Changpeng “CZ” Zhao, head of crypto exchange Binance Holdings Ltd.，said self custody is a fundamental human right.You are free to do it at any time.Just make sure you do do it right.Recommend start with small amounts to learn the tech/tools first.Mistakes here can be very costly.

He also said the firm plans to spearhead an effort with other industry players to set global standards in the wake of the bankruptcy of rival FTX.

“As an industry we need to increase transparency,” Zhao said at a conference in Bali, Indonesia. “We need to work very closely with regulators all around the world to make this industry more robust. There is a strong role for regulators to play but we can’t blame this on any single party.”