Changpeng ‘CZ’ Zhao, former Binance CEO, believes that the encryption portfolio should be the primary interface for the daily Blockchain use, while the stock exchanges often serve professional traders and liquidity providers.
CZ expressed this in X (previously Twitter) with the CEO of TRUST WALLLT EOWYN CHEN.
CZ believes that the encryption portfolios and exchanges have very boycott cases
Although he is no longer a coach, Chic Chic Styles lives a crowded life every day, as he revealed in this recent discussion. Former Binance CEO is to search for new investment opportunities with Yzi Labs (previous Binance Laborators). It also contributes actively to the Gigge Academy.
Chic Chic Styles also talked about his broccoli dog, which has recently become a phenomenon in the area of Mimi. When discussing the encryption portfolios, he expressed how to serve the most vocational trading needs, and the portfolio can become the transition platform for the use of daily Blockchain.
“I don’t think there should be any block in the future. The stock exchanges should be only for professional traders. You know, very adult traders with liquidity. The exchange is liquidity. Most people should not need to interact with exchange,” former CEO Bens Express.
CZ emphasized that most people use encryption exchange as a wallet, and this is a mistake. Platforms such as Binance, Coinbase and other exchanges should be used only for trading. On the other hand, applications such as Trust Wallet serve the purpose of storage Cryptoassets.
This statement reflects a transformation in the encryption industry. The portfolio, which was simple storage tools, plays a major role in asset management, digital identity and payment functions.
The governor now supports a wide range of jobs, such as transfers, wealth management and access to Defi services.
EOWYN CHEN indicated that the TRST port has grown significantly. The statute now attracts ordinary users instead of those interested in speculative trading.
“We have approximately 200 million downloads, and this is about 77 % of financial registration users. For us, we feel as if we are a decentralized portfolio. With all the hoops that you should jump on, this is some honor from the base of users.”
Digital identities portal
CZ also stated that the portfolio can become a gateway to identify digital identity and government services. He pointed out that many governments explore Blockchain solutions to provide citizens with safe digital identities.
The portfolio can support such initiatives and provide a safe place to store assets and digital accreditation data. This point indicates that the portfolio will extend beyond financing to areas such as digital education and public services.
“When governments look at Blockchain, the first thing they need is a digital and decentralized identification solution. Therefore, you need a wallet. You must be able to do everything from the wallet. The wallet is like the browser to the Internet, right? So it is a major infrastructure “Chic Telzel said.
The discussion came at a time when service providers and exchange are increasingly auditing about user data and market practices. EOWYN CHEN said that separating portfolio functions from exchange functions can benefit the ecosystem by capturing different user profiles.
As a result, wallet platforms have the opportunity to serve a wider audience with daily financial needs.
The discussion also affects the emerging role of digital identity and educational tools. Chen described a concept where digital certificates and identity systems integrate with the governor.
This integration will allow users to access educational content, government services and financial tools from one interface. Such innovation can improve the use of daily encryption and pave the way to increase Blockchain technology.
Disintegration
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