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Centralized systems are here to stay, says Binance CEO CZ
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The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond.
Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need the centralized systems to integrate with the traditional financial industry so that we can bring the money into and out of crypto.”
He caveated the sentiment with reference to the cryptocurrency market as still being a nascent industry, prone to “hackers, Ponzi schemes and scammers.”
Keen readers will remember one of 2021’s legendary rug pulls, Squid Game token (SQUID), which clocked a 45,000% gain before dumping. In early November, Binance launched an
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