On an interview with CNBC’s Ran Neu-Ner, the CEO of Binance cryptocurrency exchange Changpeng Zhao stated that trading volume on the exchange was down 90% from January. However, Zhao stated that the exchange is still profitable compared to two or three years ago, and that it was natural for people to trade less when prices are low.

Zhao has also stated that the number of users and the cryptocurrency held on Binance is increasing steadily, and that the security of the platform encourages new users to join.

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