Binance and crypto face a bumpy road
Changpeng Zhao, Binance CEO, warns that crypto will face a bumpy ride in the coming months. The exchange has seen a total of $3 billion taken out of it in recent days. Binance appears to be solvent, but it is not clear what the future holds. CZ noted that if governments were more open to digital currencies, this could address some of the problems that Binance has been experiencing in recent weeks. CZ stated that Binance will continue to provide reliable services and ensure customers’ security at all times. CZ also stated that the company had established various teams to combat fraud and monitor suspicious activity. It appears that deposits are now on track for Binance users. However, it is important for all crypto owners to be aware of possible bumps along their way as well the risks associated with traditional and crypto markets. This article is not intended to be used in place of legal, tax, investment or financial advice.