what they can. If they find a loophole on the exchange, or the owner itself, they will do everything just to put it down. Many users are still using it (including me) because they trusted the exchange more than any exchanges out there. Maybe some find it way more convenient to use than other exchanges.

Binance collapse will have a very large impact on Bitcoin and make many people forget about the cryptocurency market but that won't be the end of the market. Bitcoin will bounce back and rise to higher price but would take some time.

Binance is fighting with legit proofs and many of the FUD are fake been sponsored by FTX supporters or investors that are angry that Binance cause their collapse and want payback.

Whenever they have a valid proof that binance exchange or the CEO is guilty of if the accusations against them, they'll go down as other centralized exchanges has gone done in past but the market will survive as it usually does.

Binance was able to hold and surpass the FUD factor from the high level of trust, the trust of users in the BNB ecosystem  is huge, similar to Binance.  As a result, the BNB price barely fluctuated as Binance and CZ kept having trouble with FUD, which is proof of trust.  To be the #1 centralized exchange, Binance is used to that and that pressure is their strength.  To be so successful, they accepted that fact and FUD as a part of their companion.

Binance is the largest exchange in the world, it is in first place, its ecosystem is fairly complete and its trading valuation is also very high compared to other exchanges, and of course they have a proof of reserve as a unit of trust for their users for liquidation.
Apart from that, Binance has indirectly become the pride of the market and the icon of the greatest trust in every crypto market, so that even if a problem occurs, there will always be many who will defend Binance because if left unchecked, it will definitely cause terrible natural disasters on the market.
Fuds no longer significantly influence the market because almost all investors are aware that the SEC is fighting crypto adoption which is growing day by day, and its main target are exchange market providers who are meant to provide fear.

They are the monopoly of cryptocurrency trading so people still need to use their platform despite of all the FUDs, regulation issues, etc still they are holding the majority in the trading market so the coin also holding the value along with the brand reputation. BNB also made developments unlike other exchange's coins so its completely different from other shitcoins.

That is why I think they did co.uk version too, to fend off any attacks from England which we are pretty sure would have happened, I say England and not UK because lets face it, scots and Irish and welsh have nothing against binance, it was just English government.

I have to say Binance is too strong global to care about just America as well, us government can do whatever they want but that doesn't change the fact that they are still growing in big numbers outside of USA which means that even if you banned it in all of USA, binance would still be at the top. Isn't that what makes it so powerful? No nation has a single hand control over it and won't ever have it.

as you said if there is a public misunderstanding and the team swiftly clarifies. Currently, most investors are smart and don't easily believe in FUD without clear data, moreover only FUD is in the form of conjecture. I mean what caused Binance to be strong against FUD is because the public has enormous trust in Binance and this trust was created because the team was quick to provide clarifications when there was a public misunderstanding.

Because Binance don't care about it and they don't waste its time answering the issue which is not true instead, the team continues to improve as it serves its counterattack. That is why investors are still calm without thinking bad things gonna happen and of course, why they should worry as they know that Binance can be trusted despite the issue connected in the first place.

Well, honestly, Binance had already gained trust which is why no matter how many FUDs come, people remain trusting this project.

It is not that Binance does not care about all FUDs but they just respond to all rumors in their own way, especially by updating what they are doing and what achievements they have made. If you read CZ's tweets often, you'll find that the consistency of updating progress gives users enormous confidence and thus gains their trust. Through all the efforts, we can see their commitment and competence to operate Binance well, which is a powerful proof to clear any FUD. They are really doing great and we should look up to.

I think One of the reasons why Binance has been able to stay strong despite all the FUD (fear, uncertainty, and doubt) is because of their anticipation and preparation for regulatory pressures. CZ and their legal team may have been one step ahead of their competitors and regulators by predicting they would face regulatory pressure, and as such, they prepared for it.

Maybe its because we don't care? I mean there is technically nothing that Binance can do to keep the BNB price high for example, sure they can spend a bit, but they can't spend all their money on keeping BNB price high. So they need the public to not care about all these FUDs in and not sell their coins. Which is something we are doing and that's why the price is staying strong and the company does as well. Look at all those who talk about Binance and tell me a reason why I should believe in any of that and sell, its bunch of fake news to keep bnb low and I am not going to be a part of it.

I can't imagine what cryptocurrency will be like if Binance is destroyed who can be trusted anymore but Binance has still survived to this day with fud. It's common with Binance. The reason why Binance is still surviving is because Binance Exchange is No. 1 in the world based on Coingecko. Many people put their trust in Binance, including me. don't be consumed by fud and what is broadcast on the media binance has a strong community and some people keep their assets on binance stay safe do your research first

Binance has become a huge company now that pretty much everyone knows that is interested into cryptos. Therefore it is not really a surprise, that Binance is more and more in the focus of attacks from all possible directions. Influencers that are spreading ridiculous rumors and of course also legal issues that are forced upon them from the authorities. To be honest i also expected that the BNB price would drop sharply when i read that news about those investigations but somehow the price of BNB stayed almost at the same level.
This just proves again, that crypto is just to big now, that one news would make it pump or dump in a meaningful way. We are not in 2017 anymore.

Not actually people don't care because every investor does but these FUDs are not enough to change the faith of these investors and think about the negative future of this project. In fact, the government is a great enemy but because people are already that they are just throwing nonsense issues against Binance, they lose. But surely this game is not over yet, many FUDs will come and challenge investors again so we still be cautious and become updated on the situation - and putting FTX as an example.

^That is how the business will run, there is always competition on each side and sometimes we don't know they are creating FUD on their competitor just to shut it down and just like what happened to FTX, remember that CZ is one of the reasons why they shutting down. Binance has been able to stay ahead of the curve and mitigate the impact of FUD on its business. CZ's proactive approach to communication with regulators and stakeholders has helped to build trust in the Binance brand and foster a positive reputation within the cryptocurrency community. As the regulatory environment continues to evolve, it will be interesting to see how Binance and other cryptocurrency projects continue to adapt and respond to changing demands and pressures.

Trust is something that should really be needed up to be strengthen out when running a business on which it did really shows on how Binance do withstand those fuds recently and even into those times

where hacking incident happen which they do able to bare it out and still intact with the confidence and trust of the entire community. Why? because they do simply know on how to handle up the business.

If these are those other exchange platforms or companies, then  they do have long time gone and been replaced by something new since people would easily flock
out into other places.

Maybe because Binance has more strength and support from various sides and aspects. As we know that Binance has various projects or features in it. Not only that, Binance also has acquisitions of several platforms, one of which is a large platform. So that FUD spreaders will probably still have a stronger influence. Binance's current big name may be more stable, strong, and also influencing.

FUD has been a part of Binance for a long time but this top exchange was able to deal with them. Despite the hacking issues previously, Binance handled and fixed the issue the proper way so no wonder why lots of users still trust it. It has been providing a good service for a long time and I must say that it is well established in all aspects and is strong enough to deal with FUD.
Compared to other sites, Binance is user-friendly and user-friendly which is accessible for both new and old traders so it will always be the top preference.

They're quick in attesting with those matters that's being thrown to them by the regulators. Their responsiveness is what makes them less of the pressure that they're receiving from them.
And aside from that, that means that they've got a good legal team that works perfectly wherever they are, since they've got operations in many countries so that's a credit on them.

Besides, they've got enough source to counter and provide what's needed for them to answer, support and defend themselves from those issues.

It's because there are still people believe in binance and that makes binance keep its traffic or how many people are using their services they can offer to their clients. The team and owner is quite quick in solving some problems like what happened to binance not too long ago.

Binance has done everything that it could to gain the trust of the community, and I must say they have done a good job, however governments are not happy with the progress this market is showing and the fact that it went up after the economy began to show some negative signs has attracted their attention once again.

So they are trying to once again attack the market and the biggest target is binance by far, as if they could make it to fall then a long period of instability will follow and affect the market for months or maybe even for a whole year.

Binance would't be on top if people don't trust this exchange. It is actually the most trusted exchange these days because of the volume and number of coins listed on it that keeps good traffic. I agree that they sustain a good support system and they quickly solve issues no wonder why traders trust it the most. I believe that Binance will remain on top if it will continue to show good service and performance despite the issues and FUD that it has been facing.

Binance is in the hands of the right people, who continue to build to grow crypto, FUD is here to stay forever, Binance is well established in a market that has experienced a lot of all kinds of fud that exists and will be a very big problem in the crypto world if they go bust.

if they somehow eventually become bankrupt, due to some reason, I'd say it's gonna be causing massive chaos, binance has always become the gate for newbies in getting into cryptocurrency investments.
we all know that binance got some really good education resources and they are being consistently used by newbie, there's reason their liquidity and trading volume is huge, but the thing is, if they somehow went south, which of course they have the chance to be just like that, surely cryptocurrencies in general gonna be losing so many of its value, binance right now has owned so many big companies under their umbrella that I think their collapse gonna be triggering chain reaction.

I think spreading bad news or wrong news about Binance is not enough to make Binance's reputation bad, in my opinion the FUD that is being spread will not be an effective tool to damage a reputation like Binance. which keeps them strong and continues to grow because Binance has a large supporter or community and the binance team has a clear mission. this is why binace survives

Well, loyal supporters are immune to FUDs and this of course helps Binance stay strong but the concern is from those non-loyal supporters who are simply the opportunists. If the allegations by the U.S government are true, Binance will face severe economic loss and reputation damage. Those opportunists will be most likely to walk away from Binance and this will cause the BNB price to drop dramatically and may cause a series of more collapses. If Binance can go through this tough time, its development will move onto the next level. Good luck to them.

Well I have use Binance exchange for a long time. It  has always been my preferred Crypto exchange. It will make no difference about the fud I read with cz or fud it will close down.
When they bought trust wallet I became more confident my alt coins would be safe. I keep most of my alt coins in trust wallet and have ever since it launched in 2017. I feel compared to some others that it is just much safer with Binance and the good history it has.

money + management

a very short answer but that's the reason why binance sustain its market position. also, with so many hullabaloos happening in this market, for sure, CZ already addressed those possible sources of allegations towards them. i can say, CZ is one of the top personalities in crypto that knows how to handle this business. now that they have their own resources, they can easily rectify what needs to be done before authorities keep on digging their existence.
they are already earning good money, so why not do things right so whoever will lurk around their system, it is already in place that they won't find any reason to sue them.

Trust wallet and Binance are two different services.

With trust wallet you can keep your altcoins there but it's a different story if someone still keeps on keeping their altcoins over Binance exchange. Binance truly has a good history and not just that, they've been witnessed on how they handle such situations.

Like when they were hacked and with all these fuds, I guess even not a fan of them will say that they won't be falling down that easy.

I agree, because binance is one of the biggest exchange right now and of course if binance exchange lapses, then that's a bad sign for cryptocurrency and Bitcoin price continues to increase, because Bitcoin is on recovery and if market conditions continue like this, then it's very possible that a bull run will occur in the near future.

Perhaps the quality of the overall exchange against the temporary FUD is what keeps the exchange even more stronger despite all the cheap attempt to bring it down.
They say falsehood does not stay long before truth overcome it. If binance was truly all what most of the fud has described I doubt it will survive this long.
The foundation of binance is strong so there is not enough falsehood that will bring it down except with very convincing evidence.

A temporary bad sign because that will eventually go. We saw the collapse of FTX and other exchanges but bitcoin and the crypto market is still here.

That's why don't generalize that whenever a big exchange collapses, you think that everything will be the downfall of the market includes bitcoin. It might be but only for temporary because eventually, we've seen how the market has recovered from many of these situations before.

Whether it is a small or big exchange that will fall and will be said with FUD, it is a fact that can move the market a bit but not permanently.

It is a simple answer, no real competition, FTX is dead, Houbi, OKX, and MEXC  name it, are no match for Binance, CoinBase has issues, good for US citizens but Asians and Africans don't trade there, Bifinex and Bitmex are ghosts of what they used to be. People better pray that Binance remains standing because I don't see any exchange that can fill that role for now and if it falls it will set the whole space back years to build another exchange of that value

With this statement you have already your answer , and all those has big names are facing this same case.
not even Binance and other platforms that serves crypto users.

this certainly explains everything why Binance stays stronger than before

https://i.imgur.com/q346QTK.png

they can throw stones here and there against Binance , but surely ? unless they will sue without proper cases/law then Binance will never fall that low.

are those explanation isn't enough to address all their concerns?

^ CZ is already skeptical to what Us regulators and doing whether they are really up to make a definite regulations on crypto and Binance seem to be political tool already. Even if US senate call for CZ , he will not appear to a hearing. Thats why he is in hiding.

Binance is close to too big to fail company and as long as CZ can dodge authorities, he will hide and Binance continues to gain trust.

Regulation is not new in crypto but is binance not regulated yet? Not appearing to a hearing has some certain consequence and that was very unprofessional as a respected person in the crypto space. He don't need to hide but he can just face this and know if what is really the problem so that the issue will come to an end. Hiding will only look like he is guilty on what is being accused to him.

Binance is not close to too big but it was already the biggest crypto exchange. It does not mean that they can't fail anymore. Just look at other big crypto companies before Binance. They are now gone. Dodging the authorities doesn't look like a cool move and this might affect the people's trust towards them.

But Binance has lost a certain segment due to the need to impose sanctions on citizens of a number of countries. At the same time, other exchanges are more loyal. We all forgot about Bittrex, Pholoniex. But they were one of the first. Of course, Binance is now a kind of monopolist. And before the shocks on it were reflected in the market.

the answer to that question in my opinion lies in the fact that binance is an exchange where its owner CZ never hid himself, on the contrary he was always active and always solved problems without hiding his face, this in a market where people they were anonymous because they were afraid of governments and it was easier to be anonymous because when the exchange went bankrupt it could easily disappear, so see the big difference is in the fact that CZ is not anonymous, even if they say something negative about binance, its owner is CZ he comes personally to answer questions or problems when the public has a problem

just see that the owner of binance also created his altcoin BNB and acquired coinmarketcap and see that he has improved a lot since he bought it in 2020, what has happened to other people who create exchange and how they hide because they are afraid to face the governments and people when something goes wrong then exchanges are not trusted because when something goes wrong they will disappear. we also have to take into account that CZ has been in the exchange market for a long time, he has a very high level of experience, it makes sense that people trust him more and not let themselves be shaken by any negative news

It's true that Binance has been facing a lot of scrutiny and accusations lately, but their response to the US Senator's inquiry shows that they are working to clarify any misconceptions. Binance's success could be attributed to their strong user base, global reach, and diversified offerings.

It's also worth noting that their Binance US platform has been performing well, despite the regulatory challenges. The stability of BNB's price could be a reflection of the market's confidence in Binance's ability to weather the storm. Ultimately, time will tell how these challenges will affect Binance's long-term success, but for now, they seem to be holding strong.

because Binance is one of the best altcoin at the moment and has popular projects (blockchain, exchange, launchpad/launchpool), so that's what keeps Binance strong and many people still support Binance (invest in Binance for the long term and make Binance can survive until whenever).

Binance is the exchange, and BNB is the altcoin that they've got. And yes, they've got enticing projects that's making the rounds on their exchange thus, made them one of the most popular exchange out there.

You invest in their coin and not in the exchange itself. You invest in their BNB and that's if you believe that they've got a successful project and exchange running for which it's truly visible that they've got a known exchange and many traders and investors are going there. Their launchpool and other features are getting a lot of liquidity and that's why many chooses to keep their funds there and let it alone work for them. But, that's not an advisable thing if that's the only fund you have. Always remember to only do that with the amount you afford to lose because "not your keys, not your coins".

Binance's success can be attributed to a combination of timing, user-friendly interface, security, innovation, and strategic partnerships, which have allowed the exchange to adapt and thrive in a rapidly changing industry.

But to be honest, I think it's the Strategic partnerships that led  Binance to be this big and strong. Binance has formed partnerships with other companies and organizations in the cryptocurrency space, such as CoinMarketCap and Trust Wallet, which has helped to expand its reach and increase its user base.

It's true that there's been a lot of FUD surrounding Binance lately. While we're discussing strong platforms, have you heard about the XGo Referral program (https://support.xgo.com/hc/en-gb/articles/6329650897053-how-to-refer-a-friend-with-xgo)? It offers an opportunity to earn bonuses by inviting friends to join XGo. Despite the challenges, Binance  and other platforms like XGo showcase the community support they continue to receive.

Everything will be ok, Binance has so much money much of which is earned dirty, it is surely soon everything will be ok these news only serve to sell your bitcoins ... They are old stories not sold hold on. You'll thank me later

The matter actually happened much like this.  Because people have to use centralizer changers to exchange currencies and among them currently Binance has gone to a position where people are not getting any other better option for investment or trading and I think that's why people depend on it despite the various fuds it has. Meanwhile, since the FTX crash a few days ago, people can't trust anything other than Binance, which has also become a plus point for Binance. But besides Binance, Coinbase has developed a good reputation. I think if Binance fails for some reason, then Coinbase will stand in its place.

Have you considered that both Binance and Coinbase are currently dealing with regulatory challenges? This is surprising because we have seen other exchanges, which are not as large as Binance, comply with regulatory authorities. I believe that if Binance or Coinbase do not address the ongoing SEC issues, some of their investors, especially those in regions like Canada where Binance no longer operates, may switch to alternative exchanges such as Bitget, which offers comparable services. Binance needs to develop a strategy to address this issue.

because people still believe in Binance and of course the community from Binance is very strong, so investors don't really care about the fud that is happening on Binance, especially now that Binance has the biggest exchange and the best blockchain, so that's what makes investors trust to invest and hold Binance for the long term and I am also one of those who believe to investing in Binance.

Binance is good in setting the emotion of their users and that's why whenever there's a ruckus made by them or by someone outside their affairs, they're able to control the crowd by setting the mood and assuring that everything is fine. That's why they're able to celebrate their milestone and how long they've been right now 5 years? That's already a long span for an exchange knowing that there have been a lot of troubles in the market and problems that they've faced.

The fud is getting more intense and it's never good for Binance reputation. If there's one thing we all know in this space is that monopoly doesn't thrive here so the earlier they brace up the better for them, especially with other top rated CEXs like Coinbase and Bitget now offering a lot in terms of security and general crypto trading experience.