Galaxy Digital CEO praises cryptocurrency exchange

After the fall of FTX, many analysts said that the next giant to fall would be Binance. But the CZ exchange has thrived instead, capturing 92% of the spot bitcoin (BTC) market. Today, some players in the new industry feel that Binance deserves to be congratulated. Such is the case of the CEO of Galaxy Digital who made positive remarks about the exchange during a recent interview.

Mike Novogratz

Mike Novogratz supports Binance

Not everyone thinks so Binance will go down Soon, now that the FTX competitor is out of the competition. In fact, Galaxy Digital CEO Mike Novogratz endorsed the cryptocurrency exchange during a recent interview with Raoul Pal. Tell this to the CEO of Real Vision Binance deserves applause for its crypto business.

Novogratz explained: We have to commend Binance. It constitutes a huge percentage of liquidity. CZ has always placed great emphasis on customer service. So he is a very loyal giant who believes in our ecosystem. We need these guys “.

Mike Novogratz congratulates Binance

The CEO of Galaxy Digital continued to criticize social media users for attacking Binance and CZ. he confirmed :” It drives me crazy how many people on Twitter and other media just want to run people over and wouldn’t be happier than if CZ stepped on a banana peel and got stuck. This is a wrong way of thinking. We need CZ to succeed “.

Novogratz’s outlook for cryptocurrency in 2023

During another interview, this time with CNBC on January 10, Mike Novogratz spoke about his outlook on cryptocurrency. The Business Manager introduced the topic by addressing an issue Coinbase layoffs. He then suggested that the decision of the executives of some crypto companies to lay off employees was a logical one.

For him, the outlook for cryptocurrency is not optimistic. ” We have time to heal and rebuild the narrative, and so people will cut costs and live through this transition period. “, he added. He noted that, in spite of everything, Encryption will not go away.

Although some investors remain wary of Binance, the largest cryptocurrency exchange continues to move forward. She also recently announced that she will be doing more 30,000 Web3 Scholarships this year.

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Avatar for Luke Jose Adenaco
Luke Jose Adjnaco

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I resolved to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.

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