tl;dr
Changpeng Zhao (CZ), the former Binance CEO, predicts that Binance can lead the trend for centralized cryptocurrency exchanges in the future. Binance has launched Binance Alpha 2.0, aiming to bridge centralized and decentralized crypto exchanges, which CZ believes will lead to increased volume for d...
Changpeng Zhao (CZ), the former Binance CEO, predicts that Binance can lead the trend for centralized cryptocurrency exchanges in the future. Binance has launched Binance Alpha 2.0, aiming to bridge centralized and decentralized crypto exchanges, which CZ believes will lead to increased volume for decentralized exchanges (DEX).
Additionally, CZ commented on North Korean hackers' Bitcoin holding size, jokingly noting North Korea's method of building a strategic cryptocurrency reserve.
This week, Binance China rolled out an update that is to bridge centralized crypto exchanges (CEXes) and decentralized ones (DEXes) – Binance Alpha 2.0.
On March 17, Binance China issued an intriguing post, urging users to update their Binance app to the latest version. A post that followed spread the word about Binance Alpha 2.0’s launch in the Chinese-speaking region. A Binance post published on the Binance Square social media site says, “Alpha 2.0 aims to enhance liquidity, improve capital efficiency, and provide users with greater accessibility across the platform.”
Zhao also predicted that other centralized exchanges are likely to copy this in the future and “DEX will get more volume.”
Earlier this week, Zhao commented on the data shared by Arkham Intelligence about how much Bitcoin is being held by the hacking team Lazarus Group, believed to be affiliated with the North Korean government. The size of its Bitcoin stash is valued at roughly $1.16 billion – 13,518 BTC.
Thus, North Korea has become the third largest Bitcoin holder among governments – after the U.S. and U.K., which hold $16,928,463,649 and $4,055,461,003 worth of Bitcoin.
While North Korean BTC has been stolen from crypto exchanges, the Bitcoins held by the U.S. and U.K. were confiscated from illicit activities over the past few years. CZ stated jokingly that North Korea has come up with its own method to build a strategic cryptocurrency reserve.