Bitcoin
CZ argues self-custody carries greater risk than exchanges
Binance's former CEO has claimed centralized exchanges offer superior safety compared to self-custody, citing loss data and insurance protection.
CZ has contended that self-custody of cryptocurrencies presents higher risk than holding assets on centralized exchanges. His argument references Bitcoin loss data from analyst Willy Woo and points to Binance's SAFU insurance fund as evidence that exchange-based custody provides adequate protection for user assets.
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