HomeBitcoinAccording to Binance's CEO, the worst of the cryptocurrency crash is "probably...

According to Binance’s CEO, the worst of the cryptocurrency crash is “probably over.”


Changpeng Zhao, CEO and creator of cryptocurrency exchange site Binance, says:

“I think the worst is probably over. We’ve seen a pretty significant drop.”

When examining the current price dip in the sector, which some are calling a full-fledged cryptocurrency crash.

On cryptocurrency exchanges and cryptocurrency loans, Zhao warned that only organizations that operate with long-term customer incentives in mind, rather than short-term customer motivations, will be able to withstand the test of time. time.

“It’s not a true business strategy if you only obtain consumers because you utilize incentives to entice them. You’ll eventually run out of money and crash ”

As Coindesk observes, Zhao has a point.

This Friday, the bitcoin industry is attempting to regain ground. Bitcoin is currently trading above $21,000, and Ethereum is trading above $1,100.

Binance temporarily banned BTC/USD bitcoin withdrawals last week.

Celsius also banned withdrawals and transfers last month, citing “severe market circumstances.”

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