Changpeng Zhao, CEO of Binance, a leading cryptocurrency market exchange, recently told the South China Morning Post that financial institutions entered “in large numbers”.
Zhao said that the largest cryptocurrency market exchange saw more and more institutional investors. Currency Security CEO added that traditional financial services companies and traditional venture capital investors are joining the cryptocurrency field:
“They didn’t carry almost all of the money with 100%… but they did.”
Most importantly, Zhao predicts that encryption may have many previously unimaginable use cases. He believes that the market for irreplaceable tokens will be “huge”, and the NFT team that claims that the currency security is negotiating with multiple creators.
While addressing the recent regulatory restrictions, CZ said that Currency Security should have a headquarters to cooperate with regulators:
“When we run a centralized exchange, we realize that we need a centralized presence to work well with regulators.”
According to Zhao, as one of the leaders in this field, Currency Security must be prepared for regulatory change.
“As the biggest player in the industry, we need to be prepared for this change. We are making changes to make it easier to work with regulators.”