Post
Topic
Board Bitcoin Discussion
Re: Would Bitcoin Be Badly Hurt if Binance Goes Down?
by
Mpamaegbu
on 16/06/2023, 09:05:39 UTC
I really am no fan of Binance because I found their KYC annoying.
That's true, especially for those of us who got on Binance in 2017 immediately after its launch. Then it was KYC free and without trading commission. It's really nostalgic, what a great time with Binance those days. Like you acknowledged, CZ is a popular name in this industry and he has done remarkably well for himself and the entire crypto industry.

Quote
How much harm do you think a Binance implosion would cause Bitcoin? Is the US a big threat to the coin market?
Frankly, I don't see Binance shutting down hitting Bitcoin to a massive dump. No doubt, it will shock the entire market but it won't be for long before the market shakes it off. On the US motif, I think the hypocritical SEC is over playing its hand on this. Let's keep watching and see how all this will end.