CEO of Binance, the world’s largest cryptocurrency exchange Changpeng Zhaoa remarkable statement on his Twitter account. Namiother CZ, in his statements on Twitter some countries He said he had a request from them. This demand was the privileged pool of liquidity. According to CZ, the idea is not good at all.

Nureddin Nebati and CZ recently held a video conference. had performed. Minister Nebati said about this meeting: that they have put evaluations on the agenda he said. However, the details of the meeting were not disclosed. CZ’s statement, on the other hand, suggests that the request in question was made during the meeting. All official authorities no explanation came.

“Some countries want privileged liquidity”

Looking at the statement of CZ on Twitter, some countries privileged liquidity areas We see them talking about what they want. That is, the countries in question a special border They wanted it brought. Binance The CEO explains why this is a bad idea:

Twitter message from CZ

Some countries of our interactions require liquidity. This is a bad idea for several reasons. Great liquidity, dear consumer protection one of its mechanisms. Protects against market manipulation and volatility.

Suppose we divide the liquidity among 180 countries. Major investors wake up the markets 180 times easier and will significantly increase volatility. In this case, arbitrageurs will try to stabilize prices. However, these are not as efficient as liquidity pools and they make money for the trades they do. This money consumers paid by.

Moreover; There’s another thing people misunderstand: Exchange users never choose a counterparty. They only trade with the order book. You can think of the order book as a broker. Great liquidity for users offers better price. This is a very important form of consumer protection. Real financial impact for users. Binance has the largest liquidity worldwide. So the best form of consumer protection…

CZ has held talks with several countries

You may remember that Binance CEO, CZ, has been meeting with many countries in recent days and Turkey was one of these countries. What was reflected in the media of his meeting with Minister Nebati was only a visual representation and there was no information about the content of the meeting. details were not given.

In the statements he made after his meeting with Minister Nabati, could be interesting for Turkey. has been considered. Although CZ does not mention the country in its statements on the subject, there is a possibility that he made such a statement because of his recent meetings.

The countries with which CZ has recently spoken are the following;

• Kazakhstan
• Ivory Coast
• El Salvador
• Mexican
• Turkey