Jim Cramerthe popular host of CNBC’s Mad Money, says he doesn’t want anything to do with binance.
In a tweet Cramer said so on Friday after listening earlier Commodity Futures Trading Commission (CFTC) chairman Tim Massad, he would not do business with Binance and that the crypto exchange was “just way too patchy”. In response, CEO of Binance Changpeng Zhao sarcastically posted an emoji of a folded hand, meaning a token of thanks.
Twitter users also couldn’t stop talking about Cramer’s tweet.
One user mentioned Silicon Valley Bank, which Cramer advised investors to buy shares of before the bank’s collapse.
Another user said Cramer has become a meme.
A third user took a different view from Cramer, claiming that Binance is “on the rise” at the moment and that the crypto exchange is not paying attention to recent unflattering press coverage.
Last week, The CFTC has indicted Binance in violation of trading and derivatives regulations in a lawsuit filed in federal court in Chicago. The crypto exchange facilitates the trading of cryptocurrencies such as e.g Bitcoin BTC/USD, ether ETH/USD, Litecoin LTC/USD, tether USDT/USDAnd Binance USD USD/USD.
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