Post
Topic
Board Exchanges
Re: Binance introduces KYC for all users
by
pugman
on 20/08/2021, 23:45:36 UTC
I like how so many people are surprised like "Oh my god how could binance do this 1!1!1!1!!1111"

Well, didn't we see this happen in 2017-2018 when the best exchanges at the time(bittrex and Poloniex) made KYC compulsory and then became the most shittiest exchanges? Back then, Binance took the opportunity and exploded in popularity. Question is, will there be a binance v2(say FTX for example) take over the spotlight from binance.

Binance is still a very good exchange at what all services they offer and many people are actually now willing to give in their KYC because of it in contrast to before where the fight for anti-kyc was still dominant enough. I want to see a new exchange boom up to the top, and if they are trying to be compliant at least do it properly. Stop pulling an OnlyFans[1] in the crypto scene.


[1] Reference: Onlyfans allowed users on their platform to post sexually explicit content and thats only reason they blew up and when they wanted to become more legit they banned sexually explicit content. Fun fact: This ban happened 2 days ago.