EPISODE 15: Covid drives Binance trading up 5X with ChangPeng Zhao
Our guest this week needs little introduction to anybody in the crypto and blockchain world. Changpeng Zhao, better known by the kindly acronym CZ, is the CEO of the world’s biggest exchange Binance.
I shall take the liberty of calling him CZ and in this episode CZ speaks on a wide range of subjects, not least the effect of Covid-19 on Bitcoin and crypto activity on the Binance exchange, as well as the long-term implications on this extraordinary disruption to all types of finance.
According to CZ, exchange volumes have gone up more than 500% over the past three months as traders and speculators have either moved over from more traditional fiat exchanges or incumbent investors have increased their activity.
He also links this with the recent Bitcoin halving and is fundamentally optimistic about the future of crypto as a more mainstream from of money that will continue to gain critical mass.
Moreover, CZ was also questioned about the security of his exchange and recent high-leve stories about wallets being hacked and the booty being transferred to the Binance exchange and the being converted into other cryptocurrencies such as Monero and being spirited away to the extent that law enforcement agencies such as the FBI and UK Police lose the trail.
While being relatively non-commital on how Binance has improved its security in light of these stories, he confronts the questioning front-on and comes across as somebody who understands transparency.
Listeners to BlockSpeak who are fascinated by how exchanges work and this increase of magnitude of trading during these surreal days will enjoy this episode. The numbers certainly back this up.
This episode has proved to be the most-viewed of all our conversations to date and we’re delighted to announce that CZ will be joining us later this year to share future opinions and reflections.
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