Will it affect you in any way if Binance completely shuts down ? I know there will be lot of devastating affects on crypto market of this incidence like bitcoin price will fall very sharply. Many users will also loose funds and some will loose faith on crypto.
The ban of cryptocurrency in my country has limited most persons to trading through P2P trade. There are local exchanges where I can carry out crypto-to-fiat transactions but I don't really like their services and I think both of them are having serious issues at the moment. So Binance has always been the place where I trade most of my crypto to fiat because of their reputation, price rate and the P2P trade. So if they were to be shot down today, it's going to affect me in a way.