“Today, we still need a centralized system to allow us to bring money in and out of crypto,” Binance CEO said.

invideoRounding off 2021, Binance CEO Changpeng Zhao, or “CZ,” responded to a series of tweets compiled from the Binance community, highlighting the message that exchanges like Binance will remain relevant in 2022. and the following years

CZ posted a tweet about the dark side of centralized finance and the future of decentralized finance, with CZ saying, “Today we still need a centralized system to integrate with the traditional finance industry. so that we can bring money in and out of crypto.”

It also refers to the cryptocurrency market as still a nascent industry. and are more likely to be subject to “hackers, or Ponzi schemes and scammers.”

“Binance lists about 600 or 700 tokens out of a total of over 6 million tokens, so only 1 in 10,000 tokens ever created will be on Binance, or that’s about 0.01%. which is a very small number.”

In terms of growth, Binance has over 90 million users worldwide. This leaves the company’s team of “two thousand Binancians”, where 2021 has not flown smoothly. Due to regulatory approvals in Canada and Bahrain, it will bring Binance services to crypto enthusiasts around the world.

Meanwhile, CZ will continuehold His next two favorite coins are Binance Coin ( BNB ) and Bitcoin ( BTC ), and he wishes us all a Happy New Year. and said he would “Continue on Binance User Feedback in 2022”

refer : LINK

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