Binance CEO Changpeng Zhao made statements about Binance offering leveraged transactions to users and the current bearish cycle in the market.
CNBCof 8 June guest of “Squawk Box Asia” CZ, Binanceof probably a responsible trading program owner the only crypto exchange and that the cycles in the cryptocurrency market four years only this time that history may not repeat itself told.
CZHere’s how Binance enables customers to trade discreetly:
We offer leveraged products only where permitted, not if not.
Binanceapplied to investors who want to make leveraged transactions. mini-test along with other questions during “Do you think your chances of making money are more than 50%?” you asked and “Yes” investors who responded does not allow you to use the product saying CZHowever, investors who trade leveraged and lose their money are considered by Binance. being prevented from trading for certain periods stated.
When asked about how long the current bearish cycle in crypto will last, he said that no one knows. CZhistorically that each cycle lasts four years and 2013,2017 and 2021but strong years that history may not repeat itself expressed.
Just because it was like that in the past doesn’t mean it will be like that in the future.