Changpeng Zhao is the great CEO of Binance, one amongst the largest crypto exchange. During a live stream through Periscope, he recently expressed that Exchange Traded Funds aka ETFs doesn’t seem core to the industry’s growth.
He is also popular as CZ in a community, also declares about the cryptocurrency industry to nurture and grow with or without the Bitcoin ETF launch. The suggestion reads:
I think for our industry to grow we need more entrepreneurs to build real projects.
While asked Zhao to comment on the controversy regarding QuadrigaCX crypto exchange, he mentioned that if he is not willing to comment on other exchanges, it means there’s something fishy going on.
Following this comment, the news was out about the sudden death of QuadrigaCX’s founder Gerry Cotton and that it is missing CA$190 million dollars’ worth $145 million of digital assets.
CZ also mentions that while we see there is nothing proceeding on right now as far as the exchange reveals, the company…