CZ predicts ‘existential implications’ for anti-crypto traditional finance

As traditional institutions proactively reduce exposure to cryptocurrencies as a reaction to ecosystem collapses in 2022, Binance CEO Changpeng “CZ” Zhao believes this move could potentially have a negative impact on such traditional financial players. The collapse of major crypto companies, such as FTX and Terraform Labs, reduced trust among investors and forced the traditional market to reevaluate their strategies…