Binance maintenance, the market lost 25 billion dollars

[SistaFista]

The more the exchange volume trading, the more volume of cryptocurrency will be lost if it doesn't running.
it will be normal if the market volume going down if there are some top exchanges maintenance.
Aside from that, we still can trading in other exchanges, and eventually the volume will spreading across other exchanges.

[shoreno]

This is the problem of todays industry, everybody is likely to panic whatever happens.

not everybody but the one that who panic are mainly the one that hodl huge amount of coins because they are afraid about loosing but to us that dont have a large balances on our wallet  . we can always accept if what ever the fate of crypto will end   .

Binance has a monopoly on the market and if something goes wrong like maintenance/hack or something else, huge crypto market starts to fall, because of a small issue.

there are lots of exchange sites out there not just binance  and not all are using binance  , these people wont care whatever happen to binance but they will only care if their own favorite exchnage have been undergo into some issues .  

[prof7bit]

The more the exchange volume trading, the more volume of cryptocurrency will be lost if it doesn't running.
it will be normal if the market volume going down if there are some top exchanges maintenance.
Aside from that, we still can trading in other exchanges, and eventually the volume will spreading across other exchanges.

On the contrary, I believe that the trading volume in the cryptocurrency market should be maintained at a high level, even artificially. It is very important that on many exchanges we can buy Altcoins with high liquidity and large volumes.

[Crypt0BHunter]

Perhaps it looks like the famous meme "Coincidence? I don’t think"б maybe be CZ knows more than we

[Shadidalam1111]

 I think that because of the problem of offline Binance has caused huge losses to the cryptocurrency market. I think that soon people will come to their senses and switch to Bitmex.

[SirLancelot]

I know Binance is the largest cryptocurrency trading platform in the world, but is "Binance offline" the reason for losing 25 billion dollars of the market?

In years to come, if they have such issue, they would even loose more than that, the losses we are talking of is the profit that they ought to have gotten from the trades that would have happened within that space of time they were down, and binance is not only the ones loosing, there are people that would lose their trade too, those who are using binance platform to trade or have money inside binance wallet and linked to another trading platform.

What binance would even loose would be nothing compared to what all traders would lose at that time, but unfortunately, they can never avoid things like this because there would always be need to carry out Maintenance at a certain point, and because the market runs 24/7 unlike some sites where you have to do at midnight when people are sleeping.

[milandres0207]

I know Binance is the largest cryptocurrency trading platform in the world, but is "Binance offline" the reason for losing 25 billion dollars of the market?

Yes its true, that binance is one of the biggest exchange in crypto business. Now, if binance is on under maintenance it means they are fixing somethings to their platform. But most of the time their user clients got afraid and panic, and the binance platform also loss their volume too if this kind of things happen.