Binance, the largest cryptocurrency exchange in the world, faces a potential existential crisis, with a growing number of financial regulators scrutinizing the industry’s biggest player. So what would happen to crypto if were Binance to fall?

The crypto industry is no stranger to death knells. In 2014, when Bitcoin was a baby, Mt. Gox put it to the test when it got hacked. The industry survived and adopted “not your keys not your coins” as its credo. Bugs have come and gone. There have been a non-trivial number of ponzi schemes. Years later, after a lot of confidence-building and white-knuckling through FUD, disgraced FTX founder Sam Bankman-Fried took the crypto world for a ride.

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Author: Pedro Solimano

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