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The CEO of Binance, leader of the cryptocurrency exchanges, Changpeng Zhao, said he did not think that Exchange Traded Funds (ETFs) "are at the heart of the growth of our sector," he said. direct via Periscope on February 6th.
Zhao – also known in the community as CZ – said the cryptocurrency sector would develop with or without the launch of a Bitcoin ETF (BTC), suggesting:
"I think for our industry to grow, we need more entrepreneurs to build real projects."
As Cointelegraph reported last week, the Chicago Board Options Exchange, investment firm VanEck and financial services firm SolidX have asked the US Securities and Exchange Commission to change their rules to list an ETF Bitcoin to their account. a week before. The highly anticipated launch of a Bitcoin ETF in the United States has been cited as a possible cause for price rises in the cryptography market.
When asked to comment on the recent controversy surrounding the QuadrigaCX crypto-currency exchange, Zhao said that, although he does not want to comment on other exchanges, "he pbad something fishy ".
Recently, it was learned that, following the sudden death of its founder Gerry Cotten, QuadrigaCX, a Canadian account of cryptocurrency, lacks $ 190 million in digital badets. As Cointelegraph recently reported, although the exchange took place in court to avoid collapse, some community members suggest that QuadrigaCX's cold portfolios never existed.
The CEO of Binance also said that, although nothing is happening at the moment, the firm wants to add Ripple (XRP) as a partner thanks to its xRapid system. As Cointelegraph explained when the system became available on the market in October 2018, xRapid is a real-time settlement platform designed to accelerate the search for cash in international payments through XRP.
In a February 2 tweet, CZ said that he thought the online retail giant, Amazon, could not avoid publishing its own altcoin.
According to CoinMarketCap, Binance is currently the largest cryptocurrency exchange in the world in terms of adjusted trade volume.
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