CZ emphasized in his article, the most important role of exchanges at the moment must be to protect users. User funds cannot be used for illegal purposes and must be kept safe.
6 principles of CZ include:
It can be seen that the principles that CZ gave are the mistakes that FTX made that led to the collapse of an empire in the market. Many companies have filed for bankruptcy because of the impact. At the same time, after FTX, there have been many exchanges involved in scandals about using users’ funds in an untransparent manner.
CZ’s principles is timely and contributes to affirming the current market leadership position of Binance and CEO Changpeng Zhao.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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