Centralized crypto exchanges reintroduce an element of trust that trustless protocols like Bitcoin and Ethereum remove from finance. Users take on the risks, even if rare, of hacks, frozen withdrawals and other business failures, Casaโs Nick Neuman said recently. And so, amid a period of uncertainty, Zhaoโs primary responsibility is to reestablish confidence in his exchange.
Changpeng Zhao Won’t Rescue Binance by Selling out Crypto Self-Custody