Binance CEO plays down redemption fears as customers pull money: We can meet ‘100%’ of withdrawals – MarketWatch


‘We don’t use customers money. We have very solid revenue,’ Zhao said Thursday.

Binance CEO “CZ” took to CNBC Thursday morning to down play concerns about his company’s ability to meet customer redemptions.

Eric Piermont/Agence France-Presse/Getty Images

Binance CEO Changpeng “CZ” Zhao on Thursday said the embattled crypto giant would be able to meet all customer redemptions, should it come to that, in an interview with CNBC’s “Squawk Box.”

Zhao’s firm has been dogged by a recent wave of customer redemptions that reportedly neared $2 billion in a 24-hour period, but also reports of potential criminal charges stemming from a long-running investigation into the platform.


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