Binance's CEO Sows Doubt in Crypto Rival Coinbase and Digital Asset Manager Grayscale – Then Backtracks

Battles between crypto exchange titans has driven much of this month's chaos in the industry. The latest salvo from Binance's CEO appears to have been inaccurate.

On Tuesday, Binance CEO Changpeng "CZ" Zhao stepped into one of the biggest worries of the moment: doubts among some observers that Grayscale, operator of the biggest bitcoin trust, actually holds all the bitcoin it says it does. Grayscale, which – like CoinDesk – is owned by Digital Currency Group, has said those concerns are unwarranted. And Grayscale has been backed up by its partner Coinbase, the exchange that holds the bitcoin.

(by NIck Baker)

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