Shiba Inu’s BONE token gained popularity and secured six new exchange listings, including OKX. Binance, the world’s largest crypto exchange, is now being urged by the Shiba Inu community to list BONE.
During a recent Ask-Me-Anything (AMA) session on Twitter, Binance’s CEO, Changpeng (CZ) Zhao, engaged with the audience, addressing various questions and topics.
The AMA covered various topics, providing insights into CZ’s views on various aspects of the crypto industry. The Shiba Inu community was thrilled when CZ mentioned SHIB, demonstrating his awareness of the coin’s significance.
CZ’s AMA Reveals Insights On Shiba Inu & Cryptocurrency
During the AMA, CZ discussed the relationship between the banking system and cryptocurrencies, highlighting that the success or failure of banks does not directly impact the crypto industry.
He believes that crypto offers unique advantages such as liquidity, ease of transaction, and global accessibility and should be seen as a complementary alternative to traditional financial systems.
Addressing concerns about KYC (know-your-customer) processes, CZ acknowledged the importance of ID verification for security and compliance. He mentioned that Binance enforces global KYC procedures to set an example for the industry.
However, he also acknowledged the need to improve the user experience and address false flagging issues that may arise during the verification process.
When it comes to regulatory challenges, CZ emphasized the significance of banking support for facilitating seamless interaction between traditional financial systems and crypto.
He expressed that while certain countries are more favorable towards crypto, Binance strives to work with governments and regulators worldwide to establish well-crafted regulatory frameworks that benefit the industry as a whole.
As for meme coins, CZ revealed that Binance evaluates coins based on user demand and trading volume. While he personally doesn’t understand meme coins, he assured that Binance has an independent team responsible for listing decisions and mentioned that SHIB has enjoyed significant trading volume on the exchange.
CZ also touched on the importance of introducing the next generation to crypto and financial literacy at a young age, emphasizing the need to prepare children for a future that values entrepreneurship, innovation, and global commerce.
Although Binance has not yet confirmed the listing of BONE, the Shiba Inu community remains hopeful. CZ’s mention of SHIB during the AMA has undoubtedly fueled their enthusiasm.
With Binance’s reputation as a leading crypto exchange, a potential listing could further propel BONE’s popularity and solidify its position in the market.
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