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Author Topic: Bye Binance?  (Read 229 times)
Charles-Tim
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Today at 04:56:22 PM
 #21

If they change to Binane, they would become the rest exchanges that charge higher fee in order to generate bigger tax for the government Grin
Which means exchanges like OKX are charging higher fee from EU users?

Honestly, binance under CZ and up till today has faced the most challenges than other exchanges and yet they still stand tall and strong. I believe they will also survive this. They are definitely appealing this one. Let's wait for the drama.
What do you expect? The registrations and government in short prefer to first go to the ones that have the highest customers because most of their citizens will be using such site.

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Today at 10:45:57 PM
 #22

Maybe if they changed their name to Binane, they would have a better chance?  Cool
Use DEX, reject CEX, let it be the new motto of the EU Smiley

Joking aside, I wouldn't actually be surprised if they set up a new company with a different name and try to weasel their way in this way!
After all they had Binance(us) and Binance(com), which should have been different companies under different rules and we all know what happened!

The EU is not rejecting CEXes, it rejects CEXes that think this is still the wild wild west and wants to still deal like they used to. Remember the outrage when, after the FTX collapse, the first thing that was added to the set of regulations was to keep clients' money in separate accounts from the company's money? You want access to the second biggest market, and you don't want to follow any rules, guarantee any customer funds, or be left alone promoting every pump and dump with no repercussions?
Well, too bad!

Let's be honest here, those current CEX have almost nothing to do with exchanging coins anymore!
It's trading, gambling, IPOs, RWA, memes, NFT, lending, almost anything other than actually exchanging BTC for LTC!

So yeah, if you cust want to swap coins, use a NO KYC DEX, if you want to lose your money in promoted, advertised ponzi schemes, use Binance!

We can like them or not, but reducing competition is not something that improves.

Oh, like when CZ stabbed FTX in the back?

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