Changpeng Zhao (CZ), CEO of Binance, the world’s highest-volume cryptocurrency exchange, made an email to users on how Binance maintains customer assets.
In a recent email to customers, Binance CEO CZ said, each customer your presence separately on a private account He stressed that he was being held. emerging in the cryptocurrency ecosystem to scandals against investors’ interest in central stock markets your trust freshen up wanting CEO, customer assets It is strictly not used for Binance’s operations. especially highlighted.
CEO oversees Binance’s operations own their assets using and customer assets not touched expressed once again. CZ has recently FTX to scandal the existence of every user of the exchange to give confidence to the investors who have witnessed own in the name of defined He stated that he kept them in private accounts. Infrastructure costs has raised for only the authority and to legislation subject to preferred by financial institutions. your method Adoption by Binance Caution pulled.
Also, the CEO says that tokens from time to time hot and cold wallets moved between network save on wages by to users more low stated that it offers transaction fees. One of the hot wallets swimming pool CZ explained that the actual assets are kept in cold wallets and that the liquidity in hot wallets is clear your borders under fall from cold wallets liquidity injection stated that it was done.