Changpeng Zhao, CEO of Binance, says that the largest cryptocurrency exchange by volume is currently looking for deals in the cryptocurrency market.
Zhao says Yahoo! Financing that is Binance Search At 50-100 crypto exchanges right now with more to be announced soon.
“We are already seeing a lot of opportunities in the market. Therefore, we are increasing our hiring, increasing our [merger and acquisition] activities, we are looking to reduce fees on our platforms to make it easier for our users during this time.”
The CEO says that some agreements have already been signed without being announced.
“us I already did enough. The smallest ones we do not usually announce them. We respect your aspects of privacy. We tend to advertise bigger companies…just because someone isn’t in the news doesn’t mean there aren’t any deals. »
Zhao says they don’t always like to go public with their stake in a project if it’s able to fend for itself with a loan or minority investment.
The CEO also says that he believes there should be clear regulatory guidelines for cash reserves for different types of businesses in the crypto space. He also believes there should be “transparency and disclosure” requirements.
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