If all users initiate withdrawals

If all users initiate withdrawals at the same time, Binance will not go bankrupt. The CEO of Binance, Changpeng Zhao, recently responded to criticisms made by members of the

CZ was questioned if Binance would collapse or become bankrupt if users all withdrew their money at once during a recent AMA session. The CEO of the biggest

tldr; Changpeng Zhao, the CEO of Binance, has assured investors that if the trading platform goes bankrupt, users would be refunded first before considering shareholders.

Changpeng Zhao also said that

CZ also stated that Binance will not go bankrupt even if all users initiate withdrawals at the same time. Each cryptocurrency of Binance has more than 100% reserves, so users can withdraw

Changpeng Zhao also said that Binance will not go bankrupt even if all users initiate withdrawals at the same time. Each cryptocurrency on Binance has 100% reserves at any point in time, so

Changpeng Zhao: Binance will not go bankrupt even if all users

CZ said that even if

Binance won't go Bankrupt even if all Users initiate withdrawals: CZ

Changpeng Zhao: Binance Won’t Go Bankrupt If All Users Initiate

CZ said that even if all users initiate withdrawals at the same time, Binance will not go bankrupt. Each cryptocurrency on Binance has more than 100% of reserves, so users can withdraw

CZ: If Binance Goes Bankrupt, Users Would Be Refunded First

CZ: Even if all users withdraw funds at the same time - Binance

[CZ: Binance will not go bankrupt even if all users withdraw

During a recent AMA session

During a recent AMA session, CZ was asked “If Binance users withdraw their funds at the same time, will it collapse/bankrupt?” The CEO of the world’s largest crypto

CZ: Binance will not go bankrupt even if all users withdraw money

Binance Won’t Go Bankrupt Even if All Users Initiate Withdrawals: CZ

CZ

[CZ: Binance will not go bankrupt even if all users withdraw money at the same time] Changpeng Zhao (CZ), founder and CEO of Binance, recently answered questions from the community