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Since the fall of FTX and arguably even long before, the media have been attacking Binance. I would argue that Binance is the most attacked company in the world. This FUD even sparked a major ‘bankrun’ with people withdrawing more than 14 billion from Binance over a short period of time. Binance Bankrun, source: CryptoQuant In the meantime, two major US banks collapsed. And how does Binance fare? Well, the Binance reserves have only grown: Binance’s market share is only getting larger: Binance’s share of the spot trading volume is through the roof: BNB is the most used blockchain in the world: Look, one could criticize Binance and I also think a lot of the spot volume is white washing + its market share is too big, which goes against the whole idea of decentralization. But irrespective of all the massive FUD, Binance is doing great; yet it is the banks that are doing bad and collapsing. I can see why traditional finance sees crypto as a threat. submitted by /u/Beyonderr |
