Is Binance a Buy Right Now?
One of the biggest debates going on right now in the crypto world centers around Binance (CRYPTO: BNB), the world's largest cryptocurrency exchange. In the wake of the meltdown of Binance rival FTX, a tremendous amount of fear, uncertainty, and doubt (FUD) is now swirling around Binance. The insinuation, of course, is that Binance could be the next domino to fall.
Against this backdrop, the founder and chief executive officer of Binance, Changpeng "CZ" Zhao, has been publicly taking dramatic steps to quell investor concerns. He has attempted to showcase how Binance is a trustworthy business built for the long run. But questions persist. So is Binance a buy right now?
Most assuringly for investors, Binance has emerged as a champion of transparency and accountability for crypto institutions. Over the past month, Binance has repeatedly called for more oversight, more regulation, and more safeguards for retail investors. The goal, says Binance, should be "stable and clear" regulations for crypto.
Source Fool.com
