2022---changpeng-zhao--the-crypto-billionaire-seeks-a-foothold · Full Version

Despite market volatility, CZ remained aggressive, signaling that "bear markets are for building".

: Binance successfully registered as a digital asset service provider in France and Italy, marking a critical step toward legitimacy in highly regulated Western markets. 3. Survival Over Aggressive Growth Despite market volatility

By late 2022, following the high-profile collapse of FTX, Zhao’s strategy underwent a fundamental shift. CZ remained aggressive

: In response to industry-wide distrust, CZ championed "Proof of Reserves" to prove that exchanges actually held the customer assets they claimed. 4. Legacy and the "Freedom of Money" following the high-profile collapse of FTX