Binance CEO CZ raised his support for the self-custody wallets.
Binance increased the maximum order limit for OTC trading across 16 cryptocurrencies.
Changpeng Zhao, the CEO of the world’s largest crypto exchange, Binance, stated that he is supportive of self-custody wallets. Moreover, self-custody wallets are not without risks. Through this tweet reply, CZ raised his support for the self-custody wallets.
Self custody wallets are not without risks.
I am supportive of self custody, IF you know what you are doing.
Stay #SAFU! https://t.co/KnCxfNAxkd
— CZ Binance (@cz_binance) August 11, 2023
On August 11, Changpeng Zhao replied to the tweet, mentioning that he is supportive of Self custody. A crypto writer tweeted that generating wallets using Libbitcoin’s Bitcoin Explorer, as described in the appendix to Mastering Bitcoin. Moreover, he added that if you do, your funds are at risk or have already been stolen. CZ tweeted that self-custody wallets are not without risks.
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