The head of Binance shared his expectations from the crypto market for 2022.
First of all, Zhao dispelled the myth of the uselessness of centralized exchanges such as Binance.
In his opinion, centralized financial institutions remain a necessary link between the crypto industry and the traditional financial system for converting fiat into crypto and vice versa.
The cryptocurrency market is still not fully formed. So far, it is poorly protected from hackers, scammers and financial pyramids.
In response to claims of biased selection of projects for listing on Binance, Changpeng said:
Binance supports about six hundred coins out of the existing 6 million tokens. This means that only about 0.01% of created coins end up on the exchange through principled selection. This is a very small percentage.
Zhao himself owns two coins - Binance Coin (BNB) and Bitcoin (BTC). In the past year, BNB has firmly established itself in third place in the Coinmarketcap rating.
The year was also successful for the exchange itself, despite pressure from regulators. Summing up, the head noted that the number of users around the world is approaching 100 million.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
The future of Bitcoin Cash is apocalyptic
Initially, in the first weeks of November, the price of Bitcoin Cash (BCH) rose. Investors have begun to accumulate the asset ahead of the upcoming fork and network split, during which holders of the main asset will also receive a new cryptocurrency, BSV. Why did the price drop by 81%?
There is a belief that XRP has no value
Yesterday a large amount of XRP (1 billion) was withdrawn. The transaction was recorded on the Bithumb exchanger, and the commission amount was a meager 0.000012 XRP.
