According to a study by Bernstein, it seems unlikely that Binance will experience a crash similar to that of the cryptocurrency exchange FTX.
Bernstein’s Binance their cold wallets According to his research, the stock market is currently financially liquid and stable in one case. In total, these wallets of Binance worth $55 billion Cryptocurrency is presumed.
Binance announced to customers on December 13. big money withdrawal customers have encountered the current 6 billion dollars they had withdrawn money.
According to Bernstein’s analysis, this is how Binance “You can also pass the withdrawal exams” is showing:
“It is no coincidence that Binance is an unrivaled leader in the market. Binance has always treated customers well.”
Bernstein, some of the past hacking attacks reminding us that Binance will not be responsible for the losses of customers in such cases. make up for states.
However, according to Bernstein, Binance the two big there is problem. The first of these is the company’s activities in the Cayman Islands. According to Bernstein, Binance is moving away from here. a different way of structuring must go.
The second problem faced by the stock market is related to the current state of the sector. With the collapse of FTX, Binance “almost a monopoly on global cryptocurrency trading” Bernstein, who stated that it has become that decentralized exchanges can create competition is thinking.