How big is Binance's influence in the crypto world as one of the largest centralized exchanges at the moment, and if this is asked in detail, of course, the influence is quite large. Bitcoin price fell 4 percent after the lawsuit was announced amid fears that the crackdown could hurt trading. In a civil complaint, the Commodity Future Trading Commission (CFTC) accused BINANCE and its founder, Changpeng Zhao, of encouraging Americans to circumvent compliance controls and violating market regulations, according to a Chicago court filing.
Even if we look at this, it is only a glimpse of the lawsuit that is in effect, and has had an impact due to the fall of one of the major countries in the world, especially America. Which means naturally there will be an impact that will affect the market.
What if we get rid of the perception of the condition of the problem in terms of the form of the lawsuit or the condition of the origin of the lawsuit. What if we look at it in terms of the condition of Binance itself as the biggest exchange at the moment. Of course it really gives a big influence isn't it. And it's certainly not because there are words of hatred or dislike, because if taken as a purely negative view it doesn't deserve to be mentioned because it cannot be used as a rational reason for the question raised as this writing.
The context is very simple and should be realized by crypto users, especially the community that is fighting on behalf of crypto as currency according to the creation of bitcoin. Binance as one of the centers of centralization in the exchange world can have a big impact on both positive and negative values. Where the positive side is being one of the centralized adoption centers that are easily accessible to new users. Meanwhile, the negative side will have the effect of collapsing the market value in the world of crypto in the blink of an eye.
Maybe from a positive and negative perspective it can be said that the value of achievement and also the problem of intimidation for one institution is not comparable. Unfortunately, this is the reality that must be made aware of by each party to the existence of a central form above the conditions of decentralization. Not in line and ironic isn't it. But this is a problem that has arisen from the side of the banking world. It turns out that centralization is not a problem over the existence of decentralization but the application of the existence of centralization which is misinterpreted and used.
It's not binance's fault for being big and it's not binance's fault for binance to make a big impact in the crypto world. But the policy is to blame for the existence of crypto world activists in determining their own policies in the aim of growing crypto as a decentralized currency.
The benchmark for the problem of indications and the form of the scope of the word fear of being left behind is the main factor. As the banking world gave birth to thousands of problems due to conditions of failure or crisis in their own institutions that act on behalf of financial institutions above economic conditions. Give birth to forms of monopoly nature and also surrender in the index of personal and group profits.
Simple is simple, but unfortunately from simple things it has become complex and has a broad impact on the word cause and effect. Index interest rate radiation is the culprit of the modelization of the financial world.
