Binance - where is it located?

[hugeblack]

The problem does not lie in where Biance is based, because a long time ago the matter was raised and we did not get a clear answer, or at least the average person does not specify their headquarters, as is possible with many companies, but the most important question is the management structure..

Almost, if you ask any one about who are the managers of Biance or who owns the company, the answer will be CZ, other than that we do not have any information, and it is likely that if a problem occurs, we will find many fake intermediaries companies with Biance.

[germsite]

The problem does not lie in where Biance is based, because a long time ago the matter was raised and we did not get a clear answer, or at least the average person does not specify their headquarters, as is possible with many companies, but the most important question is the management structure..

Almost, if you ask any one about who are the managers of Biance or who owns the company, the answer will be CZ, other than that we do not have any information, and it is likely that if a problem occurs, we will find many fake intermediaries companies with Biance.

I think CZ has all reasons after those spectacular collapses of FTX and others to fix any hidden problems if there are any at Binance. Assuming he made some leveraged insane bets and has not sufficiently backed his stable currency, he would now have enough time to get those issues solved. I don't think he wants to end the way Sam Bankman-Fried ends or will end. Who knows whether he will go to jail, perhaps not. But he is done in the industry and his name is full of dirt. I can be wrong, but I just don't believe that CZ would like to be pigeonholed along with SBF. 

[Darker45]

~snip~

I also remember the interview. If I remember it correctly, he also implied that Binance smartchain will very much be a big part of Binance's progression to become a more decentralized exchange where their jurisdiction might be will not be very important.

I honestly found it interesting at first that a company operating all over the world doesn't have headquarters. They're like a digital nomad. When I first read about Binance's unique structure many years ago, around the time it started growing big, I was kind of amazed that even employees are like CIA operatives, working in the shadows, even anonymously.

But then I realized later on that there are implications that make it actually risky for clients. I don't even care about tax responsibilities. I'm thinking of the company's accountability to its customers.

[Lucius]

~snip~
Almost, if you ask any one about who are the managers of Biance or who owns the company, the answer will be CZ, other than that we do not have any information, and it is likely that if a problem occurs, we will find many fake intermediaries companies with Biance.

At first glance, it seems like a one-man operation, so although this is probably not the case, who can say with certainty that in the event that the "beloved leader" disappears like Cotten (Quadriga) most of the client's funds will not disappear with him?

Therefore, I would not advise anyone to believe those stories that their funds are "safu", while at the same time the owner calls them incapable of protecting their funds in non-custodial wallets. I have never appreciated people who underestimate their customers like that.


@hugeblack, did you misspell their name on purpose - I noticed you did it twice? I don't like doing free advertising for them either, although I have a slightly different way of doing it

[hugeblack]

I think CZ has all reasons after those spectacular collapses of FTX and others to fix any hidden problems if there are any at Binance. Assuming he made some leveraged insane bets and has not sufficiently backed his stable currency, he would now have enough time to get those issues solved. I don't think he wants to end the way Sam Bankman-Fried ends or will end. Who knows whether he will go to jail, perhaps not. But he is done in the industry and his name is full of dirt. I can be wrong, but I just don't believe that CZ would like to be pigeonholed along with SBF. 

ftx was going to die sooner or later, Biance made it faster.

At first glance, it seems like a one-man operation, so although this is probably not the case, who can say with certainty that in the event that the "beloved leader" disappears like Cotten (Quadriga) most of the client's funds will not disappear with him?

According to wikipedia

Binance Holdings Ltd., branded Binance, is a global[6] company that operates the largest cryptocurrency exchange in the world in terms of daily trading volume of cryptocurrencies.[7] It was founded in 2017.

and when search for in bloomberg ---->  https://www.bloomberg.com/profile/company/1624796D:CH?leadSource=uverify%20wall

Executives
NAME/TITLE
Zhao Changpeng "Cz"
7/2017-PRESENT
CEO/Founder
Wei Zhou
PRESENT
Chief Financial Officer
Gin Chao
PRESENT
Chief Strategy Officer

Other than Cz most of us don't know much about Gin Chao or Wei Zhou

[bbc.reporter]

~snip~

I also remember the interview. If I remember it correctly, he also implied that Binance smartchain will very much be a big part of Binance's progression to become a more decentralized exchange where their jurisdiction might be will not be very important.

I honestly found it interesting at first that a company operating all over the world doesn't have headquarters. They're like a digital nomad. When I first read about Binance's unique structure many years ago, around the time it started growing big, I was kind of amazed that even employees are like CIA operatives, working in the shadows, even anonymously.

But then I realized later on that there are implications that make it actually risky for clients. I don't even care about tax responsibilities. I'm thinking of the company's accountability to its customers.

I reckon we also have to consider that the interview was made before 2018. I am not certain on the correct year, however, the cryptospace community was very different before when everyone encouraged decentralization. Presently the community wants regulation and regulators to enter the cryptospace because we were tricked to think that it will be safer to invest. It might also be because we were tricked to think that our coins will pump. I shake my head on this because the regulators do not care for our safety or if our coins will pump. They only want to control everything.