Binance CEO cz_binance had a talk with several countries' governments, and one thing was clear to him: segregated order books are a bad idea.
As CZ continues to consult with government organizations as a proponent of cryptocurrencies, he highlighted the need to maintain large liquidity in cryptocurrency markets after various countries called for segregated markets and order books in their jurisdiction.
From our interactions, some countries want a segregated orderbook . This is a BAD IDEA for a number of reasons. Large liquidity is one of the best Consumer Protection mechanisms. It protects against market manipulation, volatility, and reduces liquidations.With Binance operating in over 180 countries, CZ stressed that the division of these markets would make it far easier for traders to swing markets which would lead to further volatility.
“Large liquidity also offers better prices for users. Tighter spread. Lower slippage. This is also a very important form of Consumer Protection. Real financial impact for users.” Binance is working with a number of countries around the world in partnerships aimed at developing cryptocurrency infrastructure and education. CZ met with the president of Kazakhstan in
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