Binance CEO Says “The Worst Part Is Probably Over” For The Crypto Crash

Changpeng Zhao, CEO of Binance, believes the worst of the crypto crash is over.

While speaking at the Point Zero Forum on Wednesday in Zurich, Switzerland, Changpeng Zhao said he believes there won’t be any more major price drops.

“I think the worst part is probably over. We’ve seen a pretty sharp drop.”

Sandali Handagama transcribed Zhao’s words, but the event footage has yet to be released as of Thursday morning.

When speaking on business sustainability for crypto exchanges and lenders, Zhao said, “If you’re only getting users because you’re using incentives to attract users, that’s not a real business model. Eventually, you’re gonna run out of money and you will crash.” 

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