Brexit uncertainty overwhelming cryptocurrency exchanges, says Forbes

19 Jan, 2019

by Alberto Arnaldo

Opinion

The newly opened Binance Jersey exchange has been registering a large influx of users, and some voices in the crypto and finance space are relating the unexpected growth to the in-crescendo Brexit uncertainty.

Binance Jersey opened registrations on Tuesday this week. The €20 registration gift promised to the first 5,000 users might have been partly responsible for the bottleneck in KYC verifications, as reported earlier by Chepicap.

Binance CFO Wei Zhou was quoted recently by Forbes shedding some light into the accurate timing for opening their exchange on Jersey, a self-governing dependence of the UK, around the same dates in which the Brexit agreement negotiated with the EU has been rejected by the Westminster parliament:

"Expanding the cryptocurrency exchange markets with fiat currencies in the European region is opening new economic opportunities for Europeans as well as freedom from looming Brexit uncertainty where the pound and euro are also in concern”

Max Keiser, crypto Twitter personality and host of the Keiser Report on RT, has taken the chance given by this bullish story (for BTC and not for GBP, that is), in order to comment about the upcoming situation, specially in the face of a hard Brexit:

Confirmation! Brits taking my advice and loading up on #Bitcoin as #Brexit chaos and economic uncertainty takes hold.

Only keep money in UK Banks you can afford to lose (particularly RBS). Don’t let charlatans like @Frances_Coppola kill your future. https://t.co/WEWHUA1YDS
— Max Keiser, tweet poet. (@maxkeiser) January 19, 2019

All 4 of the ‘Big-4’ UK banks are technically insolvent. #Brexit chaos could shut them out of global credit markets in a few weeks and force closures. #Bitcoin FTW. @DailyMailUK @BBC
— Max Keiser, tweet poet. (@maxkeiser) January 19, 2019

17.4M Brits who voted for #Brexit. If you’re not aggressively buying #Bitcoin right now you’re not doing it right. Brexit was a vote against City bankster crooks who’ve destroyed your lives. So is Bitcoin. pic.twitter.com/7dreZQ8VM9
— Max Keiser, tweet poet. (@maxkeiser) January 19, 2019