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Report: Binance Unlikely to Fail, Crypto to Rebound

The report looks back on 2022 and explains how Binance is set to define the future of the industry.

Bernstein Analysts Predict Crypto Rebound, Hail Binance

Binance is solvent and able to withstand withdrawal tests, says a new industry report from Bernstein analysts. The report released Monday, January 2, also predicts an overall continued growth in the industry despite the growing pains throughout 2022.

One of the companies Bernstein sees driving the future––as it has in the past––is Binance. Binance, says the report (as noted by Will Canny of CoinDesk on January 2), has proven industry leadership over the years and has a deep amount of verifiable reserves to ease investors of any insolvency potential.

“Binance’s undisputed market leadership has not been an accident – it has a long history of doing right by the customer,” Canny quotes from the report.

Binance CEO Changpeng Zhao (CZ) took to Twitter to push an even stronger narrative based on the report. In a pair of tweets, CZ further highlighted Binance’s role in the crypto community.

The report also highlights how the fall of FTX has contributed to an increased market share for Binance, which Bernstein analysts Gautam Chhugani and Manas Agrawal say will likely see a rise in competitors to come after a share of the prize.

Binance’s newfound quasi-monopoly on the world’s global crypto trading market will also continue to grow as the exchange increases mass adoption through licenses and registrations across the world’s financial jurisdictions.

The report from Agrawal and Chhugani details how the crypto industry is likely not down and out. The industry may have taken a few punches but is well-positioned to bounce back.

“Crypto is probably among the few industries that can clock frontier-tech-like growth, in a broadly maturing tech landscape,” the report says. The report also cites “significant headroom for application led adoption” as blockchain takes over the rest of the internet.

The crypto industry should still be seen as a positive long-term investment opportunity, the report says. Bernstein expects the industry to continue to grow and predicts seeing as much as a 100-fold increase in users and asset wealth.

What is Binance:

Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.

Where to find Binance:

Website | Twitter | Discord | Telegram |

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