Changpeng Zhao, former CEO of Binance, argues that self-custody of cryptocurrencies carries more risks than storing assets on centralized exchanges. He relies on Willy Woo’s Bitcoin data to support his argument. CZ also highlights Binance’s SAFU (Secure Asset Fund for Users) as an additional guarantee for users. This position contrasts with the usual crypto industry discourse that generally recommends decentralization and self-custody of digital assets.
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