Changpeng Zhao (CZ), CEO of Binance, the world’s highest-traded cryptocurrency exchange, stated that the best protection for market security is high liquidity.
Multinational cryptocurrency exchange CZ, CEO of Binance, 31 July on In his statement on Twitter In some countries where they maintain their operations, regulators reserved order book declared what they wanted. Regulators’ separate order book for the measure CZ, stating that they want safe and innocent announced that he would not make a move. All liquidity of the combined order book Stating that they hold together, CZ said about liquidity:
High liquidity is the best market protection mechanism, protects investors against manipulation and volatility, reduces liquidations.
made statements.
CEO of Binance in 180 different countries continues its operations and all regulators demand a separate order book. Dividing liquidity into 180 parts stated that it will be needed. In this case, the weakening market local whales on the side manipulate to be made 180 times it will also be relatively easier low liquidity volatility in the ledgers significantly stated that it will increase.
Company CEO cross ledger in case of split ledger price difference will, arbitrageurs that he will carry goods to take advantage of the price difference between the books, but that this is not enough to stabilize the market. that it will not be as efficient as the unified ledger. also highlighted.