@idiosyncratic1
What if not Binance but Coinbase is in trouble 😅
@idiosyncratic1
@idiosyncratic1
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9 comments
That would suck! 😬
Though as a public company they likely have auditors everywhere and it would be extremely hard for them to do something similar to FTX. Binance on the other hand is a private company and they could easily do something similar to what FTX did. Not that I assume they do, but they could, if they wanted. Unlike Coinbase.
Totally agreed. I think some parties see Coinbase vs Binance like the USA and China competing with each other. On the one side, there is the public company Coinbase, on the other side, the most popular and leading crypto exchange that survives FUD and Crypto winter.
If I remember correctly Enron also was a public company, so sadly auditors not always do a great job :/
Yes, everyone remembers that, but it's one case where it failed and there are like thousands upon thousands of cases where it worked. In a private company though, not so much.
you are right, as I remember they just published a deficit year. But the numbers you show look really bad!
They both still around?! lol
Paxos got more double the amount it held. What's the reason I wonder
Because there is no FUD on it yet :)