However, even Changpeng Zhao is still surprised by the astronomical speed in which his exchange has grown.
China, Canada, the US, Hong Kong, Japan – I’ve lived in all of those places and that experience helps a lot.
A lot of people, when I started Binance, said, “Look, there are thousands of exchanges in the world already.
As for us, we try very hard to not be number one all the time, because being number one creates other problems sometimes, especially with regulators.
We try very hard to not be number one all the time, but other people are trying very hard to boost their volumes to be number one.
A lot of cryptocurrencies tend to thrive when they get listed on one of the major cryptocurrency exchanges. For altcoins and ERC20 tokens, getting a listing on Binance can make a lot of difference. Not all currencies will succeed in this regard, unfortunately.
However, even Changpeng Zhao is still surprised by the astronomical speed in which his exchange has grown. China, Canada, the US, Hong Kong, Japan – I’ve lived in all of those places and that experience helps a lot.
Crypto ETFs are being studied as a regulated gateway for public access to digital assets. Japan will cut crypto taxes to 20% and reclassify major tokens as financial products. Institutional shifts in Japan could have wider implications for global markets.
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