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Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance
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Topic: Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance (Read 298 times)
Scorpion
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Bitcoin OG
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Re: Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance
November 20, 2022, 04:15:11 PM
#21
It very well appears to be a 'run' on the exchanges. However Binance is one of the safest exchanges out there in the crypto space as they do not misappropriate customer funds. What's occurring now is a very good thing as it testing which exchanges are solvent are running this right or which exchanges are scams. It hurt a lot of people with the downfall of FTX but in the long run we should be glad it happened now and not when cryptocurrency really mainstream.
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෴Sᴘʟɪɴᴛᴇʀʟᴀɴᴅs ᴛʜᴇ Pʟᴀʏ ᴛᴏ Eᴀʀɴ Tʀᴀᴅɪɴɢ Cᴀʀᴅ Gᴀᴍᴇ෴
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BitcoinMoses
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I Am Satoshi Nakamoto
Re: Bitcoin Balances on Exchanges - Sudden rise in the balance of Binance
November 20, 2022, 08:59:10 PM
#22
In a gradual process investors will pull theirs btc from exchanges. Only the traders will be using exchanges. When the CBDC will be launched it will kill all the Bitcoin Exchanges Bitcoin will excell without Bitcoin exchanges.
Then the True decentralised Bitcoin will be realised.
I am Satoshi Nakamoto
0563ce9997fb00e0b93d6e9972761ad8c7b36172ca85e1618daeff4813b1603e
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