Binance CEO on why he thinks separate liquidity for countries is a ‘bad idea’

Binance, the world’s largest crypto exchange by trading volume, has been approached by many countries for creating a “separate order book” (liquidity), but according to Changpeng Zhao, the exchange’s founder and CEO, it’s a “bad idea.” for many reasons.”

Zhao explained in a Twitter thread on Sunday that ample liquidity is one of the “best consumer protection mechanisms” because it protects investors from “market manipulation and volatility and reduces liquidations.” However, he believes that creating a separate order book for each country will lead to increased volatility in the crypto market, which is inherently volatile.

https://www.ibtimes.com.au/binance-ceo-why-he-believes-separate-liquidity-countries-bad-idea-1836311?utm_source=Public&utm_medium=Feed&utm_campaign=Distribution Binance CEO on why he thinks separate liquidity for countries is a ‘bad idea’

Fry Electronics Team

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