Who Will buy Binance? 🤔

[Ayers]

Who will buy Binance 🤔  if they go to dust 😔?

Watch out for Elon, he can afford Binance and probably he will save that biggest crypto exchange and dominate the whole market again.
Binance is pretty solid though, they have back up plans and their SAFU are still intact, Binance going into dust is like having a whole bad faith against cryptocurrency. Binance will grow more as they continue to innovate and with the plan to buy FTX, probably the share of Binance in the market will grow more.

Elon Musk is not that almighty as people see him. He has bought Twitter with the help of other campaigns. He has spent those $44 billions not directly from his pocket. By the way, Binance invested $500 millions in Musk's Twitter purchase for example. In fact, Musk seems to be not much interested in cryptocurrency lately.

It's funny how people always think that Elon is interested in crypto, I never thought he bought twitter because he wanted to take doge to the next level like everyone thinks. He is a billionaire and his fortune is from his existing business, he is managing 5 different companies. Surely buying twitter would be a huge boon to his business and he had his plans in place before making such a big decision.

I dont think someone would really be interested in buying Binance. Because no one would consider selling or, if there is intention to sell it, then there is something shady with it. No one would sell such a profitable asset.

Yes, CZ is one of the monuments, makers in the market and he is also the richest billionaire in the crypto market. There is no reason for him to sell his empire, the market share of Binance is taking the majority of the market. The future is unpredictable, but now the remaining opponents are very difficult to beat binance.

[justdimin]

Elon is the first one that I have thought of. But if this is going to be the new trend in the competition of exchange then I'd be scared to see a monopoly on it.
Since CZ started it out, it's possible that the other bigger enterprises and exchanges would do the same thing in terms of business availability and expansion.

Why shouldn't it be like the other tech companies? Look at google, facebook, amazon and all others they keep on buying smaller and smaller companies to grow their own company. I wouldn't be shocked to see crypto companies start doing that as well, if you are an exchange then you could end up buying out smaller and smaller exchanges to grow your company and keep on being higher and higher.

Plus, this works out better for them too because it means they could end up with more people putting their money into wallets there too. So, I would be lying if I say that this is the last time I am expecting such a thing, there is a high chance something like this will happen again.

[Majestic-milf]

Who will buy Binance 🤔  if they go to dust 😔?

Watch out for Elon, he can afford Binance and probably he will save that biggest crypto exchange and dominate the whole market again

I doubt. Elon may be an eccentric person and all, but buying Binance is so out of the picture. Like you stated, Chang seems to be doing just fine and if ever there was a company that would have needed saving, it would have been FTX.

 The dude's got a lot on his plate, what with him trying to make Tesla's market value be higher to that of Apple and Saudi Aramco and also, he hasn't recovered his money from the Twitter purchase. Come on, give the guy some space. And the operative word here is 'if'. As it is, Binance is not looking to bite the dust any time soon.
 

[kelonmusk]

It's a very difficult question to understand. There's no way the owners of Binance had the idea of selling it. Instead, they (Binance) have started to strengthen their security system so that FTX problems don't occur on Binance.

Can't imagine if Binance crashed. Almost all projects in crypto use their network.

[wxa7115]

Who will buy Binance 🤔  if they go to dust 😔?

Watch out for Elon, he can afford Binance and probably he will save that biggest crypto exchange and dominate the whole market again

I doubt. Elon may be an eccentric person and all, but buying Binance is so out of the picture. Like you stated, Chang seems to be doing just fine and if ever there was a company that would have needed saving, it would have been FTX.

 The dude's got a lot on his plate, what with him trying to make Tesla's market value be higher to that of Apple and Saudi Aramco and also, he hasn't recovered his money from the Twitter purchase. Come on, give the guy some space. And the operative word here is 'if'. As it is, Binance is not looking to bite the dust any time soon.
 

Elon spent so much money with his Twitter purchase that I doubt he has any more time to try to deal with anything else at the moment, especially since it seems he is having some problems with Twitter.

Besides it is better to not even think at the moment about a possible collapse of Binance, because if that happened right now when the market is so vulnerable I do not want to think how much deeper the current crash could go.

[danherbias07]

Let us also remember that it did come from dust.
As long as CZ remembers that he won't be back there. Let's just say it will, at least he also knew how to get back up. That's the perk of starting from scratch, you know the feeling of the impossible being possible. You will be hit hard while going up but you will need to break all those walls to go thru.
Unlike other exchanges with rich investors backing them up, those kinds don't last long because they want to claim their capital in a rush.