Replying to Avatar HoloKat

Not a lawyer but my guess is binance lawsuit will go like this:

SEC: you sold securities!

Binance: you didn’t provide regulatory guidance!

SEC: pay this fine (amounts to basically nothing but makes SEC feel like they’ve won.
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2Pac 2y ago

Binance will be fine they do $10B a day in spot volume and $50B a day I’m derivatives they are almost 10x more volume that Coinbase in spot volume. They have the Asian market, North America is small potatoes compared to their Asian volume.

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Shawn 2y ago

Good god. Didn’t realize their volumes are that high.

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2Pac 2y ago

They make coinbase look like child’s play.

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HoloKat 2y ago

Exactly

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2Pac 2y ago

Worst case they just pull the pin on the US market and continue dominating everywhere else. I don’t think this lawsuit will make any difference to Binance at the end of the day. It’s just a show.