Binance’s founder, Changpeng Zhao (CZ), recently shared his thoughts on user privacy and the market trends of BNB through social media.
In response to a claim from a community member suggesting that Binance has a specialized team for identifying BTC whales, CZ firmly refuted this assertion. He stated, “I would never want Binance to compromise user privacy, nor would I engage in such actions. It’s preferable for third parties to utilize public blockchain data for these analyses as they possess considerable expertise in this area.”
CZ also addressed the speculation about market makers concerning BNB. He explained, “While many projects might employ market makers, BNB does not have any. To my knowledge, no person or organization associated with me has been involved in trading BNB recently.”
The value of BNB has shown remarkable stability amid the recent downturn in cryptocurrency markets. Despite numerous altcoins facing potential double-digit declines by week’s end, BNB has managed to rise by 7% over the past week.
*This is not financial advice.