Is Binance too big to fail?

[ARTURVH]

Yes, Binance is too big to fail,  Binance is the biggest market in cryptocurrency now.if Binance died most of projects in the space would be dead. 

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[bitterguy28]

It's definitely not.

In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.

Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.

Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.

But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.

[stomachgrowls]

It's definitely not.

In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.

Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.

Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.

But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.

Smart chain based projects are gradually making some noise now or becoming a trend which i do really believe that this will really pull up BNB even more.We cant really assure that they wont fail

or simply too big to fail but basing up on the current condition and popularity/reputation then its really hard or even we can say that its impossible for them to go down.

As long demand and interest is there then its really hard for it to be taken down but of course as an investor then you should always mind of with the risk.

[Erdogan]

I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.

[Natalim]

I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.

I agree with that, if we don't think that the biggest exchange could fail, then we are looking at an investment with no risk at all, it would be easy for us to make money which is not happening in the crypto space. We still have to be careful, don't put your investment in one basket, Binance maybe the biggest now, but there's no guarantee they'll remain in the top or will remain in business in the long run.

[Abiky]

I often wonder how big it takes to be afraid to fail. Mt.gox was big and it has fallen. We're only talking about crypto. Pay attention to what Bernie Madoff did - after all, he beat the entire wallstreet and a few big banks. You can never be sure what is safe or not.

That's certainly true, mate. Nothing is guaranteed to last a lifetime in this world. If powerful empires fell to the ground, what makes you think the same won't happen with big companies and businesses in the mainstream world? Binance is subject to failure one way or another. A major hack or a full government crackdown could put Binance on its feet. Mt. Gox was the biggest exchange in crypto's early days. Yet, it suffered a major hack that led to its demise. Years later, a popular exchange named "Cryptsy" fell to the ground after it was hacked. Imagine what will happen to Binance if there's a hack where there's no point for recovery. It'll be the end of an "empire" that has made crypto/Blockchain tech extremely popular in the mainstream world.

While prices for major crypto assets will decline massively within the short term, they'll eventually recover as new players join the game. I wouldn't worry much about Binance since crypto has been proven to be resilient after all these years. As long as decentralization/censorship-resistance is put first, nothing else matters. Just my opinion

[Ever-young]

That’s a loaded question, a question that cannot be answered with the utmost of certainty right now. After all, wasn’t this question asked of the likes of Lehman Brothers too, before the recession of the late-2000s?

[virasog]

Binance has grown into a force to reckon with since its establishment in 2017. In just 4 years since inception, Binance dominates the crypto market being the largest cryptocurrency exchange in the world. Its most successful venture has been the launch of a public smart contract platform dubbed "Binance Smart Chain". The native cryptocurrency "BNB" went from being worth cents to hundreds of dollars (USD) in just a few years since inception.

It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail. With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.

What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.

I won't say that binance will fail one day but remember that nothing is too big to fail.
Mt. Gox which was the biggest bitcoin exchange got hacked and this was the end for them. Everyone thought that  Mt. Gox  is hard to fail but you never know what will happen in the future.

[Woodie]

It seems to me that Binance has huge influence over the crypto/Blockchain industry. Sometimes I wonder if the world's biggest crypto exchange is too big to fail.

Biggest crypto exchange means it has big pockets,and we all know money makes the world go round so it's easy to get themselves  out of any situation.

With no signs of decline, Binance is on a road to widespread success in the mainstream world. This is bad because it'll make crypto heavily centralized.

It's already a well rooted company in the crypto ecosystem and listing some of the biggest coins on the exchange (on different blockchains ) this does also give it the bargaining power to create a business environment that works in its favor leading to centralization.

Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.

Yes they do have the influence, if ever regulators wanted something done for example, they probably needed it to go through them first then all other exchanges will adopt whatever has been decided.

[MFahad]

It's definitely not.

In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.

Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.

Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.

But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.

Unless some thing bad is happen and the binance exchange is hacked, only then we can see the downfall in bnb. Other than that there is no exchange which is even close to binance in terms of liquidity and trust.

[Hamphser]

It's definitely not.

In fact, I'd say that BNB is probably the token that is most prone to any sort of bad news on the regulation side. Any unfavourable news coming out of China, US, and Europe can possibly crush the whole business model of Binance.

Even though they say that BNB is striving to build Defi, it is a fact that most of their profit generation comes from Cefi still. No one will be bailing them out either if they do fail.

Well yet even if BNB is prone to many attacks and bad news yet this still the banner of the Hottest and biggest Exchange now in crypto.

But when Defi was created ? then lets expect more climb and may reach finally the 4 digits dream.

Unless some thing bad is happen and the binance exchange is hacked, only then we can see the downfall in bnb. Other than that there is no exchange which is even close to binance in terms of liquidity and trust.

The trust that they had gained is something that wont  happen easily on any exchangers out there.It is  because on the dedication and seriousness into their business on why they had achieved that state.

Binance is too big to fail?We cant really say but its hard to believe on that it would just vanish out or would have some huge hacking incident to happen or exit scam but we know that its  unlikely to happen.

Why would  they do bullshit things if they do know that they can make out profit in  longer years to come as long they do retain their reputation that they are trying to protect on?

[Rabi3]

That’s a loaded question, a question that cannot be answered with the utmost of certainty right now. After all, wasn’t this question asked of the likes of Lehman Brothers too, before the recession of the late-2000s?

the obvious thing to say is that Binance can fail regardless of how big it is, we can even say that about bitcoin, but the chances of that happening is really low, legal stuff can be very dangerous on crypto no matter how big it is or how big it could become.

[kenelmark]

the obvious thing to say is that Binance can fail regardless of how big it is, we can even say that about bitcoin, but the chances of that happening is really low, legal stuff can be very dangerous on crypto no matter how big it is or how big it could become.

It's very thin to fail if we look at the current conditions because almost all cryptocurrencies are developing in a better direction and are also doing very well in the market including BNB, although the price is still half the ATH that BNB has ever achieved, so it's clear the possibility to fail is very slim.

[777Jolami]

Binance was almost impossible to thrive before they launched the Binance smart chain.  Growing fast and being attached to an exchange puts pressure on investors even though what they have is impressive.  After legal issues with binance Us, they are completely isolated in some countries.  I think this is a limitation that can lead to their failure in the future if they do not improve and go with the legal regulations of an exchange.

[smyslov]

What are your thoughts? Is Binance too big to fail? If not, why? Do you think Binance has too much power/influence over the crypto/Blockchain industry? How will it affect crypto (either positively or negatively) in the long term? Your input will be greatly appreciated. Thanks in advance.

Let's admit it, Binance has made life easier for all of us here, they only list the best project, they have one of the lowest transaction fees and they made it easy for developers to create their token, I wonder what will happen to the industry if Binace fail, it's success is our success its failure is our failure too.

[Bitstar_coin]

Nothing is too big to fail, even those companies bigger than btc have sometimes experience a total shut down because of mismanagement or other legal issues, even if binance is not properly coordinated the way it should be then there will be serious problems for the company that can lead to it's total closure or shutting down, longevity has to do with proper management and commitment other it will lead to failure.

[batang_bitcoin]

It's very thin to fail if we look at the current conditions because almost all cryptocurrencies are developing in a better direction and are also doing very well in the market including BNB, although the price is still half the ATH that BNB has ever achieved, so it's clear the possibility to fail is very slim.

Nothing with the price with its failure or with its success. Because if it's not yet back to its ATH, there's going to be another time for it. But what happens with Binance through development, we can understand that they're making the exchange better and there are more updates that we've been seeing from them. The exchange and its token have now its significant contribution for most projects because they're the first exchange that's being desired to get listed.

[onecall123]

The chance will be so high when it was getting failed to deal with the regulation. that being said that when someone in another section was mentioning all of the problems that faced by binance and majority of these problems related to the license and regulatory approval. It could be a serious problem that can give binance to be a failed project.
Anything can happen and none know what will be happening with it

Not a fan of Binance but I do think it's too big to fail. Binance US CEO already resigned and CZ is actively looking now for his replacement, so they know they have to change as part of the new era going forward.

They'll pay all their fines and they'll pay all their dues, but they will emerge from this for sure.

It's impossible to overlook how massive Binance's involvement in the cryptocurrency marketplace is. The CEO of Binance CZ has been so active whether he is discussing Binance smart chains, customer service issues, or expansion of the business. In terms of spreading cryptocurrency thought across the board, Binance platform deserves mention. Binance is where I keep a decent amount of coins. For instance, I have a reason for active trading.

[Fatunad]

The chance will be so high when it was getting failed to deal with the regulation. that being said that when someone in another section was mentioning all of the problems that faced by binance and majority of these problems related to the license and regulatory approval. It could be a serious problem that can give binance to be a failed project.
Anything can happen and none know what will be happening with it

Not a fan of Binance but I do think it's too big to fail. Binance US CEO already resigned and CZ is actively looking now for his replacement, so they know they have to change as part of the new era going forward.

They'll pay all their fines and they'll pay all their dues, but they will emerge from this for sure.

It's impossible to overlook how massive Binance's involvement in the cryptocurrency marketplace is. The CEO of Binance CZ has been so active whether he is discussing Binance smart chains, customer service issues, or expansion of the business. In terms of spreading cryptocurrency thought across the board, Binance platform deserves mention. Binance is where I keep a decent amount of coins. For instance, I have a reason for active trading.

As a CEO then you would do all sorts of things when it comes to this manner.You wont really be making this business to be this big if you dont know on how to handle it well where it do really mainly concerns about
user experience and the good service that you do give into those who are needing into this industry.We cant really say that nothing last forever but seeing on how he handles up the company could really give you
out some picture that this would becoming even more bigger in near future if they would continue on what they are doing.

[stomachgrowls]

It's impossible to overlook how massive Binance's involvement in the cryptocurrency marketplace is. The CEO of Binance CZ has been so active whether he is discussing Binance smart chains, customer service issues, or expansion of the business. In terms of spreading cryptocurrency thought across the board, Binance platform deserves mention. Binance is where I keep a decent amount of coins. For instance, I have a reason for active trading.

Less about overlooking but more about hard to ignore when CZ and Binance's marketing team just keep pushing stuff to your face every day:) They spend a lot on paid marketing, in case you didn't know. PRs and articles on Coindesk etc are all paid for a lot.

And his thoughts are all written for him mainly, unlike if someone like Vitalik speaks.

They do have the money and its understandable that they would really be needing to be consistent or even on aggressive manner in terms of marketing and promotions which its true that they do really keep pushing

stuff into your face almost everyday which as a user you would really be finding this thing to be interesting and they arent stopping and doing this aggressively and since they do have the budget since they are
the current top crypto exchange as of this moment then its normal that they are really capable on such spending.

They do know on how to play this business and making it big but we know that everything isnt guaranteed because looking on what happened on Bittrex and Poloniex in the past will possibly
happen to Binance too.So its hard to tell about failure matters.