Post
Topic
Board Service Discussion (Altcoins)
Re: What happens if binance and tether goes down
by
savetheFORUM
on 31/01/2023, 16:18:22 UTC
Is it really over for crypto if Binance exchange or Tether go bankrupt like FTX? Can crypto survive without the centralise organizations and projects?
Not really over, but it will take a very deep dive towards the bottom of a very severe bear run and then it will start recovering slowly with other exchanges and stable coins replacing the later. On a contrary, Bitcoin has its roots too deep in the industry, going mainstream in a look of countries and spreading its wings, and CZ also mentioned that they have enough funds to cover them if anything like that happens with them. So, I don't think Binance will face any issues in near future.