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Author Topic: What will happen to Binance?  (Read 769 times)
Sayeds56
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September 14, 2021, 02:34:36 PM
Last edit: September 14, 2021, 03:13:06 PM by Sayeds56
 #81

I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.

I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal  issues and eventually come out clean. The main issue is  leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.









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afroza83
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September 14, 2021, 06:03:27 PM
 #82

Thanks to a wave of disgruntled customers and enthusiastic regulators, Binance has been garnering all the wrong types of attention over the past 24 months. Around the same time, German watchdog BaFin issued a warning to the exchange for offering securities-tracking digital tokens without publishing an investor prospectus.
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September 14, 2021, 06:09:16 PM
 #83

I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.

I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal  issues and eventually come out clean. The main issue is  leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.
They all have the resources, with how successful binance now money is no longer a problem for CZ and his team, they can use all this money to protect their business and to go out clean with every issue that's been thrown to them.

I see your point and if it's needed for binance to comply with that, removing Margin and Future trading is not hard for them.

It's more important to let crypto traders to continue using their services. Trust coming from investors is being established.
it's a long-term business that CZ will take care not to let anything bad happens.

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Hamphser
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September 14, 2021, 10:09:41 PM
 #84

I am not aware of these issues and I guess many of us here, there's too much at stake for Binance and for us as well, Binance is the number one exchange in the industry, and the majority of us here are trading there, besides the many products and platforms that they are using, I don't see a community now with Binance out of existence, I hope they can resolve these issues, we still need Binance, there's no good alternative for us.

I am well aware what kind of issues Binance management is facing nowadays but I fully trust their skills to handle such legal  issues and eventually come out clean. The main issue is  leverage and future trading which is major cause of concern for Regulatory authorizes in many countries, I think in the worst case Margin and future trading might be banned but spot trading trading will continue as usual. I never attempt to involve in future trading because it is very high risk and only few win and majority loses.
They all have the resources, with how successful binance now money is no longer a problem for CZ and his team, they can use all this money to protect their business and to go out clean with every issue that's been thrown to them.

I see your point and if it's needed for binance to comply with that, removing Margin and Future trading is not hard for them.

It's more important to let crypto traders to continue using their services. Trust coming from investors is being established.
it's a long-term business that CZ will take care not to let anything bad happens.
They are already big and its impossible that they wouldnt really make use of their resources or funds on not to resolve out such issue even though it might end up on some changes but they would still continue

on giving out their services here on crypto community.It do really sucks that regulation is something that cant really be avoided specially if you are already getting big and known as a business.

Asking on what would happen? It will really vary or depend on CZ on how he would handle out the entire company or giving out those actions.

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Tash (OP)
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September 18, 2021, 01:23:19 PM
 #85


More trouble,.... possible insider trading
https://twitter.com/GoldTelegraph_/status/1438984606624198662

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