The CEO of cryptocurrency exchange , , said that he doesn’t think Exchange Traded Funds () “are core to our industry’s growth,” during a via Periscope, Feb. 6.
Zhao — also known in the community as CZ — declared that the cryptocurrency industry will grow with or without the launch of a ₿itcoin () ETF, suggesting:
“I think for our industry to grow we need more entrepreneurs to build real projects.”
As Cointelegraph last week, the Chicago Board Options Exchange’s, along with investment firm VanEck and financial services company SolidX, has re-applied with the Securities and Exchange Commission for a rule change to list a ₿itcoin ETF, after their request the week before. The much-anticipated launch of a ₿itcoin ETF in the U.S. has been as a possible cause for a rally in crypto market prices.
When asked to comment on the recent controversy surrounding cryptocurrency exchange , Zhao said that, while he does not want to comment on other exchanges, “there’s something fishy going on.”
Recently, that following the sudden death of its founder Gerry Cotten, Canadian cryptocurrency exchange QuadrigaCX is reportedly missing CA$190 million dollars ($145 million) in digital assets. As Cointelegraph recently , though the exchange has taken to court to avoid the collapse, some community members suggest that QuadrigaCX’s cold wallets never existed.
Binance’s CEO also said that while “there’s nothing going on right now” for the exchange, the firm is interested in adding Ripple () as a partner by using its xRapid system. As Cointelegraph when the system became commercially available in October 2018, xRapid is a real-time settlement platform designed to speed up international sourcing liquidity from XRP.
In a tweet Feb. 2, CZ that he believes online retail giant cannot avoid issuing its own eventually.
Binance is currently the cryptocurrency exchange by adjusted daily trade volume, according to CoinMarketCap.
Published at Thu, 07 Feb 2019 13:18:00 +0000
