Will Binance collapse by the end of 2023?
Market Rules
Despite gaining market share as the world’s biggest cryptocurrency exchange after FTX’s downfall, Binance has faced serious restrictions to conducting transactions and integrating with the conventional financial system. In this context, financial regulators’ actions have also taken their toll on the company, as, for example, in the lawsuit against Binance Dollar’s issuer, Paxos, which resulted in a halt in that cryptocurrency’s minting.
if Binance’s services are rendered inactive — either mostly or entirely — for the public by December 31st, 2023, or if the company files for bankruptcy in the United States by the referred date, this market will resolve to “Yes”.