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Is Binance Exchange In 2023 Smelling A Rat?

By stbrians | Recite Into Insights | 5 Jan 2023


What Is Binance?

As investors and cryotocurrency traders,  Binance happens to be a household name.  It is well known for tokens like BNB,  Busd and many others.  Its DApps is frequently used for forsage users. 

  • Like other crypto exchanges, Binance offers services around the trading, listing, fundraising, and de-listing or withdrawal of cryptocurrencies. Cryptocurrency enthusiasts willing to launch their tokens can use Binance for raising funds through initial coin offerings (ICOs).

Binance is the largest cryotocurrency exchange in the world bearing in mind the volume of cryotocurrency traded in it by the hour and day.  Binance was founded I 2017 registered in the Cayman Islands.

 

Why Has Binance Come In The Limelight In 2023?

 

Binance has delisted Shina Inu (SHIB) pair and others. 

The pairs delisted include SHIB/GBP, ALPHA/BNB, ASTR/ETH, CELR/ETH and DAR/ETH respectively and takes effect on January 6, 2023. Binance announced that the delisting will offer improved usage for its users. 

Binance also plans to terminate strategy trading services for the aforementioned spot trading pairs at the same time as they remove the spot trading pairs from their platform.

Report by Alex Dovbnya.

 

Read more  more here

As much as this may sound just like another way by Binance to improve it's working and sound as a warning to those using automated trading strategies and sandboxes strategies but this one smells a rat.  There must be something happening with our crypto exchanges that we are not being told.  There is much more than what meets the eye. 

 

Problems That Were Experienced At FTX

 

If the collapse of FTX Exchange is anything to go by,  then this delisting should send worrying signals.  Let me not be skeptic but our eyes should remain glued to Binance Exchange. 

Experts on these matters will inform us more and give investors direction on the same.  I rest my case. 

 

 

 

 

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stbrians
stbrians Verified Member

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