Zhao, who runs the world’s largest Bitcoin exchange, said digital assets issued by central banks will be different than public coins in many ways.
Differences between the two types of coins could make the central-bank version unattractive to people drawn to the crypto world.
Bitcoin and Ether have hit all-time highs this year as institutional investors and corporations buy cryptocurrencies to add to their balance sheets.
About 70% of Binance users are retail customers with the rest being institutional investors, he said.