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Only 1% of people can handle crypto self-custody right now: Binance CEO

Published 12/14/2022, 09:17 PM
Updated 12/14/2022, 11:00 PM

Binance CEO Changpeng “CZ” Zhao has cautioned the crypto community about self-custody, suggesting that 99% of people choosing to self-custody their crypto will likely lose it one way or another.

CZ has been been a supporter of self-custody for years, referring to its as a “fundamental human right” but has always urged users to “do it right.” He published a “CZ’s Tips” on self-storing crypto in Feb. 2020.

Outflows of BUSD, USDT and USDC on Binance Over 24 Hour Period Dec. 13-14. Source: Glassnode.

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Show me a person that hasnt lost money handling their money.
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