Changpeng Zhao, CEO of Binance, emphasizes continued education, enhanced user protection, and leading compliance standards as Binance's key focus areas for 2023. He also advises traders to remain calm during market volatility and highlights the potential for growth in the long term.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Changpeng Zhao, the chief executive officer (CEO) and the world’s largest cryptocurrency trading platform Binance, has taken to his official account on the X social media network (formerly known as Twitter) to reaffirm the things Binance will focus on this year. He stated that Binance’s priorities remain clear, outlining them for the crypto community: “Continuous education. Enhanced user protection. Leading compliance standards.”On Monday, Binance’s chief executive tweeted that it is normal for traders to panic during market volatility and sudden sell-offs. He reminded the community that the current market decline is not the first one in the history of crypto and “it won’t be the last one.” Richard Teng, a prominent figure in the Binance ecosystem, offered advice on how to survive the current market crash. As Bitcoin first crashed by 9% on Monday and then again by 3.65% today after a 10% recovery, Teng said that it is important to remember that the market downsize is temporary since it works in cycles similar to traditional markets. The good news is that according to Teng, the overall trajectory of the crypto market has been targeted on growth. The second piece of advice is that now is the perfect time to “build and learn”, when markets fall, according to Teng. The CEO believes that now is a perfect time to work on developing new products, improving technical skills, studying new projects, etc. The final observation shared by the Binance boss with the community is that as the “crypto market matures, volatility will become less of a concern.” During this market downturn, digital assets gain utility value, he pointed out. The world’s bellwether cryptocurrency Bitcoin has regained 1.55% and is changing hands at $99,800. That small rebound took place after a 3.72% decline suffered by BTC after China implemented tariffs on US imports, mirroring a similar movement from the US on Saturday. President Trump also imposed tariffs on imports from Mexico and Canada. However, after negotiations, he suspended those tariffs for a month to begin with. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc
Binance Cryptocurrency Market Volatility Changpeng Zhao Education Compliance User Protection Bitcoin
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance CEO Predicts New Crypto High in 2023 on Back of US RegulationRichard Teng, CEO of Binance, believes that clearer cryptocurrency regulations in the US under the new Trump administration will lead to a new all-time high for the crypto industry in 2023.
Read more »
Ex-Binance CEO Shares Crucial Tips for Altcoin Investors"Stop investing in altcoins?": Ex-Binance CEO drops key advice for crypto holders
Read more »
Cleveland Orchestra CEO Among Top Nonprofit Earners in 2023Andre Gremillet, CEO and President of the Cleveland Orchestra, earned the seventh-highest compensation among nonprofit employees outside healthcare in Greater Cleveland during 2023. The report, based on the latest IRS Form 990 tax filings, reveals that 34 nonprofit employees in various sectors earned over $500,000, with three exceeding $1 million. Case Western Reserve University had the most representatives on the list, highlighting the concentration of high-paying roles in the education sector.
Read more »
Binance Labs Rebrands as YZi Labs with Ella Zhang Returning as HeadBinance Labs, the venture capital arm of Binance, has rebranded as YZi Labs. Ella Zhang, who played a key role in founding Binance Labs, is returning as the head of the new company. Changpeng Zhao (CZ), Binance's co-founder and former CEO, will take an active advisory role. The rebranding aims to emphasize its independence from Binance and expand its investment focus to Web3, AI, and biotech.
Read more »
Binance CEO Richard Teng: Remote-First Model is Essential for Crypto IndustryBinance CEO Richard Teng argues that a remote-first work model is essential for the cryptocurrency and Web3 industry. He cites the global and decentralized nature of crypto as reasons why a remote workforce is more suitable than traditional office setups.
Read more »
Binance CEO Reveals Jaw-Dropping Plan to Onboard One Billion UsersBinance CEO Richard Teng unveils shocking goal
Read more »