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CryptoGlobe

2022-12-17 01:19:00

Binance CEO: Exchange Assets Are Backed One-to-One, No Liquidity Crunch

Binance CEO: Exchange Assets Are Backed One-to-One, No Liquidity Crunch

The CEO of leading cryptocurrency exchange Binance, Changpeng ‘CZ’ Zhao, has recently defended that the exchange holds customer assets backed one-to-one that it isn’t facing a liquidity crunch during a run on the bank. During an interview with CNBC Squawk Box hot Aaron Sorkin, Zhao defended that Binance does not have a liquidity crunch and

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