6 months ago, my savings went down because of the FTX debacle. I've never used FTX, I've never been a customer of this company, but my savings are in BTC, and because of that failure, BTC's value went down, and so went my savings.
Today, bis repetita. I've never used Binance. I've never been a customer of this company, but because the SEC sues Binance, BTC is down, and so are my savings, so I have a message to all bitcoiners out there.
Exchanges and BTC are 2 different things. One exchange going down doesn't mean BTC must follow.
Binance will disappear? I don't give a damn.
I use binance for a long time now, but with what is happening around between SEC and BINANCE I won't even recommended anyone leaving funds in exchange. but I noticed many are very comfortable with binance the interface is user friendly, so it will be kind of hard for many to master other exchanges in my opinion. Am just using them for P2P purposes nothing more and nothing less.