It's not exactly confidence inducing, after all, to see the largest exchange in the world suddenly bail out one of its biggest rivals.
Crypto markets are as shaky as they have ever been — but Binance's dominance is really starting to cement itself. "This elevates Changpeng Zhao as the most powerful player in crypto," Ilan Solot, co-head of digital assets at Marex Solutions, told the. "Zhao’s view of the world will matter a lot more, in terms of how he wants to interact with regulators and policymakers, the weight of his views will be much more powerful."
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