For the growth of cryptocurrencies need not ETF. The opinion of the CEO Binance
Source:The General Director of the leading cryptocurrency exchanges Binance Chanpen Zhao said that the ETF for the cryptocurrency cannot be a panacea. This opinion he expressed during the broadcast of the Periscope. In his opinion, the industry is able to develop without the approval of the ETF , and this requires much more real projects and committed entrepreneurs. We will remind, at the moment Binance one of the safest cripture and the world's largest platform for daily trade volume.
Just last week, Cointelegraph reported, CBOE, along with the investment firm VanEck and company financial services SolidX re-application for approval of the ETF with the SEC. A little earlier request in connection with the shutdown of the American government. However, many make a big bet on the approval by the Commission ETF for Bitcoin, as it could potentially be a catalyst for another cryptocurrency bullrun.
On the question around the canadian crypto currency exchange QuadrigaCX Zhao said that he doesn't really like to discuss other exchanges, but in this case, definitely "something suspicious". We will remind, QuadrigaCX CEO Gerald Cotten mysteriously died in India, but people may not believe this story and ask for frozen cryptocurrency equivalent of $ 190 million.
In addition, February 2 Zhao wrote in his Twitter that the retail giant Amazon not do without launching its own cryptocurrency.
As for their own offspring, Chanpen Zhao told about the plans Binance to enter into a partnership with the company and use its system xRapid. It is a platform for payments in real time, which became available for commercial use in October 2018 and is able to speed up international payments. It secured the liquidity of the cryptocurrency . More data to search for .
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