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5 Types of Businesses/Exchanges/Projects to Avoid, Says Binance CEO

Cointime Staff· 1 min read

Binance CEO Changpeng Zhao suggests there are five types of businesses/exchanges/projects to avoid:

- are not profitable (musical chairs)

- survive by selling their own tokens

- are not profitable (musical chairs)

- survive by selling their own tokens

- give high incentives for locking your tokens

- have a large total supply, but only a small circulation supply

- involves loans

Due to the prominence of FTX and its high level of integration within the crypto industry, Zhao expects significant fallout. The Binance founder said he anticipates that more companies will fold as the exchange’s collapse cascades across the industry.

# Biance # FTX

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