What's next?

[jeraldskie11]

One has to stop thinking about "what's next". Traders won't be completely deprived of their trading facilities.
Trading platforms are the best business in this space and all companies will always compete with each other to be the top choice even if they have to go against the wishes of their users in order to comply with regulations. In the end, users will readjust to the new regulatory provisions.

There are many exchanges that are still operating safely so we don't have to worry about even if Binance and Coinbase disappear then there are still other exchanges or other options that can exchange our bitcoins and this is just from the trip where the government is always harassing what they don't like, of course there must be an effect on prices but not completely the market will continue to fall.

Even if Binance ever leaves the United States, Americans can still utilize Binance. We have something we used to call a VPN, and if you use it in a country where Binance is allowed to operate, I believe you can access the website. I think there are a lot of other exchanges that we can use with confidence, but the Binance platform was unique, and we must admit that some traders and investors still only wanted to use Binance. Kucoin is, in my opinion, the greatest exchange to use in addition to Binance.

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[kesmex]

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

[|MINER|]

__

Centralized exchangers are not reliable.  Because here your money is being controlled by others and so you can say what will happen with them or what will do they in future. Binance came to the market in 2017 and managed to achieve success very quickly till now Binance is known as the biggest and best exchange in the crypto world.  However, just because the us version of Binance was recently suspended in the USA, it does not mean that Binance is going to disappear. Because Binance is not based in USA. Even so, if you want to keep funds in Centralize Exchange, I think it is better to have all kinds of preparations.

[jossiel]

People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

[Nrcewker]

As far as I have heard, it’s not about the whole Binance, it’s just against the part of Binance which operates in the United States. But still if these lawsuit really affecting it, then there might be huge chances that Bitcoin price will be hugely affected by this. People in the US will now panic sell all the coins and hence the price will come more down. I would suggest for now, to take out all the coins from Binance and wait for the matter to resolve. Let’s observe everything, till these gets normal.

[doomloop]

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

No one can actually know if whales have already bought or if they need to buy more, but if someone wants to invest at the current price, they should start doing DCA from here until the price reaches the bottom and bounces back at the current position or maybe go higher. When you do DCA, you will always have more funds as a spare because if you never used all of it on buying Bitcoin or any other cryptocurrency.

There is a lot of bad news circulating in the market, the main ones being about Binance and Coinbase which might settle down soon or it may take some time because SEC wouldn't want the exchanges to come out clean so quickly before the market gets devastated.

[Learn Bitcoin]

There is nothing we can do at this moment. Whoever uses Binance US should withdraw their fund immediately and store their Bitcoin on a non-custodial wallet like Electrum. Global Binance users (Except for US and Canada) should be worried to see how Binance US was forced to be down. I am not sure what is the current status of Binance US right now. Is it down? Can users withdraw their funds?

We will see a massive crush if Binance gets seized. Bitcoin will recover at some point. But, we have to wait for a long time to recover the lose. If Binance get seized, most altcoins will be dead.

[Beparanf]

Binance has nothing to worry about since they will just pull out of the United States.

It’s really easy if this is the only the consequences on CZ case. It’s not a toy that you can just pull out if someone doesn’t like it. If SEC become successful, They can sue CZ unimaginable amount plus a jail time since he violates multiple law in the US that affects many citizen.

You are talking as if there is no law being violated. SEC will not sue Binance if they can get away easily like that. Any expenses on CZ case will reflect on Binance budget since CZ represents the company on this case.

[InfinityExists]

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Source? Rumors is useless if there’s no valid source or reasonable explanation on why will it happened in the future. The SEC case against these 2 giant crypto exchange doesn’t affect the business outside the IS. Maybe they will be not allowed to operate in US but they have the rest of the world as customers since US doesn’t represent the whole crypto community.

My point on this situation is everything will be fine soon. Ripple is battling SEC for many years without any huge impact on their company. They are still operating freely. Binance and Coinbase are larger than XRP so I believe they will manage to live another day against SEC.

Agreed, I believe it's a bunch of FUD/conspiracies to drive the price down before the halvening.

[justdimin]

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

No one can actually know if whales have already bought or if they need to buy more, but if someone wants to invest at the current price, they should start doing DCA from here until the price reaches the bottom and bounces back at the current position or maybe go higher. When you do DCA, you will always have more funds as a spare because if you never used all of it on buying Bitcoin or any other cryptocurrency.

There is a lot of bad news circulating in the market, the main ones being about Binance and Coinbase which might settle down soon or it may take some time because SEC wouldn't want the exchanges to come out clean so quickly before the market gets devastated.

Bad news are temporary stuff and they will not matter as much as people think they will matter. Which is why it is quite important to remember that those are temporary, and if you are aware that they are temporary then you are going to be fine about it in the future as well, we won't really have that much change in the end.

Hopefully we would end up with something better and the good news would start piling up, those are usually temporary as well but at least it would be a counter towards the bad news. It would allow the price to go up, but since it naturally drawn to going higher, that means the direction change is all we need, when that happens the price will start to go up and even if all the good news loses its power, the price would still continue to go up.

[Dunamisx]

Stay calm and relaxed because we are still in a bear market, Bad news and Fud are still appearing very often,
especially the Coinbase and Binance cases will become popular cases in a bearish situation,
so whlaes are also prepared to buy at the bottom price, therefore do not be too hasty if you want to buy.

Aside the fear of missing out with what's going on, one should prepare his mind and make moves to take his asset off centralized exchanges, this does not apllies to Binance alone but every other form of centralized exchanges in custody of our asset keys, we should learn to remain independent and move our bitcoin into our own wallet, if you think trading is what tie you to using them, then think twice, only leave the amount you can afford to loose on the exchange for trading while your major investment or asset should be on a decentralized wallet.

[blockman]

Things are escalating quickly and with these overwhelming activities and suits filed by Gensler, there goes this one congressman that eyes to fire Gensler.
(https://beincrypto.com/warren-davidson-stabilization-act-fire-gary-gensler/)

[Yaunfitda]

People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

Yes, that's something that most newbies are not aware of, SEC is looking at Binance.US because it cater obviously to American investors and SEC saying that Binance is offering securities to them which is against their law.

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

Well they created a separated entity for American investors and traders that's why they put a .US domain name. And initially it satisfied US government until SEC decided to create this fuzz about Binance. And all Binance can do is answer the SEC and then leave the US for good and they don't meet in the middle or at least SEC wanting Binance to get out of their country.

[jossiel]

People are panicking now without knowing the context of the news that they've seen. It's just all about SEC and Binance.US not entirely Binance.

Yes, that's something that most newbies are not aware of, SEC is looking at Binance.US because it cater obviously to American investors and SEC saying that Binance is offering securities to them which is against their law.

That's right and many think that it's against the whole Binance and they think that Binance.US is separated from the Binance that we use globally.

And Binance is just willing to forget all about it and sacrifice that binance.us because it won't work anymore on that area. While the entire Binance company is not even thinking of it because they've got it globally.

But if you're looking for something to panic for then that's fine, I'm still calm with the situation that they're currently facing.

Well they created a separated entity for American investors and traders that's why they put a .US domain name. And initially it satisfied US government until SEC decided to create this fuzz about Binance. And all Binance can do is answer the SEC and then leave the US for good and they don't meet in the middle or at least SEC wanting Binance to get out of their country.

When the US have been strict for most of these exchange and even with their own Coinbase, there's something wrong base on the policy that they're implementing.

And that's why they're leaving it and that's a good decision for them. The SEC is said to be trying to protect people from wrong offerings but they'll also see that this huge market is a benefit to them that they've let go.

[Black susano]

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to e
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

You said it is a rumor which means what you saying to the table is not legit or what are you trying said but if its truth on what you are saying that means we are all getting on to be in a big mess then but thinking of it Binance is generously known as a popular exchange many people have used it for trading and holding, sometime time I do forget usdt and bnb on the exchange platforms, but does the government have a hand in this case??

[Oshosondy]

What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

How is Binance and Coinbase are the exchanges that only qualify? Do you not know that if Binance and Coinbase cease to exist today, it is an opportunity for other crypto exchanges. There are many other crypto exchanges that are good too.

The exchanges in question are Binance.us and Coinbase. Binance.us is only available in US, while Coinbase products and services is not available in many countries.

Despite the lawsuit, bitcoin market price did not that fall. Bitcoin has been having a support at a price slightly above $25000.

[TheSpiral]

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Binance is world top exchange and providing its service to most of the countries. This Sec Claim have a very bad affect on both exchange but for me Coinbase and Binance US will be affected more and services in other countries will remain safe. Binance US stopped trading and deposit/Withdraw and also some other countries like canada and Nigeria asked for Binance to stop service in their country but still lot of other countries which yet supporting crypto and Binance and they officially issues license to Binance to work in their country and i think no need to be worry and Binance is not going to anywhere. These events will make stronger Binance.

[Mpamaegbu]

What do you think about the situation around Binance?

With all that's happening, I'm beginning to think this could become an opportunity for more Dexs to spring up. If Coinbase and Binance which are the topmost exchanges are getting terribly hit by governments, it could even make the exchanges to shut down and move to decentralization or this can create another wave of new centralized exchanges springing up. In the past it used to be Phoenix, Bittrex, Coinexchange, Bitstamp, Bitfinex that dominated the stage until Binance happened in 2017. I won't be surprised if we witness a similar thing play out now and there's a paradigm shift.

[GreatArkansas]

Binance for me is impossible to shut down, maybe the issue about Binance for me is only for the US country which is having difficulties right now.
This is indeed got negative effects on the entire cryptocurrency especially for traders because during situation we will expect high volatility so expect that there will be a lot of candlestick wicks.

[Woodie]

Binance has already left the Canadian market

Some unfortunate reading, but funny thing is as long as these people have access to the internet,  VPNs I really don't see how crypto will be out of their reach.

Btw Binance leaving this market is the people's loss not Binance!

and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Thought this would have a court day after being sued, otherwise looks like Binance isn't ready to dance to SECs tune and this is commendable tbh,  but does the USA have exchanges ready to operate under the conditions they are putting on the table I highly doubt it,  with this am really starting to think Bitcoin is better off unregulated for it to reach the masses.