Binance Panic: $900 Million Flooding Away

The year 2022 is here for encryption One industry to quickly forget. Of course, we started the year with a weak price performance for bitcoin, which continued negatively after the Terra protocol collapse. Several stock market crashes followed, with the FTX bankruptcy as the black icing on the cake. Now there seems to be some doubts about its liquidity binance.

Binance is in trouble

Let’s hope it’s a storm in a cup of tea, but Binance is also all set at the moment. people take in in huge quantities Bitcoin and other cryptocurrencies on the Changpeng Zhao exchange where there are some doubts about Stores from Binance.

Changpeng Zhao calls Of course that everything is fine with the stock market and people need not be afraid, but the question is how reliable this data is. In principle, Binance is a rather opaque company, and no one really knows how it works financially.

On the other hand, Binance is the most successful trading platform in the market. Huge volumes mean that Binance does not have to play with clients’ funds to make enough profit. If Binance’s leadership is not so greedy, there is basically nothing wrong with it. Unfortunately, we never know for sure.

Back to the safe Netherlands?

Many people nowadays choose to be on the safe side and bring their crypto assets to the Netherlands. In the Netherlands, exchange platforms must comply with the rather strict regulations of De Nederlandsche Bank. It is not allowed to operate as a crypto exchange in the Netherlands without a license.

In this regard, you can say that your money is, at least from this point of view, safer with parties like coinmers in the Netherlands. trading platforms such as coinmers It may not be as amazing and big as Binance, but there is clarity about the people behind the platform.

Plus, you know for sure that a lawsuit is one possibility, should problems arise. Of course you never have an absolute certainty, but choosing a Dutch party amidst all the turmoil that has now arisen can just be a wise decision.