What will happen to Binance?

[wxa7115]

We already have a lot of dex maybe this is a sign of big adoption of dex will happen???
I personally think that Binance will be able to overcome all of this, all that the country needs is fair regulation for both of them.

We certainly need that DEXs begin to take an important part of the market share of those that want to trade the markets, so far I have tried several DEXs and they can get the job done but they will do not offer all the things that you can do in a regular exchange which is why they are not as popular.

But sooner or later they will and that is when we could begin to see a migration from a great deal of the retail traders to those exchanges as the majority do not want to go through KYC and having to report every single transaction they make to every single government entity that asks for that it.

[bitgov]

Not looking good
In liquidation status and apparently removed from the registry. The entire management team has resigned. The company is not in good standing and does not qualify
https://scambinance.com/investigations/186-binance-holdings-limited-cayman-islands-all-management-resigned-company-in-liquidation.html

From the website address itself, I conclude that it is not objective service, so I am not surprised by the content of this article. I doubt that even half of this text is true.
If even some of this information is true, Binance is too big a company not to not resolve these problems.
If any regulatory authorities actually create difficulties, it is enough for Binance to improve its regulations and the case should be closed. New employees can also be hired easily.
Besides, MT.Gox was hacked, not closed. In my opinion, Binance is safe.

[FIREBALL24]

FTX? You mean the blockfolio owners? Well you can never tell yet because money is always the reason why many do the unexpected, if FTX becomes as big as binance they will open arms to new projects as well just to get more money

I think binance is a good one.. Maybe they more strict especially for some country  but in our country they looks so good and interesting to have a Trading Process.
FTX is a good exchange and has also been widely used by everyone according to their respective needs, because in FTX there are also many features that are very helpful and can be very useful for people who like cryptocurrencies in general.

[Shasha80]

Most of these articles have lost their relevance.
It is always easier for a large exchange to negotiate with regulators in different countries, so that the exchange will continue to work.
Even if the exchange is blocked somewhere, users can easily use its services through VPN and other services.

I do wonder if most of internet media right now is mainly consists of reporters for hire. What I mean is that they were paid to write scathing articles against cryptocurrency and also the different companies and exchanges that are related to it like Binance and Coinbase. There are monied person out there that is hell bent in destroying Bitcoin, Cryptocurrency, and the Blockchain technology in general. We will never know how this will play out but I think Binance should be aware of that and will do its best to survive.

That's the dark side of the world of journalism, not all media provide correct information. We have to filter it ourselves, because sometimes some
media are controlled by the government. We all know that many countries still don't accept crypto, they think crypto can be a threat to the old bank
system that is running today. So some countries direct the media to provide information that supports the government's opinion, which says
crypto is widely used for illegal activities. Including Binance which is the largest exchange to be targeted for dropping, but I believe Binance is aware of
the dangers they will face. And with CZ's experience as a Binance owner who has been in the crypto world for a long time,  he can definitely
overcome every problem that Binance will face.

[NeverSop]

With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation.  In this scenario, Binance could be overtaken by FTX for an exchange's reputation.  I exclude the possibility of improvement of BSC

If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs.  I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. Lol

[Tash]

With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation.  In this scenario, Binance could be overtaken by FTX for an exchange's reputation.  I exclude the possibility of improvement of BSC

If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs.  I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. Lol

A failing exchange has nothing to do investments. Options to trade from one wallet have been around for long time.
Same story as always, Not your keys not your coins.

[Tash]

A group of international traders filed a lawsuit against the Binance exchange.
Six traders from Ukraine, Australia, France and the United States plus whatever many that will follow.
To participate in a class action lawsuit, you need to apply on Liti Capital's official website, at Liticapital.com/binanceclaim/, fill out the form at Liticapital.com/binanceclaim/sign-up/ you will be contacted.
This thing is a disaster in the making.

[pealr12]

With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation.  In this scenario, Binance could be overtaken by FTX for an exchange's reputation.  I exclude the possibility of improvement of BSC

If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs.  I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. Lol

A failing exchange has nothing to do investments. Options to trade from one wallet have been around for long time.
Same story as always, Not your keys not your coins.

Not your key not your money but people still need exchange to trade, no way anyone will keep their assets in their wallet forever, besides this, there are many day traders around, how will they be able to trade if they have to move money around every minutes of their trading, if dex where so great to trade nobody will even take a look at the likes of binance or cex, however hard we try, exchange is very necessary and an important factor that can not do without.

[milewilda]

With the growing contradictions related to binance us, perhaps it will be really difficult for Binance to continue to become the No. 1 exchange. There are large communities that are coming to support FTX if it does not quickly improve the situation.  In this scenario, Binance could be overtaken by FTX for an exchange's reputation.  I exclude the possibility of improvement of BSC

If Binace really fails with the legal papers, it will not be just FTX but will entail more serious consequences to the point of losing confidence in essential investment needs.  I believe it is time for Defi and decentralization to emerge to replace what is inherently ringing at the moment. Lol

A failing exchange has nothing to do investments. Options to trade from one wallet have been around for long time.
Same story as always, Not your keys not your coins.

Not your key not your money but people still need exchange to trade, no way anyone will keep their assets in their wallet forever, besides this, there are many day traders around, how will they be able to trade if they have to move money around every minutes of their trading, if dex where so great to trade nobody will even take a look at the likes of binance or cex, however hard we try, exchange is very necessary and an important factor that can not do without.

DEX is much always preferred but we cant really deny nor ignore that once we do deal with fiat/crypto transactions then we would really be needing up centralized exchangers in regards into their service.
Trying to look at with the volume or liquidity then theres no doubt that it do shows on how important it is here on this market and its undeniable and its expected that these platforms would really be
experiencing some squeeze up came from the government as they do gain more attention or popularity since they do know that it is dealing with crypto then expect that these kind of
treatment is somewhat kind an obvious stuff.

[Rabi3]

To date, I don't see any problems at Binance just because of the resignation of the CEO of Binance US. I've been using Binance for quite some time and so far the service hasn't been compromised. Even today, the price of BNB is able to break through $400 so I don't think there is a problem with Binance.

the price of BNB even broke $500 and i also didn't face any problems with their exchange, but you have to keep in mind that if there are lawsuits against Binance and they win, we could see it fall down, even though it seems that it can't happen, but maybe something like what happened to XRP happens to Binance, but the lawsuit against binance  succeed, with XRP example only the news about the lawsuit made it crash, so imagine what could happen to Binance if a crazy lawsuit was against them, most likely won't happen but you have to at least consider the possibility.

[Chato1977]

Don't be a paranoid mate , Mt'gox case will never happen again in binance form, people now are much learned and will never let their Money died back again in one of the biggest scam happened in crypto world.
I trust binance and will use the exchange to the extent .

[Tash]

More issues on top of facing homelessness
SEC has now confirmed that #Binance is under investigation by the Federal Government
https://twitter.com/CryptoWhale/status/1429819156052983816

Anyone knows who made the allegations?
https://twitter.com/binance/status/1429848224215355394

[newwest]

Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.

[carlfebz2]

Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.

Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might
have lost their interest on using the platform.

Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.

We cant really make any judgement yet but we can already presume on things that might happen this time.

[$crypto$]

Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.

Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might
have lost their interest on using the platform.

Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.

We cant really make any judgement yet but we can already presume on things that might happen this time.

Almost all major exchanges implement KYC because this is a rule that must be enforced maybe due to regional regulations so this will be mandatory someday and all will use this system, we know Kucoin still has not implemented KYC but there are withdrawal limits there so this will not cause a big problem because tx is still limited, what is worried about is money laundering or other abuse.

But for me KYC will be important on a platform in the future and we have seen this in various small things that KYC has been implemented.
But that's how each one evaluates.

[btc78]

Binance is now brining the KYC for the users compulsorily so this could be a point where we need to see how many users leave the platform as not many are comfortable to share the KYC with any of the sites. In coming time will need to check the impact it could have on binance site.

Time will tell and we arent blind on seeing on what would be the effect of this fully KYC integration towards the platform which that unverified limits which been most people been liking off with this platform will might
have lost their interest on using the platform.

This will have effect in short period but eventually as people will realized how worth binance to be a exchange for us? we will comply to what they wanted us to do for best and safe outcome.

Considering out that there are some platforms out there that do offer limits of unverified accounts like Kucoin which i wont really be surprised off, if one day there would be some influx of users
on that platform.

In time for sure those exchange will operate with KYC also because this is what the government wanted .

We cant really make any judgement yet but we can already presume on things that might happen this time.

from the very beginning  I know this will come .

[Tash]

South Africa jumping on the bandwagon
https://www.fsca.co.za/News%20Documents/FSCA%20Press%20Release%20%20FSCA%20warns%20the%20public%20against%20BINANCE%20GROUP%203%20September%202021.pdf?csf=1&e=GWsM94

[livingfree]

They're now thinking about an IPO for their US market.

https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/

And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.

[Tash]

Binance to halt offering some products in Singapore after MAS warning
https://www.straitstimes.com/business/banking/binance-to-halt-singapore-products-after-central-bank-warning

[bitgov]

They're now thinking about an IPO for their US market.

https://www.reuters.com/technology/binance-founder-changpeng-zhao-says-its-us-crypto-exchange-arm-targets-ipo-three-2021-09-02/

And it stated just what Coinbase did, they'll also do the same. This is where the KYC is going but a hack, I think they're responsible for any security issue that will happen to them again.

I'm sure Binance will do whatever it takes to meet the US government's requirements. Slowly, all governments will move towards greater regulation of the cryptocurrency exchanges. I am sure that in a few years all exchanges will have to undergo full verification and what is happening with Coinbase and Binance (IPO) will have to be done by every exchange that wants to operate in the US.