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RE: #AskLeo - What happens if Binance collapses?

in LeoFinance2 years ago

So, what happens if Binance collapses? How do you see it?

I have a Binance account, but nowadays I am not using it, so it would not really affect me. Nowadays I use mostly Blocktrades and Coinbase. If Binance (or any other exchange) will collapse, then probably there will be one or more alternatives to it.

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CZ responded to the concerns about insolvency himself. I wouldn't worry, but I also dont use anything affiliated with China which is where binance came from.