we know CZ has the majority of the stocks, what will happen if he sold all those, will it affect the crypto space?
And with the new CEO Richard Teng can he continue what CZ has been started or Binance will have a different path in the future?
what are your thoughts?
I will say organizations like these are not non-professional they do follow all the norms and regulations and standards to keep things on track if one of the main role players from the board is absent due to any of the reasons, what if death comes to any of the ceo of any company not just talking about CZ, will the company be abandoned by the investors, maybe by few but to overcome the fear of the future of Binance.
You have to look into the office of Binance, and who has how many shares, who can make decisions after a board member is absent, and if the new Tend is good enough then it must be for some reason so we should trust it although a hell lot of volume being withdrawn from the exchange that's due to the fear of Binance shut down fear. It's natural for people to be afraid as they love their money but I am still observing things so I will also say for the moment that avoid Binance for holding purposes (although it's obvious for other CEXs too but for Binance make sure you do follow it).
