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Can Binance survive at this stage? Here's what you need to know. That's the multibillion-dollar question the cryptocurrency giant faces after Zhao agreed to a plea deal and stepped down from the company. Started by the Chinese-born entrepreneur in 2017, Binance went from being a relatively obscure name to being a major force in crypto in a matter of weeks. Experts CNBC spoke with said that Binance is likely to make it through the ordeal despite a turbulent situation. They cited the company's decision to comply with the DOJ process and implement a three-year strategy to get its operations into compliance, and the amount of assets held within the company's reserves. "The sum of $4 billion is clearly very large and will create real pain for Binance's balance sheet," Yesha Yadav, Milton R. Underwood professor of law and associate dean at Vanderbilt University, told CNBC via email. "However, this fine does not appear aimed at dealing a fatal blow to the exchange. Based on Binance's dominant position within the crypto-ecosystem over a number of years, CZ's personal wealth ... and continuing trading volumes despite declines in overall crypto trading volume as well as in Binance's market share relative to other venues, I doubt that Binance will face risks to its solvency in paying this fine."  #binance #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #BinanceSquareInsight $SOL $ADA $SHIB

Can Binance survive at this stage?

Here's what you need to know.

That's the multibillion-dollar question the cryptocurrency giant faces after Zhao agreed to a plea deal and stepped down from the company.

Started by the Chinese-born entrepreneur in 2017, Binance went from being a relatively obscure name to being a major force in crypto in a matter of weeks.

Experts CNBC spoke with said that Binance is likely to make it through the ordeal despite a turbulent situation. They cited the company's decision to comply with the DOJ process and implement a three-year strategy to get its operations into compliance, and the amount of assets held within the company's reserves.

"The sum of $4 billion is clearly very large and will create real pain for Binance's balance sheet," Yesha Yadav, Milton R. Underwood professor of law and associate dean at Vanderbilt University, told CNBC via email.

"However, this fine does not appear aimed at dealing a fatal blow to the exchange. Based on Binance's dominant position within the crypto-ecosystem over a number of years, CZ's personal wealth ... and continuing trading volumes despite declines in overall crypto trading volume as well as in Binance's market share relative to other venues, I doubt that Binance will face risks to its solvency in paying this fine." 

#binance #binanceus #BinanceSquareAnalysis #BinanceSquareUpdates #BinanceSquareInsight

$SOL $ADA $SHIB

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