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Why users are pushing back against Binance
- mypastself 5y agoInteresting article, co-written by Gotham star Ben McKenzie of all people, but as is often the case, the headline is not fully supported by the article’s content. Some retail users claim to have seen significant financial losses due to technical issues on Binance, and are considering lawsuits. But it still remains the world’s biggest crypto exchange for the time being. I do wonder what a bank run on Binance would look like. Given the somewhat mysterious state of the company’s financials, I wouldn’t be surprised if it only took a tiny fraction of its user base leaving for it to become illiquid.
- Vladimof 5y ago> Some retail users claim to have seen significant financial losses due to technical issues on Binance, and are considering lawsuits. I've had the same experience on Coinbase... I switched to Kraken and no issues so far (I.E.: Coinbase blocks all transactions when crypto prices change significantly)