Binance founder CZ spoke at the "Virtual Fireside Chat: CZ" session in Singapore Token2049, saying: Actually, in my opinion, the key is the OTC channel for legal currency exchange for cryptocurrency. Everyone's focus is different, and this is the key to the problems we see. At the beginning of this year, due to the strengthening of regulatory policies, we saw many traditional institutions withdraw from the OTC market. But at the same time, we also saw some new institutions enter the market. This industry already has tens of millions of users.

I believe that doubling the number of users may make the entire industry reach one billion users. For most banks, if they only provide services for one country, they will have very few users. If they get 1 billion users, it is already very large for a bank. We can bring tens of millions or even hundreds of millions of users to these traditional financial institutions and benefit greatly from them. Therefore, we see that many traditional financial institutions hope to seize this opportunity.

So, although people's attention to the higher-level use cases of cryptocurrencies is very important, in order to attract more people to join cryptocurrencies, we must convert legal currency into cryptocurrencies, and vice versa.