Crypto companies have to hold assets one-to-one, says Binance CEO Changpeng Zhao
Binance CEO Changpeng Zhao joins CNBC’s ‘Squawk Box’ to discuss how the company is working to avoid a major fallout similar to the crypto exchange FTX.
I don't understand relationship between cash & crypto. If you buy crypto through an exchange, then suddenly that crypto is worth times as much, so you convert to cash. There isn't 10 times as much cash available, so how would crypto exchange handle that. Seems like a run on the bank is inevitable and 90% would lose their investment. Seems like there is a built in problem.
CZ is very articulate in English. Good job explaining that. Binance had conversion issues not liquidity issues, they don't owe anyone, they have no VC money, they are self contained, just because you got bit by one snake doesn't mean every other "s"animal is the same! OK!👌
Good luck trying to stump CZ, his past actions speak much louder than his words. Go back in time a few years ago when Binance was hacked for millions of dollars; what did CZ do? He was able to recover some of the money and used their own money to cover the difference. This is an admirable company. But, most ppl dont know these stories or facts because they are still stuck on trying to understand what crypto is and where it can provide value. If you dont, I challange you to personally try to learn about it; when you do, then you will see how powerful it will become.
You can call AMMZ22X bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but AMMZ22X breaks everything
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I don't understand relationship between cash & crypto. If you buy crypto through an exchange, then suddenly that crypto is worth times as much, so you convert to cash. There isn't 10 times as much cash available, so how would crypto exchange handle that. Seems like a run on the bank is inevitable and 90% would lose their investment. Seems like there is a built in problem.
Imagine missing the Amazon AMMZ22X on-going presale, HODL STRONG the public sale about to explode
It is a good time to invest in AMMZ22X Great potential
CZ is very articulate in English. Good job explaining that. Binance had conversion issues not liquidity issues, they don't owe anyone, they have no VC money, they are self contained, just because you got bit by one snake doesn't mean every other "s"animal is the same! OK!👌
I would love to see that future. with the new Amazon token AMMZ22X The world running on blockchain.
I want to believe him, but why take the risk. Lock up your crypto off exchanges. I forsee further downside in this bear market
I’m starting to realize that binance prob didn’t even want any investors like o Leary
Yeahhh CZ 👏🏾👏🏾👏🏾👏🏾
Thanks for deleting the spam bots, While I'm here though, AMMZ22X is the next moon shot for sure
Sounds like this guys knows something apart from stupid SBF
)
Why is AMMZ22X doing so well? That is concerning to me.
Could you please talk about AMMZ22X it’s very strong and took off in short time thanks
I bought 2500 AMMZ22X tokens, too. It will be great profit when it is listed for $2
Thank you for your research. I find your videos are well done. Will AMMZ22X hit 1000? Not sure but I hope so.
AMMZ22X, ETH, and more would be great.
Boys is it best to invest in AMMZ22X monthly or weekly? I'm thinking the fees will be higher if done weekly.
AMMZ22X simply life changing.. absolutely huge.. bigger than huge.. possibly huge(r) than huge.. big
Today AMMZ22X is less than $1. Time for everybody to wake up and get with the winning team.
You cant fight the AMMZ22X Fomo haha
Binance is now and unregulated monopoly, possibly ruled by China … are you OK with that, Decentralized Nation?
Good luck trying to stump CZ, his past actions speak much louder than his words. Go back in time a few years ago when Binance was hacked for millions of dollars; what did CZ do? He was able to recover some of the money and used their own money to cover the difference. This is an admirable company. But, most ppl dont know these stories or facts because they are still stuck on trying to understand what crypto is and where it can provide value. If you dont, I challange you to personally try to learn about it; when you do, then you will see how powerful it will become.
You can call AMMZ22X bots but that does not change the fact that the shill is absolutely deserved. Out of all launches we had, talk about ETH, talk about XRP, talk about all these new chains but AMMZ22X breaks everything