Centralized systems are here to stay, says Binance CEO CZ

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Centralized systems are here to stay, says Binance CEO CZ
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Here's how cz_binance responded to concerns of the Binance community.

The Chinese-Canadian business executive’s standout message was that centralized exchanges like Binance would remain relevant in 2022 and beyond.

Riposting to a loaded tweet about centralized finance’s dark side as well as the future of decentralized finance, CZ said, “Today, we still need the centralized systems to integrate with the traditional financial industry so that we can bring the money into and out of crypto.” He caveated the sentiment with reference to the cryptocurrency market as still being a nascent industry, prone to “hackers, Ponzi schemes and scammers.”

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