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Jafrin Ahmed
Jul 7, 2022
by Jafrin Ahmed

Binance CEO CZ: "We Have The Largest Reserve In The Industry"

Binance CEO CZ

Table of contents

  1. CZ Wants To Take Care Of His Customers
Following the launch of zero-fee Bitcoin (BTC) trading by Binance, the founder and CEO of the platform, Changpeng Zhao (CZ) said that his company has the largest reserve in the industry and that the zero-fee is just a way to take care of its users during a tough market.

CZ Wants To Take Care Of His Customers

On Thursday, Zhao tweeted that Binance has launched its zero-fee Bitcoin trading for 13 spot pairs. Shortly after, a Twitter user asked him if it was true that Binance could run for many years with the number of reserves they have and asked how the "zero fees" could affect that.

In response to the comment, CZ responded that Binance does not brag about numbers like most crypto businesses do but the platform has "by far the largest reserve in the industry." According to him, the exchange's launch of zero-fee trading would not affect its reserves.

Earlier yesterday, Binance zero-fee Bitcoin that it would be celebrating its fifth anniversary by introducing zero-fee trading for BTC spot pairs starting tomorrow.

The initiative will cover 13 BTC spot pairs such as "BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP, and BTC/USDT."

The initiative to roll out the zero-fee Bitcoin trading feature was initially launched by Binance.US last month.

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Binance CEO Largest Reserve In The Industry zero-fee Bitcoin (BTC) Changpeng Zhao (CZ)
Binance CEO CZ: "We Have The Largest Reserve In The Industry"
Jafrin Ahmed
Jafrin is a cryptocurrency journalist/researcher fascinated by the world of decentralization. She is hopeful towards blockchain’s innovation and its potential to reshape the world for good. Currently, she is bringing out the best of cryptosphere via covering the latest ins and outs of the blockchain space.

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