In the revolution of Cryptocurrency, non-professionals and investors consider experts as stars. The time has come where you can find supporters of cryptocurrency everywhere and not only on crypto exchanges. In the revolution of Cryptocurrency, non-professionals and investors consider experts as stars.
People gathered around forerunners and experts of the cryptocurrencies and blockchain as if they are some celebrity. The same incident has happened in Singapore where many supporters besieged CEO of Binance.
At the Coindesk conference held in Singapore, many new and old investors surrounded Zhao for his autograph and Selfies. They treated him like some movie star. Later on, security was called for his rescue from the fans. As the awareness of Cryptocurrency and exchange is increasing, their developers are also becoming famous among peoples. New investors are looking up to the pioneers for some expert advice before investing their money.
The warm welcome and support from people in the conference did not deter Zhao he clearly stated that Binance will not launch its products and will not operate in North America because of the higher number of hacks that happened with other platforms recently. Some exchange failed to fulfill the security requirements for its investors. Some of them are Gemini, Coinbase, etc. The regulators have asked for detailed inspection of these exchanges.
Binance along with other three platforms did not allow trading in New York because of the high number of hacks in the digital currency. Zhao also mentioned the company`s current profit that is $350 million and its upcoming plans.