Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
somac.
on 30/07/2021, 10:21:41 UTC
Binance getting regulated hard.

https://twitter.com/binance/status/1421033049098174468?s=21

No more futures/derivatives trading in several Euro countries.

So far Binance was a rogue exchange operating illegaly. Now the CEO came to the bright conclusion, that if they want to conitue operating, they have to get a licence in each country. I wouldn't be surprised if Binance turns out to be the new Mt Gox. I just wonder what is the IQ score of those traders keeping funds on that exchange. Trading bots there are one big hell of a mess. I really doubt any of these bots can bring a profit for a longer period. Especially judging by the most trades of magnitute 0.00x.  Grin Grin Grin Since the traders realised losses in the last 2 months on all exchanges are above $50 bil, I can only imagine the misery of these n00b traders, esp. in binance.

I don't think they're a mt gox. But, they are certainly dodgy, sort of like bitmex. Definitely can't trust them.