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Jim Cramer Issues Stark Warning About Binance

Binance Bashing Has Started, Will Binance Survive?

Published Dec 18 '22. Last edited Dec 21 '22

Prediction

In a Friday tweet, longtime CNBC host Jim Cramer argues that Binance, the largest cryptocurrency exchange by trading volume, has "no real legitimacy" following the implosion of its main rival.

The host of CNBC's "Mad Money" seems to be puzzled by the unwillingness of market strategists to admit that most cryptocurrencies have no value at all. "Why are there no strategists who say that most crypto are worthless so sell them?" he asks.

Cramer adds that he would trust his money more in DraftKings, a sports betting company, than in Binance.

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