Su Zhu Says Binance is Most Trusted Crypto Exchange
The CEO of FX hedge fund Three Arrows Capital, Su Zhu, has said that Binance which is the largest crypto exchange in the global market also doubles as the most trusted crypto exchange among investors.
“Interesting that @binance, a lightly regulated exchange, has also become the most trusted crypto exchange among actual users. You cant build trust by acquiring govt licenses/rubber stamps.”
Lawmakers impose strict regulations on cryptocurrency trading to prevent the use of digital assets in money laundering and criminal activities in some regions.
The fact not withstanding that main platform of Binance focuses on pure cryptocurrency-to-cryptocurrency trading, it also operates strictly regulated fiat-to-crypto exchanges in Uganda and soon in Singapore with support from the Singaporean authorities and local financial institutions.
Binance might be described as a lightly regulated exchange in comparison to exchanges in the U.S. that are required to be compliant with strict policies.