The CEO of Binance, the world’s largest cryptocurrency exchange, announced that the company needs a center to better continue their work.
According to Changpeng Zhao, CEO of the world’s largest cryptocurrency exchange Binance, in a recent interview with the South China Morning Post, the company needs to centralize its operations in order to better work with world regulators.
CEO Zhao works for the future of the company. “As the biggest player in the industry, we need to prepare ourselves for change. We are making changes to streamline and improve work.” stated in his words. He touched on the requirements for Binance partners to have clear records on ownership, transparency and risk controls.
Rebuild work has begun on Binance:
Binance has reached more than $2 trillion in the cryptocurrency market this year, with the company starting to reorganize the way it works with this success.
Binance, which ranks first in the world on the crypto currency exchange, continues its working activities without an official center. This year Hong Kong has faced regulatory warnings and numerous restrictions on the way they work around the world, including Japan and the United Kingdom. The company is known to be under investigation by US regulators. The company, which has a large share in the market, continues its efforts to become an institution that is fully compatible with the whole world.