Binance CEO Warns Of Long-Term Consequences For Traditional Finance In Crypto Reduction

As traditional financial institutions reduce their exposure to cryptocurrencies following a series of ecosystem collapses in 2022, Binance CEO Changpeng Zhao warns that this move could have negative consequences for these players in the long term.

In a tweet, CZ acknowledged that the failed crypto projects of last year hindered growth in the industry but stated that the industry is already showing signs of recovery.