ExchangeNews

Binance CEO Is The Next Motivator In This Crypto Industry

According to CoinMarketCap, currently, Binance is the largest cryptocurrency exchange around the world in terms of daily adjusted trade volume.

Changpeng Zhao is the great CEO of Binance, one amongst the largest crypto exchange. During a live stream through Periscope, he recently expressed that Exchange Traded Funds aka ETFs doesn’t seem core to the industry’s growth.

He is also popular as CZ in a community, also declares about the cryptocurrency industry to nurture and grow with or without the Bitcoin ETF launch. The suggestion reads:

I think for our industry to grow we need more entrepreneurs to build real projects.

While asked Zhao to comment on the controversy regarding QuadrigaCX crypto exchange, he mentioned that if he is not willing to comment on other exchanges, it means there’s something fishy going on.

Following this comment, the news was out about the sudden death of QuadrigaCX’s founder Gerry Cotton and that it is missing CA$190 million dollars’ worth $145 million of digital assets.

CZ also mentions that while we see there is nothing proceeding on right now as far as the exchange reveals, the company seems interested to add Ripple (XRP) amongst their partner with the help of xRapid system. The great influencer has been following the right track as always commenting at the correct event. He is always seen mentioning the accurate analysis every time in critical situations.

His indication for user posting a tweet says Binance Chain will further support DPoS in the coming future, being a combination of both DPoS as well as pBFT.

Recently, he also mentioned his belief regarding Amazon, the online retail giant that they can’t avoid issuing its own altcoin eventually.

According to Binance CEO- Binance Will Survive Forth Coming Bitcoin Bear Market

In the forthcoming bitcoin future, no matter how brutal bear market shows off, Binance will likely survive any bear market. The CEO also states that he is definitely willing to partner with xRapid at Ripple for initiating cross-border payment platform; however, nothing is decided till date.

Zhao also held a session of “Ask Me Anything” at Periscope on February 7. There he mentioned:

WE DEFINITELY WANT TO ADD’ RIPPLE AS A PARTNER. We are working with a number of other partners. [With] xRapid, there’s nothing going on right now. But in the future, we definitely want to add them as a partner.

As everyone today knows that XRapid is basically a Ripple product using its native XRP coins to offer real-time liquidity and minimize their capital requirements needed for financial institutions to implement in these emerging markets.

He also replies back to a question on Binance to survive bear market in the next year, he unthinkably states absolutely. In fact, Zhao is confident about Binance and notes that Binance is the world’s largest digital exchange, and will still exist in 100 years no matter what’s going on to the industry.

Binance is ready to survive any number of years, no matter if it’s bear or bull. We basically don’t really look at the market too much ― not as much as people actually think we do. We just keep our heads down and build features.

Binance is very healthy financially and also very stable in terms of the team. Our aim is much longer than another year. Our aim is 10, 50, 100 years. So we’ll be here for a while.

 

Get More knowledge about the Crypto world: Crypto Information | Earn Cryptocurrency | Trading Guide |

Tags
Show More

Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks. She likes pets and shares her free time with NGO.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

1 × 1 =

Back to top button
Close
whatsapp