Quote from: Beparanf on Today at 04:18:30 PM

Quote from: xanto on Today at 02:20:49 PM

Hi guys
What do you think about the situation around Binance?
Rumor has it that one of the largest crypto exchanges will soon cease to exist
Binance and Coinbase are the only two crypto exchanges that qualify
Binance has already left the Canadian market and is close to leaving the US market
Both are facing lawsuits and claims

-Regards

Source? Rumors is useless if there’s no valid source or reasonable explanation on why will it happened in the future. The SEC case against these 2 giant crypto exchange doesn’t affect the business outside the IS. Maybe they will be not allowed to operate in US but they have the rest of the world as customers since US doesn’t represent the whole crypto community.

My point on this situation is everything will be fine soon. Ripple is battling SEC for many years without any huge impact on their company. They are still operating freely. Binance and Coinbase are larger than XRP so I believe they will manage to live another day against SEC.

SEC's just going ham against exchanges these past few years and it's enough to make someone skeptical about the longevity of these CEXs. So the "rumor" as you put it is well-warranted considering the situation and the implications it brings. In any case, I do believe as you said that this maneuver by the SEC will be enough to erase Binance out of the map. The exchange just had so much relevance and well-received supporters, as well as a fool-proof failsafe that allows it to linger in the industry for as long as it likes.

Although I myself believe that CZ has done nothing wrong to rile the SEC's anger right here, it's still a testimony in itself that the US will do whatever it wants to antagonize anything and everything that stands against capitalism and the little paradise it built for its wealthiest. A true testament to the depravity and utter lack of morals that these people have from the get-go.