Following the collapse of competitor exchange FTX, Binance CEO CZ outlined the six most fundamental standards that all centralized exchanges should embrace in order to guarantee confidentiality. CZ Standards For Centralized Exchanges According to CZ, the following six guidelines assist in maintaining the security and safety of centralized exchanges for users. The exchange encourages its participants to make the same commitment, and it is eager to participate in this conversation with businesses, government officials, and the public. Be cautious with user money. Never utilize native tokens as security. Share tangible evidence of your holdings. Maintain robust reserves. Keep your leverage The post CZ Binance Outlines Six Standards for Secure Centralized Exchanges appeared first on Cryptoknowmics-Crypto News and Media Platform .
