Binance and Coinbase Navigate Turbulent Waters, Form Collaborative Partnerships

The cryptocurrency market experienced a sharp downturn in 2022 after the collapse of FTX, prompting investors to seek security by moving funds to cold storage. This volatile environment saw Binance CEO Changpeng Zhao (CZ) express concerns about certain exchanges, including Coinbase. A public exchange of opinions between CZ and Coinbase’s CEO, highlighting the need for transparency and accountability within the industry.