Centralized exchanges remain CZ, according to Binances. also relevant in 2022 and beyond

In a closing video from 2021, Binance CEO Changpeng Zhao (CZ) responded to a curated series of tweets from the Binance community.

The Sino-Canadian CEO’s striking message is that centralized exchanges like Binance will remain relevant in 2022 and beyond.

“Today we still need centralized systems that integrate into the traditional financial industry in order to bridge the flow of money into / out of crypto.”

However, he cautioned that the cryptocurrency market was still a nascent industry, prone to “hackers, Ponzi schemes, and scammers”.

Interested readers will remember one of the iconic carpet pulls of 2021, the Squid Game (SQUID), which posted a 45,000% profit before dumping. In early November, Binance launched a token investigation to track the funds involved in this epic pump and dump.

When CZ was asked to have biased certain blockchain projects, or even coins, which, according to a Twitter user, are “completely fake,” CZ replied:

“Binance lists roughly six or seven hundred coins out of nearly six million. Thus, only one of 10,000 coins ever born is listed on Binance. That’s about 0.01% – a very small number. ”

While coin selection is controversial, tighter regulation of Centralized Exchanges (CEX) was tightened in 2021 this year.

In terms of growth, Binance now has more than 90 million users worldwide. 2021 will be a huge hit as Canada and Bahrain have given the green light to bring Binance services to more crypto enthusiasts around the world.

In the meantime, CZ will continue to hold 2 of its favorite coins, Binance Coin and Bitcoin.

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