Binance's CZ: We're Stronger and Ahead in Following Rules.
Binance's boss, CZ, remains confident despite close watch by governments. He talks about the company's strength and the future of digital finance.
Changpeng Zhao (CZ), the boss of the big crypto company Binance, is not worried even though many governments are watching his company closely.
In an online chat, CZ said these challenges let Binance prove its worth and stand strong against rumors. He pointed out that Binance is not the same as FTX, another crypto company that failed. He proudly said, “Binance is much stronger now than two years ago and is doing really well following the rules.”
CZ is also excited about the growth of decentralized finance (DeFi). He thinks DeFi might soon be bigger than traditional finance and mentioned that Defi is now about 5% to 10% of the Traditional finance volume size.
He also spoke about a recent court case involving Uniswap, another crypto project. He said, “The decision on Uniswap was smart and clear. It's a good sign.”
Important to Know: Binance is still facing some challenges. In the U.S.,The SEC and CFTC are asking Binance tough questions. Other countries like Canada, Australia, and France are also looking into Binance's activities.
