CZ: Traditional securities markets have high barriers to cross-border investment, and blockchain technology can achieve global transactions

Binance founder CZ stated at a sharing session in Hong Kong that the traditional securities market has high barriers to cross-border investment, and most company stocks are only available to domestic investors, making it difficult for investors to open accounts across borders. CZ pointed out that most countries, except for the United States and China, lack strong stock exchanges. The daily trading volume of the Philippine Stock Exchange is only $50 million, equivalent to the daily trading volume of a trader in New York. Enterprises need to seek listing in Hong Kong and other places, and blockchain technology can enable global transactions.