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Binance CEO CZ Explains Support for Bitcoin and Decentralization of Child Networks

Binance CEO Changpeng Zhao (CZ) has stated that he is a strong supporter of Bitcoin (BTC) despite the company's focus on developing other cryptocurrencies and blockchains. CZ also addressed concerns about the decentralization of Binance's blockchains, stating that the company prefers to let its child networks remain independent.

He emphasized that Binance treats all blockchains equally from the perspective of its exchange business. Binance recently confirmed that it is setting up nodes to support Bitcoin's layer 2 lightning network to facilitate cheaper and faster BTC withdrawals from the exchange.

Bitcoin Bitcoin $96,182.75
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Binance CEO Bitcoin Lightning Network
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