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.
I don't have the funds there but of course it will still have an impact because the crypto market will turn red globally and this will cause the asset value to decrease significantly in USD terms, and what is even more unpleasant is the time it takes for the crypto market to recover which is very likely very long and also Restoring trust in crypto will be difficult in the short term so the impact will be quite long considering the magnitude of Binance's current influence unless the shut down occurs when they have lost a lot of users.