Post
Topic
Board Trading Discussion
Re: What happens If Binance Exchange Flee Away like FTX
by
Taskford
on 08/04/2023, 23:01:25 UTC
I was thinking that FTX was a complete disaster and it made a very bad Impact on crypto industry too. As I personally believe Binance more than any exchange and that case might be with you. So I was saying that If Binance flee away like FTX than what will happen. As Binance currently holds more than 60 billions of dollars and that's to much money. And I cannot believe if all money might gone than Bitcoin might come to 10000 dollars. Let's hope for good and what are your thoughts in this.

This like the same other result where exchange collapsed due to some big issues happened to them the market will possibly get affected and heavy rumors will spread which contribute to the decision making to dump their holdings. We know binance is the top exchange exchange as of this moment so most provably it can cause major breakdown to the price of bitcoin and altcoin. We see the same like situation happen so I guess that will be the same condition we might see if we can see it to happen.