Binance, one of the world’s largest cryptocurrency exchanges, is facing questions about its business model and the stability of crypto markets. Binance chief strategy officer Patrick Hillmann joins CBS News to discuss the impact FTX’s collapse is having on the market.
#binance #crypto #ftx
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6 Comments
Who cares! try reporting real news.
Stop having CZ come on air and keep this guy on as main Press Rep 👍
The CSO claims that Binance accounts have zero default risk. In other words, these assets are more secure than any non-FDIC-insured bank deposit.
A money-center bank that has been in business for 150 years could not get this claim past a credit rating agency.
No, you have some credit risk if you have a Binance account. Binance corporate officers should instead assist the customer, through ratings agencies and otherwise, in assessing that risk accurately.
All coin is a sham.
No real backing..no monetary value..
Just a computer print out.
Get your money out before its too late.
Patrick did the Jim Carrey movie thing!