Centralized Systems Are Integral To Cryptocurrencies, Binance CEO CZ Says In New Year Message To Users

Centralized Systems Are Integral To Cryptocurrencies, Binance CEO CZ Says In New Year Message To Users
фото показано с : zycrypto.com

2022-1-3 21:22

Binance CEO has stated that centralized systems are important for the growth of the cryptocurrency industry.The top exec noted this in a new year message to Binance users urging them to do their research before investing in projects.He broaches other topics like the issue of Binance’s global headquarters and listing of cryptocurrency projects on the exchange.

Binance is a big ship sailing in cryptocurrency waters and users are curious to know where it is headed. The exchange’s CEO sat down to answer questions posed by some Twitter users.

The Q and A Session

Changpeng Zhao, Binance’s CEO has replied to some pertinent questions posed by Twitter users over the state of the exchange. The 5-minute video had the CEO arguing that centralized organizations play a huge role in the crypto ecosystem after a user claimed that these systems were built to “f*** you up”.

“I think today we still need the centralized system to integrate with the traditional financial industry so that we can bring the money into the crypto and also out if they want to go out,” said Changpeng Zhao.

He warned that while some cryptocurrency projects might be Ponzi schemes and scams, users should do their research before investing any funds. CZ, as he is fondly called, wants users to stick to exchanges that make use of KYC over platforms that do not have such requirements. He said that they are “much smaller, much riskier platforms” and most likely do not have customer support.

With the talk about Binance having no headquarters, the CEO claimed that the term is just a concept and staff do not necessarily need to be in an office to be efficient and the pandemic has illustrated this fact succinctly “especially with today’s communication technology.”

He also laid to rest the argument between Binance Smart Chain and Ethereum. He claimed that while BSC is an Ethereum-compatible blockchain, it is much faster and has a higher capacity than Ethereum. He added that these features have attracted more users looking at metrics like daily transaction volumes and daily active addresses.

Why List A Lot Of Coins?

There is the claim that Binance lists a lot of coins on its exchange but Zhao has downplayed the fact by arguing that it is only a small number of assets that are being listed.

“Today we list about 700 coins out of about 6 million coins. Only 1 in 10,000 coins ever created gets listed on Binance, so it is .01%,” said Zhao. “We do try to select the best projects in the industry.”

He notes that as Binance has grown to 90 million users, it is difficult to implement community feedback because of the limited size of its team. He urged users to continue to send in suggestions across multiple platforms and eventually, team members would latch on to the comments. The CEO warned that users should trade cryptocurrency amounts that they are willing to lose because the company will not be refunding the losses incurred by traders.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 524.13 (-100%)

binance year users centralized message new systems

binance year → Результатов: 126


Чанпен Чжао: Binance запустит децентрализованную биржу к началу 2019 года

Глава крупнейшей криптобиржи Binance Чанпен Чжао сообщил, что его компания планирует в начале следующего года представить публичную бета-версию децентрализованной торговой площадки. Just had a productive meeting for #Binance #DEX (decentralized exchange), where $BNB will be native gas, and the exchange don’t control user funds.

2018-10-1 15:53


Binance Might Launch Its Decentralized Exchange by End of 2018

In August this year, Binance CEO Zhao Changpeng tweeted about the demo version of the upcoming Binance decentralized exchange, Traders and investors are beginning to generate more interest in decentralized exchanges over centralized exchanges and binance still wants to be the leader in both the centralized and decentralized crypto exchange sphere.

2018-9-29 21:20


Фото:

Binance намерена запустить криптовалютные биржи почти на каждом континенте

Одна из крупнейших в мире криптовалютных бирж Binance планирует в следующем году запустить аналогичные площадки на нескольких континентах. Об этом глава Binance Чанпэн Чжао рассказал на коференции Consensus, которая в эти дни проходит в Сингапуре.

2018-9-20 14:56


Фото:

VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform

Binance was the first platform to publicly announce that it would be supporting the VeChain (VEN) token swap to VeChain Thor (VET) back in late June. The exchange would then complete the procedure on the 25th of July this year that was accompanied by a 100 Million VTHO Airdrop gift to all the Binance holders […] The post VeChain (VEN) Token Swap on Mobile Wallet Ongoing and a Betting DApp Chooses The Platform appeared first on Ethereum World News.

2018-8-10 13:34


Binance is One-Year-Old, Celebrates by Announcing a Tiered Fee Discount Program

The cryptocurrency exchange giant Binance has announced a new loyalty program for its users. The news coincides with them reducing the BNB discount rate as per their white paper. Binance Reduce BNB Discounts, Introduce New Fee Structure Since their launch this time last year, Binance offered its users unique savings if they used their own.

2018-7-19 21:00


Фото:

Binance подвела итоги за год: цифры впечатляют

С момента появления криптовалютной биржи Binance прошло более года, и сейчас компания подвела итоги своего первого года, разместив в своём блоге сообщение о том, как им удалось за столь короткий срок стать лидером в своей области.

2018-7-19 19:42


Binance рассказала о результатах работы площадки спустя год своего существования

Крупнейшая в мире биржа цифровых активов Binance успешно закончила свой первый год работы на криптовалютном рынке и выпустила отчет о проделанной работе в своем блоге на Medium. #Binance's First Year in Reviewhttps://t.

2018-7-19 17:54


Криптобиржа Binance отчиталась о результатах работы за год

Гонконгская криптовалютная биржа Binance отчиталась о своей работе за прошедший год — с 14 июля 2017 по 14 июля 2018 года. #Binance‘s First Year in Reviewhttps://t. co/dPFv7lscay — Binance (@binance) 19 июля 2018 г.

2018-7-19 17:54


Фото:

Годовой отчет Binance: на 175-й день объем торгов достиг $10 млрд

Биткоин-биржа Binance, возможно, и присутствует на рынке чуть более года, однако уже успела за этот короткий срок вырваться в мировые лидеры по объемам торгов. Сегодня компания подвела итоги первого года работы.

2018-7-19 14:35


Фото:

Биржа Binance отчиталась о результатах первого года работы на рынке

Биткоин-биржа Binance, возможно, и присутствует на рынке чуть более года, однако уже успела за этот короткий срок вырваться в мировые лидеры по по объемам торгов. Сегодня компания подвела итоги своего первого года работы.

2018-7-19 14:35