Binance CEO Changpeng “CZ” Zhao has strongly advised cash-strapped and inexperienced investors to stay away from trading cryptocurrencies amid extreme market volatility and unpredictability.
For those who do have that spare cash, Zhao advised inexperienced investors and traders to think twice before deploying capital into the market in the near future: “If you don't know what's going on, don't try to guess what's going to happen.
We also did not give loans out of the platform.
Zhao confirmed Binance experienced withdrawals following the FTX collapse and several other events that led to a fall in community trust for centralized exchanges.
We have many other profitable businesses that we have,” he said.
We're not trying to centralize everything.

Source - Coin Telegraph
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