Is Binance going to Collapse? Binance it’s in Big Trouble

The performance of Binance Coin and Binance USD, the two tokens bearing the exchange's name, demonstrates investors' lack of trust. BNB lost 29% of its value during November and December, leaving approximately 29 million tokens at Binance, 51% less than the exchange disclosed on November 10. Meanwhile, the firm's stock of BUSD stablecoins has dropped by 40%.

Binance also appears to be losing trust and influence in more subtle ways. While net assets have dropped by 24% since November, investors in well-known tokens such as matic, ape, and gala have reduced their holdings on the exchange by 40-50%.

Despite remaining the largest cryptocurrency exchange by volume, Binance has not escaped the nearly year-long decline in digital assets. Its BNB token is down nearly 37% year on year, and the exchange's decision to stop charging fees for spot bitcoin trading as the market tanked cost it about $3 billion in lost revenue per year. According to CoinMarketCap data, the overall value of cryptocurrencies has dropped 56% over the last year, to $848.7 billion.
Breaking with its habit of not disclosing sensitive financial information, Binance issued a public transparency statement almost in November 2022, listing select crypto holdings. However, Binance did not include $17 billion in BNB-denominated assets, which represented almost a quarter of its total assets.

DISCLAIMER:
This channel is for educational purpose only. All videos, presentations and writing are for only educational purposes, and are not intended as investment advise
You can implement this while investing at your own risk and after consulting your financial advisor.