Zhao Changpeng explains nine reasons for "Binance FUD": some people hate CEX, the popularity of cryptocurrency is not enough, etc

ChainCatcher message, Binance CEO Zhao Changpeng explains the recent "Binance FUD":

1. Some people in the crypto industry simply hate CEX, regardless of whether CEX helps accelerate the adoption of cryptocurrency;

2. Some individuals may blame and attack Binance when they incur losses or encounter other issues in trading;

3. Some industry peers view Binance as a competitor;

4. Some media outlets may exacerbate the situation;

5. Cryptocurrency has not yet reached mass adoption, with possibly less than 5% globally, and many people remain skeptical about crypto;

6. Policymakers still wish to protect traditional finance and do not want to face cryptocurrency innovation;

7. Generalizing, believing that "if one CEX is bad, then all other CEXs must also be bad";

8. There may be a small number of people who are racially biased against Chinese Canadians;

9. Writing articles about "Binance" to gain more clicks. (Source link)