4 ms·
To be frank, the evidence here is quite slim. It would be expected that market making funds would operate on both binance and binance.us and transfer funds betw
by simple-thoughts 4y ago
To be frank, the evidence here is quite slim. It would be expected that market making funds would operate on both binance and binance.us and transfer funds between them either to provide liquidity or conduct arbitration. That’s not to say you should trust Binance, all centralized exchanges are suspect and CZ himself has said that eventually dex will supersede cex.
- sjsdaiuasgdia 4y agoWe should definitely not trust CZ because he said Binance.US is an independent entity then he ran it as a subsidiary. That's a pretty solid lie and also solidly explained in the article. An independent entity operating as an exchange might do market making activities with many other exchanges. It seems Binance.US only does that with Binance. An independent entity operating as an exchange should be directly responsible for and in possession of customer funds that have been deposited with them. Binance.US couldn't fulfill withdrawals without Binance's help. That should not ever be necessary if these are separate entities.