Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead – Exchanges Bitcoin News

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Crypto exchange Binance CEO Changpeng Zhao warns of bumpy months ahead.

posted on Tuesday, Changpeng Zhao acknowledged the outflow of funds while insisting that Binance has been in similar situations before. “Some days we have net withdrawals; some days we have net deposits. Business as usual for us,” he said, suggesting “it is a good idea to ‘stress test withdrawals’ on eachMeanwhile, the crypto executive also sought to alleviate concerns about the exchange’s health in a memo addressed to its staff.

“While we expect the next several months to be bumpy, we will get past this challenging period – and we’ll be stronger for having been through it,” CZ told the Binance team. Referring to the latest developments in the space, he added that the recent collapse of FTX has led to “a lot of extra scrutiny and tough questions” for his exchange.

 

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Binance mi guclu yanlış anlama cz sen suan insanlari dolandiran sistemin ag yoneticisisin. Bir defa ciktiniz , sonra insanlardan hep aldiniz. Kafanıza gore delistler, para çalınmalar, token çalınmalari, borsa çöküşleri hepsi ortak planlarınız bence , saf kişiler ne soylerseniz .

Agreed! $BNB is a top-tier crypto asset and its utility is unrivaled. hodl the bag and let's keep the DeFi revolution going strong!

sorry but i'm only sure about finex

Binance has so much money that even if they get into a bad situation, it's enough money to survive this market cycle and become even stronger

Think about it! He's gotta play it cool. If he acts shocked on twitter then people will get more nervous and withdraw more $$$.

I'm not happy nor sad witnessing Binance FUD, but CZ core talking points are ridiculous

CZ is our King.

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Interesting months ahead…

More mainstream soft fud. Who is paying you guys to publish these? Lol

We support CZ!

This is why I only trust ChiefraFba for signals and analysis FACT

Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!

Bumpy if you have your BTC on someone elses exchange....

.cz_binance “bumpy” as in you are like every other institution and don’t hold customer deposits:reserves == 1:1

'bumpy' meaning staff layoffs?

Totally agree, but I only use ChiefraFba for signals and analysis

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Binance CEO says deposits are 'coming back in' but sees 'bumpy' road ahead for the crypto firmBinance CEO Changpeng Zhao on Wednesday said that the situation has 'stabilized' at his cryptocurrency exchange in a bid to assuage investors' fears. I smell Chinese FTX 2.0 As long as the so-called experts say there is a bumpy road ahead, then people will believe this and the road will indeed be bumpy. Create a bunch tether, buy a bunch of shitcoins, sell for real dollars, buy btc and ether, and say 'Hey....flows are coming in.'
Source: CNBC - 🏆 12. / 72 Read more »