9/12/2023 0 Comments Binance ceo sold apartmentThose guys are much more interested in earning money, like staking yield, GameFi, etc. People have less contributions, but the number of users is very high. In the rest of Southeast Asia, there are larger populations, but per capita wealth is lower. South Korea is extremely active in trading. That still happens, but compared to the U.S., I think it will be a smaller proportion. To be fair, there are groups who are doing fundamental development of blockchains. And other aspects of crypto have not grown much in China-like payments, which were banned there in 2013. People follow other people, they don't do as much fundamental research themselves. Even billionaires manage their own trading accounts themselves and place orders using a mobile phone.įorbes: Or they invest in property markets, which is why Evergrande has become such a problem?ĬZ: Even China's stock market has always been highly speculative. There are a lot of people who are wealthy, and there's not much of an institutional market in China because people don't trust other people to manage their money. For the last few decades, the economic growth there has been tremendous. There is a lot of money flowing in China. China actually has a lot of novice traders who don’t really know much.įorbes: Is that a function of pretty restrictive capital markets that they don't have a lot of other options? Why do you think they're that way?ĬZ: I don't know why exactly. investor needs to know about trading patterns and the trading industry in Asia?ĬZ: China is more of a speculative market-and that's not a recommended way for trading. ![]() In many ways, it is the largest, yet it's a black box to a lot of people that don't have the time to read Twitter, Discord, etc. One of the reasons I wanted to speak with you is because I want them to get a sense of the Asian market. It is not just a number of coins.įorbes: A lot of Forbes readers are American or U.S.-based. Both were very widely copied by the industry. So we designed one full-screen trading, actually two versions of it. We said, this is not how trading should work. For example, on the product side, when you traded on most websites, you had to scroll up to see the chart and scroll down to place orders-a very non-intuitive way of trading. So I think listing a high number of tokens was an advantage, but being more international was also the first thing we did. Even today, others mostly provide customer support in one language they're very country specific. Our customer support is in 16 different languages. Today, we support 31 languages on our interfaces. We had support for four languages on the day we launched and nine languages within a month. Those are the bigger countries, bigger economies, but we saw that no one was really servicing 80% of the economy outside of those countries. There's a bunch of exchanges in Japan, and they focus on the Japanese market. And even though they do have the bilingual interface, English and Chinese, the way they run operations is very Chinese. Okcoin and Huobi were focused mainly on China. Poloniex and Bittrex, which were the biggest exchanges back then, their trading volume was bigger than that of Coinbase. Coinbase and Kraken were focused on the U.S. When we first started, there were very few exchanges that were internationally focused. But we didn't really think about Coinbase that much. To be frank, we could take that view, and most people may agree with it. Additionally, amid growing economic uncertainty, Nattel recommends that low-valuation convenience stores should be viewed as staple “best idea” stocks for the second half of 2021.CZ: It wasn't intentional. She predicts a significant increase in profits for Couche-Tard's parent company within the first year of operations, thanks to revenue synergies between the two companies. ![]() Meanwhile, Alimentation Couche-Tard's acquisitions, particularly its recent purchase of TotalEnergies SE, provide an attractive valuation to deliver a financially accretive transaction for shareholders, said Irene Nattel of RBC Dominion Securities. As around 250 million iPhones have not been upgraded in four years, Ives expects growing consumer demand for premium devices, in addition to the app store that will be built around the new form factor. Daniel Ives, a Wedbush Securities analyst believes the headset will allow Apple to strengthen its consumer offering and thus increase the value of Apple's stock. ![]() Apple's new augmented reality headset, the Vision Pro, has spurred analysts' attention.
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