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Well if they do then I am pretty screwed 😅
so self custody to play it safe?
If that happen, crypto is dead
I wish it does
Too soon to tell. If Binance was so obviously going to collapse that the people here could figure it out en mass then there would already be a massive run on withholdings. Although there have been large pullouts, it hasn’t been anything Binance can’t handle (yet). We need to wait and see what happens further into the legal case.
Some people have inertia so they may not pull their crypto out of Binance right away. However there is a run on Binance happening right now. They will collapse soon.
It's time for crypto to go back to decentralized state instead of 3 banks holding most of it
Yes, as well as Coinbase
Don't Coinbase backed 1:1
It is. Crypto doesn’t need to do well for coinbase to make money