Binance To Bid $1 billion Fund To Buy Troubled Assets!


In a recent interview with Bloomberg, Binance's CEO stated that the exchange is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital-asset sector.

In the course of the interview CZ also stated that Binance US is also bidding on Voyager.

As per CZ, the Binance team is engaging with Genesis, but does not know the details; even if Genesis is down, it will not affect the industry, and other players will take its market.

Binance CEO also cleared the rumors of binance being a chinese company , He stated that, "Binance is not a Chinese company, we are not related to China at all."