Binance CEO CZ: Crypto Growth Needs Entrepreneurs and Projects, Not ETFs

When asked to comment on the recent controversy surrounding cryptocurrency exchange QuadrigaCX, Zhao said that, while he does not want to comment on other exchanges, “there’s something fishy going on.”Recently, news broke that following the sudden death of its founder Gerry Cotten, Canadian cryptocurrency exchange QuadrigaCX is reportedly missing CA$190 million dollars ($145 million) in digital assets. As Cointelegraph recently reported, though the exchange has taken to court to avoid the collapse, some community members suggest that QuadrigaCX’s cold wallets never existed.Binance’s CEO also said that while “there’s nothing going on right now” for the exchange, the firm is interested in adding Ripple (XRP) as a partner by using its xRapid system. As Cointelegraph explained when the system became commercially available in October 2018, xRapid is a real-time settlement platform designed to speed up international payments sourcing liquidity from XRP.In a tweet Feb. 2, CZ stated that he believes online retail giant Amazon cannot avoid issuing its own altcoin eventually.

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