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.
There has big connection with Bitcoin and Crypto Exchangers. Because most of the crypto traders and holders use Exchanger. You are not using FTX or Binance or any kinds of exchanger but 99% traders and investors doing it through Exchanger. Binance is largest crypto exchanger. Today in Binance Exchanger trading volume is $9471005836. How we avoid impact from it. When Binance will affected then
BTC will also affect there has no doubt. So i think it is normal that people will give importance to exchanger.