Here's some fun facts about Binance that CZ doesn't want you know:

The Binance spot market is ENTIRELY propped up by trading firms like Amber using LOCKED BNB they received from CZ [when he had rugged everyone's Binance equity].

They have NON-SELLABLE, NON-TRANSFERRABLE BNB that they use to farm the launchpad and use as collateral in the spot market at a NET LOSS,

They then farm the market rebates.

The spot market being propped up by BNB is essentially Binance giving MMs Alameda-like loans.

My question to CZ is very simple:

Can you CONFIRM or DENY that nearly 30%~ of the Binance spot market is propped up by locked BNB that certain Singaporean trading firms received in exchange for Binance equity after the ICO?

GENUINELY THINK about this guys.

How is Binance's spot market so deep and liquid compared to everyone else?

Once again, it is because MMs quote at B/E or slight net loss and farm the spot MM rebates.

~ Dr. Axius.

Retar Dio.