Post
Topic
Board Speculation (Altcoins)
Re: Binance: $BNB The Future of Exchanges.
by
onecall123
on 24/11/2023, 10:02:25 UTC
$BNB the ONLY coin where you can invest in the exchange. This will be a top coin for chinese/international traders. Eventually it will only be 100M supply.
Binance is the world's largest cryptocurrency exchange. But currently Binanch has been detained by the SEC on various charges. Binance CEO Changpeng Zhao pleaded guilty to anti-money laundering and other related charges and was fined $4.3 billion. Binance CZ offered to settle all lawsuits for $50 million. Binance CZ admitted all wrongdoing and resigned as CEO. Now that a new CEO has been appointed, it is not yet certain how secure he will be to hold the Binance exchange and coins. But I think BNB is very risky investment right now due to various problems.
CZ stepped down so Binance can keep running without facing any problem's. The new CEO and the rest of the team are surely pulling things together. However, this might also be a test to see how many people try to cash in/out. While some make things complicated, smart people make their gains. Buying in fear and selling in greed—could it be that simple? No financial advice though.