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Cryptoknowmics 2022-07-07 11:26:16

Binance CEO CZ: “We Have The Largest Reserve In The Industry”

Following the launch of zero-fee Bitcoin (BTC) trading by Binance, the founder and CEO of the platform, Changpeng Zhao (CZ) said that his company has the largest reserve in the industry and that the zero-fee is just a way to take care of its users during a tough market. CZ Wants To Take Care Of His Customers On Thursday, Zhao tweeted that Binance has launched its zero-fee Bitcoin trading for 13 spot pairs. Shortly after, a Twitter user asked him if it was true that Binance could run for many years with the number of reserves they have and asked how the “zero fees” could affect that. In response to the comment, CZ responded that Binance does not brag about numbers like most crypto businesses do but the platform has “by far the largest reserve in the industry.” According to him, the exchange’s launch of zero-fee trading would not affect its reserves. Yes, no worries. We don't brag about numbers. But we have by far the largest reserve in the industry that we know of. This 0 fee is just a way we take care of our users during a tough market. 🙏 — CZ 🔶 Binance (@cz_binance) July 7, 2022 Earlier yesterday, Binance zero-fee Bitcoin that it would be celebrating its fifth anniversary by introducing zero-fee trading for BTC spot pairs starting tomorrow. The initiative will cover 13 BTC spot pairs such as “BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/US...

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