Who Is Lobbying Against Binance? CEO Comments

Binance CEO Reveals Reasons For FUD Against Exchange

December 24, 2022 Story: Divya Sinha

Binance CEO Changpeng Zhao in a series of tweets reveals the reason for FUD against the exchange.

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Zhao mentioned that the industry hates centralization, regardless of CEX helps with crypto adoption at a faster rate.

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He then detailed that some may also lose money on trading and can directly blame them.

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Zhao in the thread wrote that some industry players view Binance as competition and they are lobbying against them.

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He detailed that some media are paid for FUD and are wholly "owned" by "competitors".

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He also wrote about crypto adoption saying that it has not reached mass adoption yet and is probably less than 5% globally.

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Summing it up, Zhao lastly wrote there is no absolute right or wrong for most of the above and welcomed his followers for feedback, but asked to ignore FUD.

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