Cryptocurrency news

Binance Loses Investors With Its Listed Crypto Coins

Binance Loses Investors With Its Listed Crypto Coins

Binance, the world’s largest cryptocurrency exchange in terms of trade volume and liquidity, is known for its rapid response to market dynamics and increasing investor trading options on its platform.

Binance often lists more than one cryptocurrency on its exchange a day, if not all days. This has also been quite evident in the ecosystem that is now fading and called the “DeFi bubble”. Binance has been and continues to be at the forefront of other exchanges to list new projects with huge gains.

Binance, which showcased 15 DeFi projects in August alone, included some of these projects in margin trading. Many of these listed projects were projects that defrauded its investors for millions of dollars. For example, HF and sushi, such as non-processing volume Altcom the ‘s may be.

Popular cryptocurrency investor “CryptoWhale” stated that Binance’s decisions to list more cryptocurrencies were wrong, creating adverse situations for both the crypto investor and crypto market adoption.

“You should really consider adding restrictions to the cryptocurrencies you add to your exchange. Over the years, hundreds of fraudulent cryptocurrencies have been exhibited on Binance and millions of dollars of investor funds have been lost forever.

The famous investor warned Binance’s CEO Changpeng “CZ” Zhao about the accountability of the cryptocurrencies on Binance.

“As a stock market CEO, you have a responsibility to list projects with real potential, not just projects that give you the most money. Binance’s current state is, however, discouraging. “

Binance has played a major role in the adoption of cryptocurrency transactions, especially in developing countries. However, the stock market is facing accusations by different countries around the world for allegedly violating regulatory frameworks.

Binance CEO: Do Your Own Research

Binance CEO CZ said in a statement on this issue that people should do their own research because many projects are experimental and some fail, others succeed. According to the famous CEO, investors need to do their due diligence and invest wisely.

With all of these, especially in recent days, Binance has been criticized heavily by many circles for the collapse of Bitcoin (BTC) as a result of the sudden movements. Whenever Bitcoin has a sharp rise or a sharp fall, access to Binance is cut off, stops are not working, and investors suffer. Each time, we are only sorry, our work continues, and the statement comes from the famous stock market.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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