May 25, 2020 Binance to support Steem hard fork despite reservations.

Binance has announced that despite having major reservations about the Steem hard fork, that it will ultimately support the network split. In a blog post, Binance CEO Changpeng Zhao stated that the exchange will support the hard fork so that its users do not lose access to their STEEM tokens. Despite this, Zhao commented that Binance is strongly opposed to the hard fork’s attempt to confiscate STEEM tokens from the 64 parties targeted in the network split and that such moves demonstrate that Steem is “overly centralized”.