Zhao Changpeng: If we rebuild the global trading platform, we will avoid U.S. users

Zhao Changpeng appeared on the podcast "Meanders." Zhao Changpeng stated that if he were to redo a global cryptocurrency trading platform in 2017, the first principle would be to avoid U.S. users. Their definition of centralized financial platforms is: if you have U.S. users, you need to be subject to U.S. regulation and obtain a license in the U.S. This is not 100% enforced in the U.S., but they have the right and the ability to do so.

Additionally, contracts might be developed a bit earlier. Even some other financial products could potentially be developed a bit earlier, and financial products would be more comprehensive. Communication with regulators might be more thorough. Binance is currently the trading platform that communicates the most with regulators, but the coverage is still somewhat lacking. Moreover, if you really want to do this, the cost is very high. It's not just a matter of money; you need to hire good people, spend a lot of time, and invest a lot of time managing this matter.