Markus Thielen, director of research at investment firm Matrixport, spoke about the agreement between Binance CEO Changpeng Zhao (CZ) and the US Department of Justice (DOJ).
Experienced name Markus Thielen C.Z. And DOJ between agreement commented. In his blog post on the subject, he described the agreement as “increasingly positiveThielen described Binance as a market leader in the coming years. top 3 major stock exchanges He claimed that he would continue to remain among them.
This step taken by the world’s largest stock exchange will also affect other cryptocurrency exchanges. will set an example While expressing that, more stock exchanges will be opened in the coming period. Will harmonize with the USA told. This progress will be spot Bitcoin ETF the application process positive While stating that it will affect the cryptocurrency industry agree on common ground He argued that it would be easier to catch him.
In particular, the impact of CZ’s voluntary resignation on Binance Disperses possible dark clouds and the punishment is as expected 10 billion dollars not but $4.3 billion He stated that its arrival has a critical value for the stock market.
On the other hand, according to Thielen, approximately 6 thousand personnel At one point, Binance to shrink will have to go:
With CZ resigning and the fine being less than the feared $10 billion, Binance will likely remain among the top three exchanges for the next 2-3 years. But there will be pressure to ‘right-size’ the company, which employs around 6,000 people. Although the plea settlement does not involve the SEC, this is a very positive outcome for CZ and Binance itself.