• Market Cap: $3,436,355,556,240.76
  • 24h Vol: $122,293,512,286.30
  • BTC Dominance: 60.78%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Country-specific crypto markets a bad idea, CZ says after gov’t talks

Jon Hartney by Jon Hartney
August 1, 2022
in Bitcoin, Blockchain, Business, Market
0

Yale graduate student Karam Alhamad created the ZeFi Foundation to educate future crypto users and address problems

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Binance CEO Changpeng “CZ” Zhao has stressed the importance of market liquidity after various countries ask for segregated order books.

Binance CEO Changpeng “CZ” Zhao has highlighted the shortcomings of segregated cryptocurrency markets after recent talks with governments from different countries.

The global cryptocurrency exchange’s CEO has become increasingly involved in policy discussions with various governments as Binance continues its global expansion. Binance most recently obtained a license to operate in Spain, Italy and Dubai to add to a global list of countries it now operates in.

Related articles

Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

May 20, 2025
Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

May 20, 2025

As CZ continues to consult with government organizations as a proponent of cryptocurrencies, he highlighted the need to maintain large liquidity in cryptocurrency markets after various countries called for segregated markets and order books in their jurisdiction.

From our interactions, some countries want a segregated orderbook (liquidity). This is a BAD IDEA for a number of reasons.

Large liquidity is one of the best Consumer Protection mechanisms. It protects against market manipulation, volatility, and reduces liquidations.

1/5

— CZ Binance (@cz_binance) July 31, 2022

With Binance operating in over 180 countries, CZ stressed that the division of these markets would make it far easier for traders to swing markets which would lead to further volatility. The Binance CEO also argued that arbitrage traders that typically balance cryptocurrency prices across different exchanges or order books were not as efficient as a single order book:

“Large liquidity also offers better prices for users. Tighter spread. Lower slippage. This is also a very important form of Consumer Protection. Real financial impact for users.”

Binance is working with a number of countries around the world in partnerships aimed at developing cryptocurrency infrastructure and education. CZ met with the president of Kazakhstan in May 2022 to sign an agreement to assist in developing legislative guidelines and regulatory policies for cryptocurrencies in the country.

Related: ‘Bad’ crypto projects should not be bailed out says Binance founder CZ

The Turkish Minister of Treasury and Finance also held a virtual meeting with the Binance CEO in July 2022 as the country played host to Blockchain Economy Istanbul. The company launched its first customer service center in Turkey in April 2022, two years after starting operations in the country.

CZ also met with French president Emmanuel Macron in November 2021 to hold discussions around driving the development of Web3 and blockchain technology in the country. Binance pledged $115 million to the initiative at the time. Binance then gained regulatory approval to operate its exchange in France in May 2022.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

by Jon Hartney
May 20, 2025
0

The Dogecoin price has failed to reach its all-time high peaks after repeated rallies and subsequent beat downs So far,...

Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

by Jon Hartney
May 20, 2025
0

Binance is pushing to dismiss a $176 billion lawsuit filed by FTX, claiming

Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

by Jon Hartney
May 20, 2025
0

Maelstrom has awarded Bitcoin developer Ben Allen a $100,000 grant to improve

Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs

Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs

by Jon Hartney
May 20, 2025
0

Solana (SOL) has reclaimed crucial levels amid its price rally, recording its highest range in months However, as the market’s...

Bitcoin is signaling a golden cross — What does it mean for BTC price?

Bitcoin is signaling a golden cross — What does it mean for BTC price?

by Jon Hartney
May 20, 2025
0

Most recent Bitcoin golden crosses have triggered major rallies, though not

Load More
  • Trending
  • Comments
  • Latest
Simple Table of Contents Demo Article

Simple Table of Contents Demo Article

December 31, 2023
8 Best Cheap Crypto to Buy Now Under 1 Dollar December 31

8 Best Cheap Crypto to Buy Now Under 1 Dollar December 31

December 31, 2023
Top Crypto Gainers Today Dec 31 – Quant, Filecoin, Arbitrum, Helium

Top Crypto Gainers Today Dec 31 – Quant, Filecoin, Arbitrum, Helium

December 31, 2023
Crypto Capital Rotation: A How To Guide On Riding The Wave Of Inflows

Crypto Capital Rotation: A How To Guide On Riding The Wave Of Inflows

December 31, 2023
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says

May 20, 2025
Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse

May 20, 2025
Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom

May 20, 2025
Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs

Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs

May 20, 2025

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Can Dogecoin Price Reach $0.7 Again? What The Volume Trend Says May 20, 2025
  • Binance seeks to dismiss $1.76B FTX lawsuit, blames SBF for collapse May 20, 2025
  • Bitcoin privacy tool Payjoin receives $100K grant from Maelstrom May 20, 2025
  • Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs May 20, 2025
  • Bitcoin is signaling a golden cross — What does it mean for BTC price? May 20, 2025

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$84,372.003.58%
  • ethereumEthereum(ETH)$1,885.365.68%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.186.84%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • binancecoinBNB(BNB)$617.995.03%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • solanaSolana(SOL)$128.974.23%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.1736117.78%
  • cardanoCardano(ADA)$0.687.61%
  • tronTRON(TRX)$0.2342340.79%
  • staked-etherLido Staked Ether(STETH)$1,884.065.48%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$84,309.003.84%
  • ToncoinToncoin(TON)$4.157.66%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • chainlinkChainlink(LINK)$14.027.76%
  • leo-tokenLEO Token(LEO)$9.211.17%
  • stellarStellar(XLM)$0.2743585.70%
  • avalanche-2Avalanche(AVAX)$19.647.71%
  • Wrapped stETHWrapped stETH(WSTETH)$2,256.395.40%
  • USDSUSDS(USDS)$1.00-0.01%
  • SuiSui(SUI)$2.429.03%
  • shiba-inuShiba Inu(SHIB)$0.0000137.71%
  • hedera-hashgraphHedera(HBAR)$0.17284810.00%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • polkadotPolkadot(DOT)$4.257.34%
  • litecoinLitecoin(LTC)$85.265.04%
  • bitcoin-cashBitcoin Cash(BCH)$314.248.23%
  • mantra-daoMANTRA(OM)$6.301.94%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Bitget TokenBitget Token(BGB)$4.664.95%
  • wethWETH(WETH)$1,884.285.66%
  • Ethena USDeEthena USDe(USDE)$1.00-0.04%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.18%
  • MurasakiMurasaki(MURA)$4.23-13.71%
  • Black PhoenixBlack Phoenix(BPX)$3.351,000.00%
  • Pi NetworkPi Network(PI)$0.714.53%
  • HyperliquidHyperliquid(HYPE)$13.729.80%
  • Wrapped eETHWrapped eETH(WEETH)$2,003.675.53%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$28.350.76%
  • moneroMonero(XMR)$217.841.31%
  • Zypto TokenZypto Token(ZYPTO)$0.037139-3.47%
  • uniswapUniswap(UNI)$6.217.66%
  • AptosAptos(APT)$5.395.79%
  • PepePepe(PEPE)$0.00000811.37%
  • daiDai(DAI)$1.00-0.01%
  • nearNEAR Protocol(NEAR)$2.635.26%
  • XT.comXT.com(XT)$3.08-1.65%
  • Layer One XLayer One X(L1X)$23.35454.66%
  • sUSDSsUSDS(SUSDS)$1.050.05%
  • okbOKB(OKB)$48.762.12%
  • gatechain-tokenGate(GT)$22.883.58%
  • crypto-com-chainCronos(CRO)$0.1015853.46%
  • Coinbase Wrapped BTCCoinbase Wrapped BTC(CBBTC)$84,342.003.68%
  • MantleMantle(MNT)$0.814.44%
  • Tokenize XchangeTokenize Xchange(TKX)$33.460.86%
  • internet-computerInternet Computer(ICP)$5.517.85%
  • ethereum-classicEthereum Classic(ETC)$17.074.81%
  • OndoOndo(ONDO)$0.817.47%
  • First Digital USDFirst Digital USD(FDUSD)$1.00-0.12%
  • aaveAave(AAVE)$168.6110.19%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • Ethena Staked USDeEthena Staked USDe(SUSDE)$1.170.30%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • Official TrumpOfficial Trump(TRUMP)$10.354.36%
  • vechainVeChain(VET)$0.0233636.04%
  • cosmosCosmos Hub(ATOM)$4.538.09%
  • fantomFantom(FTM)$0.70-1.56%
  • BittensorBittensor(TAO)$231.277.72%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • EthenaEthena(ENA)$0.3616194.37%
  • render-tokenRender(RENDER)$3.6710.91%
  • filecoinFilecoin(FIL)$2.927.72%
  • CelestiaCelestia(TIA)$3.181.75%
  • Black AgnusBlack Agnus(FTW)$0.000183423.46%
  • Lombard Staked BTCLombard Staked BTC(LBTC)$84,465.004.02%
  • POL (ex-MATIC)POL (ex-MATIC)(POL)$0.2063993.13%
  • KaspaKaspa(KAS)$0.0682239.38%
  • STAUSTAU(STAU)$0.17397910.95%
  • FasttokenFasttoken(FTN)$4.020.01%
  • Sonic (prev. FTM)Sonic (prev. FTM)(S)$0.5212.98%
  • algorandAlgorand(ALGO)$0.1896979.65%
  • ORA CoinORA Coin(ORA)$4.885.92%
  • ArbitrumArbitrum(ARB)$0.3397526.22%
  • Arbitrum Bridged USDT (Arbitrum)Arbitrum Bridged USDT (Arbitrum)(USDT)$1.000.07%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • kucoin-sharesKuCoin(KCS)$11.231.19%
  • Solv Protocol SolvBTCSolv Protocol SolvBTC(SOLVBTC)$84,076.003.32%
  • fetch-aiArtificial Superintelligence Alliance(FET)$0.4856098.68%
  • optimismOptimism(OP)$0.776.43%
  • StoryStory(IP)$4.75-2.68%