Is Binance dying?

in #crypto3 months ago

Brits haven't been able to use Binance for the last five years (the normally crypto-friendly British govt banned Binance as they deemed it too risky). Americans got banned from Binance in 2023 (when Binance US got shut down).

China banned Binance in 2021. Now India has just banned Binance too.

So that leaves France, South America and some east Asian countries still allowing Binance. Except Korea is well served by domestic exchanges, ditto Japan.

All this points to Binance shrivelling due to regulatory pressure. Once liquidity and volume dries up, so will the exchange.

This puts coins like Hive in grave danger. Bittrex and Poloniex have already gone kaput, and non-Koreans can't access the Korean exchanges.

Which means if Binance dies, Hive will die too - unless it can find new exchanges to be listed on.