The Binance It is said to be looking to invest in several companies in the traditional sector, as a way to promote greater adoption of Cryptocurrency in traditional business circles.
The cipher exchange Intend to invest in one or two companies from different business sectors Executive DirectorChangpeng Zhao, in an interview with financial times This is Wednesday (9). According to Zhao, the purpose of the wave Investments It is “bringing people to crypto”.
Last month, Binance acquired $200 million in Forbes magazine membershipTo become one of the largest owners of the company.
Binance Agreement with Crypto Company
It is the target of a British regulator alert
According to Zhao’s comments, the cryptocurrency exchange should continue to invest in other companies operating in the traditional business environment.
According to data from The Block, in February of this year, Binance had a trading volume of $420 billion. According to the CEO, 90% of the cryptocurrency exchange’s revenue comes from fees from trading activities.
Amid the new agreements, Binance is trying to reduce regulatory clashes with authorities in several countries. Changpeng Zhao himself recently met with politicians in the UK, and called for a collaborative effort between the crypto exchange and lawmakers.
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
