In this video, we discuss the recent news that Binance is launching its own version of Bitcoin called FTX. Many people have been wondering why Binance is doing this, and whether or not they ever had any Bitcoin to begin with.
The answer is that Binance never had any Bitcoin, but instead was always just an exchange platform. This means that they never had any control over the Bitcoin network and could only trade Bitcoin according to its current price.
However, with the launch of FTX, Binance now has the ability to control the supply of Bitcoin, and could potentially have the power to manipulate the price of Bitcoin. This could be beneficial for Binance as it would allow them to control the market, but could also be detrimental to investors who may be unaware of the manipulation.
Ultimately, it is up to the user to decide whether or not to trust Binance and its new currency, FTX. It is important to do your own research and make sure that you understand the risks of investing in any cryptocurrency, including FTX.
