Some exchanges trade against users and lose them, Changpeng Zhao notes

Some exchanges trade against users and lose them, Changpeng Zhao notes
Binance growth driven by user retention

Changpeng Zhao highlights that Binance's rapid market share growth in new sectors is driven by a user-first approach.

He contrasts Binance with other exchanges that prioritize extracting maximum profit and high fees from users or trade against them, risking user attrition.

Zhao has previously argued that keeping coins on exchanges may be statistically safer than self custody, citing the visibility of exchange operations in an earlier post (read more). He also warned that even hardware wallets can contain bugs, and suggested splitting funds, though he acknowledged that this approach introduces additional risks (details here). These views come as the Binance founder continues to discuss safety and user protection in the crypto sector.

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