Jim Cramer Claims Binance Has No Real Legitimacy: Is Your Crypto Safe?
The cryptocurrency world is once again facing scrutiny, this time sparked by strong statements from CNBC\'s "Mad Money" host, Jim Cramer. Jim Cramer claims Binance has no real legitimacy, raising serious questions about the stability and trustworthiness of the world\'s largest crypto exchange.
Cramer\'s Concerns: "Binance Has No Real..." What?
The host of Mad Money, Jim Cramer, has cast doubt on the trustworthiness of crypto exchange Binance. “Why can’t people in charge just admit that Binance has no real legitimacy?” he questioned, echoing growing anxieties after the FTX collapse. His comments add fuel to the already intense debate surrounding Binance\'s operations.
Context: The Post-FTX Landscape
After the implosion of the FTX crypto exchange, various people are arguing about the current status of Binance, the largest cryptocurrency exchange. The failure of FTX has left investors and regulators wary, leading to increased scrutiny of all major crypto players.
Regulatory Pressure: The CFTC Lawsuit
Adding to the pressure, The CFTC has charged Binance with violating trading and derivatives regulations in a lawsuit filed in federal court in Chicago. This legal challenge further complicates the picture and reinforces Cramer\'s concerns about Binance\'s regulatory compliance.
Cramer\'s History of Warnings
Jim Cramer has been warning viewers about potential risks in the crypto space for quite some time. Jim Cramer, the host of CNBC’s “Mad Money”, has taken digs at Binance in his latest tweets on Friday. Cramer claimed the world’s largest exchange isn\'t as secure as some believe.
DraftKings Over Binance? Cramer\'s Controversial Statement
Cramer said ironically that he would trust his money more in DraftKings, a sports betting company, than in Binance, saying Binance has no real legitimacy. This comparison highlights his deep skepticism and implies a lack of transparency or reliability at Binance, even compared to a gambling platform.
Liquidity Concerns and Ongoing Scrutiny
5 de sept. de 2025 Jim Cramer, CNBC’s “Mad Money” host and other financial analysts have voiced unresolved concerns around Binance’s liquidity. Even as Jim Cramer vocally supports Binance, questions about the exchange\'s ability to meet withdrawal demands persist.
Binance: The World\'s Largest, But How Secure?
As the crypto industry continues to feel the heat of the FTX implosion, veteran CNBC host Jim Cramer says, Binance, despite its position as the world\'s largest exchange, remains a risky proposition. Jim Cramer Issues Stark Warning About Binance In a Friday tweet, longtime CNBC host Jim Cramer argues that Binance, the largest cryptocurrency exchange by trading volume, might not be the safe haven some investors believe it to be.
In conclusion, Jim Cramer\'s vocal criticism, coupled with regulatory challenges and lingering liquidity concerns, paints a complex picture of Binance. Investors should carefully consider these factors before trusting their assets to the platform.