Will it affect you in any way if Binance completely shuts down ?

[Z-tight]

does anyone know a complete list of their investments? I fear that they have a complex list that may intersect with all CEXs, some DEXs, and many services. They have been on the market list for more than 5 years, and this will make them have access or influence over many projects and developers.

We cannot have this list, but surely they are into some of these investments with their customers' money, and this is why centralized exchanges love to encourage people to leave their funds in an exchange, so they can use it in fractional reserve scam. If Binance bites the dust, there is going to be a domino effect, and we would see many crypto services collapse, as well shitcoins too.

Losing funds? I don't think binance would easily escape the fund replacement issue if the exchange really collapses. Moreover, in today's era, insurance to protect funds will be implemented for exchanges like binance. Everyone surely understands that many hackers will target Binance wallets, so it makes sense for CZ to prepare precautionary measures for such potential disasters.

I can see you are one of those who believe cz that funds are safu right. If you lose your funds in the collapse of a centralized exchange, they are lost for good, and if there is any chance you get something back, it would be after many long years of waiting and you will be glad if you got up to 50% of what you lost.

we see that the role of this exchange is very central right now. In fact, many people entrust their bitcoins to this exchange's wallet. People might immediately question the security of Bitcoin at the same time as evidence of Binance's exit, whether intentional or unintentional.

The people who use Binance as their wallet do not know what they are doing, and if they lose their coins if Binance collapse and then question the security of BTC, it is because of their lack of understanding of what BTC is and how it should be stored. BTC is supposed to be stored in a self custodial wallet and not in an exchange, it is not meant to be stored like fiat in the bank, when you use BTC, you are to be your own bank; that is why not your keys, then not your coins.

[Antotena]

Will it affect you in any way if Binance completely shuts down ? I know there will be lot of devastating affects on crypto market of this incidence like bitcoin price will fall very sharply. Many users will also loose funds and some will loose faith on crypto.

I want to share you something maybe it will make you understand how bad the crypto market will turn out if Binance should collapse. Kindly go to Coingecko, at the top you will see different tabs, select exchange and you will see that Binance comes first, that information is nothing but the truth about Binance. You can see that they account for almost 30% of the entire crypto market. If today, Binance collapse, it will do many damages 3 times more than what FTX has done in the past because Binance is one of the most trusted exchanges due to CZ influence.

Even now, since FTX collapsed, some people don't want to have anything to do with crypto, they hate it and see it as ponzi and that was because of the trauma they face after losing all they had in one man mistakes, I am even having some doubts about the next bull run, it might not even come as we use to expect and bitcoin halving pump  might come 2 month before the day as many people psychologically know how it used to end, pump and dump.