the building of has achieved remarkable successes since it was founded. It grew in a very short period of time, in the first quarter of last year, although Binance was an 8-month-old startup, the 148-year-old German bank made more profits than Deutsche Bank.
The Rise of Binance
So far there have been many positive news about Binance in the crypto money media. Apart from a few technical problems in which no one had suffered in the past, there was no security-related incident. Especially the recent rise in the price of BNB kept the agenda very busy. The ICOs organized on the Binance platform attracted great attention, and in a matter of seconds, the million dollar token sales were discussed. The last plan was to take the steps to open the stock exchanges of Binance fiat-crypto money.
During the rise of Binance, he also underwent radical changes. For example, he carried all of his operations to Malta. He opened offices in many countries, added new language options to the platform and never lost popularity. Currently, one of the highest trading crypto exchange exchanges. Everything looks pretty good, but isn't it too good?
The strengthening of a single institution beyond a certain boundary in any field has always been a danger. At last, Binance is ruled by people and people can make mistakes. This possibility can be set aside because it exists in all areas of life, but the error of a Binance error will be severe for both the crypto-money ecosystem and its users. As far as I'm concerned, the ones who aren't interested in crypto coins are putting forward security and trust issues. The other half thinks that he has abandoned all the issues and missed the bırak opportunity Bir. This is the case, if another bomb explodes in trust, it may take years to recover. It cannot be said that regulators are yet to be threatened by the regulators because the Exchange Malta is in a moderate regulatory environment, but who knows if the situation will not change?
Perhaps the most catastrophe in all the bad scenarios is the hacking of Binance. Just like Mt. Just as with the Gox example, the impact on prices can take years. Until now, Binance has not experienced any major problems except for a trade-related disruption (SYScoin attack). Of course, not everyone can afford to lose money to keep the central stock market know that, but how many people do not know how to do it. In addition, there are SAFU funds that Binance has created for the worst situations that may be encountered, but it is unclear how much of the losses can be met.
Binance is currently a stock market where individual investors rely on it as cold wallets. Of course I don't want this to be perceived as a ard fear and uncertainty kork letter, and fears based on assumptions can be stronger than real fears. Nevertheless, I think it would be useful if the individual investor should at least protect himself / herself and take into account the bad probabilities.
In addition, the Binance decentralized stock exchange accelerated its work on Binance DEX. Binanceılabilirs taking this step may be considered as an indication of good intentions on behalf of the ecosystem. Binance, which has the power of BNB, can become the most used centerless stock exchange if it succeeds and continues to be a favorite of individual investors.