CZ Acknowledges Hyperliquid Innovation but Won't Replicate Its Model on Compliance Grounds, June 16

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According to BlockBeats, Binance founder CZ acknowledged on June 16 that Hyperliquid's decentralized, KYC-free model represents genuine innovation in a niche that Binance cannot compete in. However, CZ stated he would never replicate Hyperliquid's approach, citing his own experience and compliance considerations. "I assume they have very good lawyers," CZ added.
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