Q&A: BINANCE CEO ON BUBBLES, MEME COINS AND CRYPTO’S SWINGS
The CEO of Binance, the world’s largest cryptocurrency exchange, doesn’t try to explain why some cryptocurrencies that started purely as a joke have surged so much in price.
He also doesn’t want to say if the exuberance for meme coins like Dogecoin is an indication of a dangerous bubble. But Changpeng Zhao, who goes by “CZ,” does say that it shows the power of decentralization, which has underpinned the huge growth for crypto.
Led by Bitcoin, cryptocurrencies have swelled in value to more than $2.6 trillion, putting them on par with the world’s most valuable stock, Microsoft. Such fast growth is drawing in more investors, as well as gaining the attention of regulators around the world.
Zhao spoke after his company issued a call for more regulation of crypto markets around the
