Payment giants Visa and MasterCard recently announced the suspension of their crypto card business with Binance, CoinRoutes CEO and co-founder Dave Weisberger said, given all the legal challenges Binance is facing, the moves of mainstream companies such as Visa and MasterCard Not surprisingly.
He believes the move is unlikely to hurt Binance’s market share given its extensive global presence. “It’s hard to assess the impact on Binance, which is still the leading exchange from a liquidity standpoint and until that changes, people will continue to trade there,” he said.
Leo Mizuhara, chief executive of Hashnote, a CFTC-regulated institutional digital asset management platform, said the end of the partnership may not be a big deal for the industry as a whole.
“In terms of impact on the industry, this development may not be a big deal, as individuals and institutions exiting Binance have already done so given the issues with the CFTC and DOJ,” he said. It was expected.”