Binance founder CZ Zhao Changpeng stated at the DC Blockchain Conference that the current U.S. government’s friendliness towards the crypto industry has exceeded his expectations, and the U.S. has once again become a magnet for crypto innovation.
However, CZ directly pointed out the biggest current problem in the U.S. market — insufficient competition. Transaction fees on U.S. exchanges are far higher than international levels, and consumers in the country cannot access the best global prices. The main liquidity pools have also moved overseas.
He believes this issue is not difficult to solve. The U.S. has enough institutional funds, talent reserves, and an innovative foundation. Once competition is fully unleashed, becoming the world’s largest crypto liquidity center is only a matter of time.