The CEO of the cryptocurrency exchange, Justin Sun, is speaking out about the need for traders to be more transparent with their exchanges following the recent collapse of the UK-based company FTX. He has advocated for more transparency in all trades and transactions as he believes it’s essential to protect consumers and maintain trust. He hopes this will be a step towards convincing other mainstream financial markets to adopt a similar policy that would put consumers in control rather than letting them be merely looked after.
Sun said: “As a company, we are all about transparency, and if we do not achieve the level of transparency that our customers expect in everything that we do at TRON, then we have failed. We know that much work is still to be done, and we recognize the responsibility to keep building trust with our community.”
This quote was taken from Sun’s latest Medium post entitled “TRON transparency initiative,” where he outlined several steps his company intends to take after Mark Zuckerberg and Jack Ma publically took the blame for their own companies’ faults in recent weeks. Justin Sun says his company could be better, and he is aware that there are many ways he and his team can improve. Justin Sun is optimistic about the future of TRON and his company. He wants to be sure that all the efforts put in at TRON are paying off, and only time will tell.
Sun said: “For TRON, being accountable to our users is both a team-wide commitment and an individual duty of each employee. We understand the importance of accountability — not only to our users but also to our platform partners, industry peers, and investors — because it provides transparency into our decision-making process.”
Sun wants its users to know that transparency will be the focus of everything the company does moving forward. One of the most significant issues that Sun’s company faced was that it was accused of taking down a competitor’s platform and stealing its users away from TRON.