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
But this kind of news is FUD. Remember, markets are driven by participants' emotions. What happened now to risk assets after a negative news event that causes fear to the masses? It goes up. Because of fear of this kind of news, they sell their position or their assets out of fear.
Rumor will stay a rumor until it is proven right. There are always a kind of economic and global events or news like this. But those things don't really happened does it?