Zhao Changpeng: CeFi institutions can be more transparent than traditional financial service providers

ChainCatcher news, during the "CeFi Future, Starting Now" roundtable discussion at the 2023 Hong Kong Web3 Carnival, Binance founder Changpeng Zhao stated that CeFi trading platforms can also be very transparent, with good proof of reserves verified on the blockchain. Binance has been doing this, while FTX wanted to do this but did not make it public. CeFi institutions can be more transparent than traditional financial service providers.