Binance Ex-CEO Changpeng Zhao Faces Permanent Ban From Managing Crypto Exchange

By September 12, 2024 No Comments

The news that Binance’s former CEO Changpeng Zhao has been permanently barred from managing the Binance cryptocurrency exchange has been a major highlight of the crypto industry, sparking multiple conversations in the crypto community this week. 

Meanwhile, the ETFSwap (ETFS) viral ICO token headlines the crypto industry alongside Binance Ex-CEO Changpeng Zhao as news of its potential 50x token launch in the coming months drives positive market sentiments and euphoria among crypto community investors.

Binance Ex-CEO Changpeng Zhao Permanently Barred From Managing Crypto Exchange, Retains Voting Rights 

Despite facing a permanent ban from managing the crypto exchange, Binance Ex-CEO Changpeng Zhao remains a major shareholder in the Binance crypto exchange. According to top news sources, Binance Ex-CEO Changpeng Zhao’s 90% ownership of the company’s shares gives him authority to vote and make key decisions that affect the company. 

Binance’s ex-CEO Changpeng Zhao also has the power to nominate the exchange directors and replace the CEO. However, despite owning a large portion of the company shares, Changpeng Zhao has made his intentions clear in a statement stating his lack of interest in holding executive roles and involvement in the company’s operations. Meanwhile, BNB trades at $544, according to CoinCheckup trading data.

ETFSwap (ETFS) Set To Drive Positive Market Sentiments With 50x Rally During Token Launch 

ETFSwap (ETFS) DeFi token forecasts by veteran analysts to rally 50x during its grand launch in Q4 2024 is driving positive market sentiments and watering down negative news of Binance Ex-CEO Changpeng Zhao, who was barred permanently from managing the crypto exchange. ETFSwap (ETFS) will launch a fully decentralized crypto trading platform alongside its utility token in Q4 2024, bringing various investment and wealth-building opportunities to smart crypto investors and traders. 

ETFS will serve as a governance token used by a vast community of holders to vote on key decisions and upgrades to its DeFi platform. ETFSwap (ETFS) is borderless and will facilitate swift crypto transactions between crypto users, leveraging the ETFS token as a mode of payment. ETFS will also serve as the primary native token on its DeFi trading platform, which crypto traders will use to pay cheap trading fees. Besides being a store of value, the ETFS token can be seamlessly swapped and traded for other profitable and high ROI tokenized ETFs that will list on its DeFi platform during launch. 

ETFSwap (ETFS) investors and holders will gain access to swap the ETFS token for in-demand tokenized ETFs and institutional-grade investment products, including bonds, commodities, equity, leveraged, fixed, spot Bitcoin, and spot Ethereum ETFs, among many others. They can also use up to 100x trading leverage on the DeFi platform to boost profit potential on tokenized ETFs by up to 50,000%. The ETFSwap (ETFS) DeFi platform, built to industry standards, will support futures and perpetual contracts trading of volatile and high-reward cryptocurrencies. 

Its user-friendly DeFi platform with a smart trading interface makes it seamless for beginner traders and veterans to open and close multiple trade positions and manage their crypto portfolios. ETFSwap (ETFS) users with low liquidity and low-risk appetite will not be left behind as they can leverage the DeFi platform’s zero-risk investment options. ETFSwap (ETFS) users can stake the ETFS token and their tokenized ETF assets on the DeFi platform and earn passive income and up to 87% APR in staking yields. They can also tokenize their real-world assets and trade them on-chain for quick profits using the DeFi platform. 

ETFSwap (ETFS) guarantees the security of investors’ assets by ensuring that all tokenized funds are backed 1:1 with real-world assets obtained from recognized traditional finance sectors. The DeFi platform will guarantee quick transfers and settlements of users’ tokenized funds by using ETFSwap (ETFS) market-making expertise. ETFSwap (ETFS) developers are doxxed and do not have a monopoly on ETFS. They have also undergone a series of audits and have completed KYC with the SolidProof audit firm.

Conclusion 

The ETFSwap (ETFS) viral ICO token, selling for a cheap $0.03846, could hit $2 and flip small $500 investments of smart investors into $25,000 when it rallies 50x during its grand launch, which is expected soon, in Q4 2024. Take advantage of this window of opportunity to make life-changing gains in 2024.

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Disclaimer: The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets. Past returns do not always guarantee future profits.