Post
Topic
Board Exchanges
Re: CZ officially bids goodbye to Binance. Will Binance Crash or still stand Strong?
by
Faisal2202
on 22/11/2023, 19:26:38 UTC
So my Question is, with all the tension on ground, is Binance going to survive this or would this be the end of Binance even after naming a new CEO, since the news surfaced online, people has been repeatedly taking out their funds from the exchange with the fear of the exchange crashing. So what's going to be the impact of this tragedy on Binance??
Your concerns are understandable but I trust Binance but don't let trust make you blind so before assuming things try to find facts and figures. In my opinion, Binance has a lot of liquidity and money in holding either in the form of BTC or in any other type. $1+ billion has been withdrawn from the exchange in the last 24 hours while the total reserves they have now are around $72,974,932,941.34 according to cmc so, I don't think if there is anything to afraid of.

If you still think you don't trust your analysis or other's and want to hear experts then you can consider listening to any news outlets like this one:
Can Binance survive at this stage? by CNBC