Bitcoin Spot ETF applications, which marked the year 2023, also attract the attention of the powerful actors of the industry. Binance CEO Changpeng Zhao also spoke in recent days, when trillions of dollar asset management companies took turns applying. According to Zhao, the bigger the industry gets, the better it will be.
CZ, In a Twitter Space broadcast he participated as of July 5, 2023, Bitcoin Spot ETF He talked about his applications. The famous manager said that they welcome more players and that it will be easier to reach more people. Stating that he does not see the applicant companies as competitors, CZ stated that innovations will come and they will help their development.
The Bitcoin Spot ETF applications came after the lawsuits filed by the US against Binance, Binance US and Coinbase exchanges. It was seen that Binance, whose volumes in the US arm reached the bottom point after the lawsuits, also fell behind in market volumes. The stock market that companies show as partners in ETF approval applications coinbase had happened.
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