What could happen to Binance?

What happens if the world’s largest cryptocurrency exchange with around 75% of global market volume goes under?

Patrick Tan
DataDrivenInvestor
Published in
9 min readJan 27, 2023

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Is it there or not? (Photo by Jr Korpa on Unsplash)

To be perfectly clear, while there are plenty of issues at Binance, from its regularly undercollateralized stablecoins and mixing of user funds with its pegged wallets, to alleged money laundering, it’s not at all clear that the…

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General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn