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Azrieli (OP)
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February 21, 2021, 10:11:42 AM |
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Binance been pumping recently, if this ligation will make Binance guilty, I think the market will collapse and people will panic.
Imagine what it would do to the market when Binance as one of the biggest or the biggest exchange in the market is charge for illegal activities, panic will be all around and opposite on what we are witnessing now.
freedomgo, you are somewhat right - it could hit hard. On the other hand, there was a problem with Okex - the market did not even notice. The question is why? I'm pretty sure that these exchanges have very, very inflated volumes (fictitious and fictitious), in fact - there are very different numbers and figures. But as an "alt-casino" - I think so, it may hit the alt market hard. We'll have to wait and see. |
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Azrieli (OP)
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February 26, 2021, 08:02:19 AM |
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Azrieli (OP)
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March 06, 2021, 12:13:49 PM |
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freedomgo
Legendary
 Offline
Activity: 3080
Merit: 1144
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March 07, 2021, 12:54:00 PM |
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Binance been pumping recently, if this ligation will make Binance guilty, I think the market will collapse and people will panic.
Imagine what it would do to the market when Binance as one of the biggest or the biggest exchange in the market is charge for illegal activities, panic will be all around and opposite on what we are witnessing now.
freedomgo, you are somewhat right - it could hit hard. On the other hand, there was a problem with Okex - the market did not even notice. The question is why? I'm pretty sure that these exchanges have very, very inflated volumes (fictitious and fictitious), in fact - there are very different numbers and figures. But as an "alt-casino" - I think so, it may hit the alt market hard. We'll have to wait and see. Okex may also have a big volume per their record but Binance is different, it has a lot of supporters and I think they are telling the real volume. In the ranking here - https://coinmarketcap.com/rankings/exchanges/you can see that Binance is in the number 1 spot with 17 billion in trading volume while coinbase which is listed next only has $2 billion trading volume. With that figure, it looks like Binance is like Bitcoin in terms of market dominance, if bitcoin fall the rest of the market fall, so if Binance fall, there should be a huge effect. CMC by the way is owned by Binance, so information could be a little bias, you know. |
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Azrieli (OP)
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March 27, 2021, 10:23:08 AM |
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Azrieli (OP)
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April 21, 2021, 06:37:50 AM |
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Azrieli (OP)
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May 03, 2021, 07:51:51 AM |
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tvplus006
Legendary
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Activity: 2282
Merit: 1655
To the Moon
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May 04, 2021, 02:21:19 PM |
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...CMC by the way is owned by Binance, so information could be a little bias, you know.
It is impossible to give an unbiased assessment of the volumes of these exchanges, judging only by the rating of Coinmarketcap. I think one of the reasons for buying CMC was to gain full control over the rating and the ability to manipulate data in favor of Binance. But I agree with the opinion that Binance is TOP-1. |
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Azrieli (OP)
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May 09, 2021, 04:02:55 PM
Last edit: May 09, 2021, 06:06:19 PM by Azrieli |
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Azrieli (OP)
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June 13, 2021, 12:35:20 PM |
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DarkDays
Legendary
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Activity: 2030
Merit: 1189
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June 24, 2021, 04:33:24 PM |
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I got confused with OPs post. He just used Google translate to translate the thread that he posted on the link which was on the local Russian board. It seems that he is talking about the recent hack the occurred in Binance. Well, Binance took action on it and they made sure that users funds are safe. They are starting to work on their system to further improve their security.
Using the translator lost the meaning of what he wants to convey. But anyhow, wherever Binance is currently based. They have done their homework where to strategically position their exchange to optimize the advantages of a certain country when it comes to crypto exchange regulations. And in my opinion, BNB will protect their clients from losing their funds. Yes, Binance (assuminlgy like any other popular exchanges) will do their best to protect their clients when losses occur due to their security being breached. As seen already with the previous hack, Binance did what was of good call, and sure, they'll try to locate themselves in countries with as much legislative power as possible because otherwise the downsides could be substantial. |
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Azrieli (OP)
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June 28, 2021, 09:42:09 AM |
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Azrieli (OP)
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July 02, 2021, 01:59:57 PM
Last edit: July 02, 2021, 06:09:36 PM by Azrieli |
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travwill
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July 02, 2021, 06:14:54 PM |
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It looks like a purposeful FOOD is going on with Binance, and in general
I am not against this because Binance is a large enough fish and can withstand any attacks.
I am sure that Singapore will eventually become a stronghold for the company's new office.
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