Binance has no plans to offer stock trading, says Changpeng Zhao

Binance has no plans to offer stock trading, says Changpeng Zhao
фото показано с : coinjournal.net

2022-7-18 14:17

Binance remains the world’s leading cryptocurrency exchange, and the company said it intends to remain within the Web3 ecosystem.

Changpeng Zhao, the CEO of the world’s leading cryptocurrency, has revealed that the company doesn’t plan to offer stock trading services.

He mentioned this during a podcast interview with Decrypt, adding that Binance is a pure web3 company, and trading stocks don’t align with the company’s values. He said;

“Some exchanges want to go back to stock trading. We don’t have any plans on doing stock trading We’re not running a fiscal broker store anytime soon.”

Some companies like Robinhood have been able to allow their users to trade stocks and cryptocurrencies. Despite its lucrative nature, CZ said Binance would focus on building Web3 tools. He said;

“We are a pure Web3 company. We’re not going back, we’re moving forward.”

The Binance CEO added that the cryptocurrency exchange would continue to expand its presence within the crypto space via crucial acquisitions. However, he maintained that none of those acquisitions would be stock-related.

FTX is one of the leading crypto exchanges in the world and has recently adopted the method of potential acquisitions via loan structures and bailout. CZ said Binance wouldn’t adopt that method despite its merits. He said;

“That is not to say that complex deals are bad. But my preference is always to keep everything very simple, very straightforward, boil everything down to very basic core principles, and go from there.”

CZ also talked about the $500 million line of credit extended to bankrupt crypto broker Voyager Digital by Alameda Research, stating that Binance would never conduct those types of deals.

Sam Bankman-Fried, the CEO of FTX and Alameda Research, has been expanding his presence within the crypto space during this bear market. In May, Bankman-Fried bought a 7.6% stake in Robinhood. 

Recent reports suggest that the FTX CEO is interested in acquiring the publicly-listed stock and crypto trading app outright. However, he denied those rumours, stating that there were no active merger and acquisition conversations about Robinhood currently taking place.

The post Binance has no plans to offer stock trading, says Changpeng Zhao appeared first on CoinJournal.

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binance says zhao trading changpeng plans stock

Источник: coinjournal.net

binance says → Результатов: 126


Фото:

Binance CEO: Retail Investors, Not Institutions, Are Leading the Bull Market

Contrary to popular belief, retail investors are still playing a major role in directing Bitcoin’s price action, says Binance CEO in a recent interview with Bloomberg. Who’s Really in Charge? As Bitcoin briefly touched $20,000 in early 2018, market analysts forecasted that the impending arrival of Bitcoin futures products, a Bitcoin exchange-traded fund (ETF), and the infusion of institutional funding would drive Bitcoin towards $30,000 and possibly $50,000.

2019-7-14 00:16


Crypto is useful enough to create a whole new future, says CZ as he addresses wash trading concerns

Binance launched its decentralized exchange in March in order to foster the crypto industry’s long-term vision of peer-to-peer trading. Changpeng Zhao or more popularly known as CZ, CEO of Binance, spoke about his long-standing critic, Nouriel Roubini’s take on the ailing problem with exchanges such as wash trading and fake trading volumes, in an interview […] The post Crypto is useful enough to create a whole new future, says CZ as he addresses wash trading concerns appeared first on AMBCrypto.

2019-7-11 00:30


Users should be comfortable with owning & using digital assets, says Pundi X CEO on release of XWallet 2.0

With crypto-adoption rates rising across the globe, major exchanges such as Binance have started integrating a number of features onto their platform to improve user experience. The principal aim of most of these industry heavyweights is to make cryptocurrency transactions straightforward, so that usage of digital assets is effortless.

2019-7-11 22:30


First mover better prepared for world domination, says Binance’s CZ as he hints at Facebook-Tencent rat race

Just like any other disruptive technology, cryptocurrency required a decade to be viewed as not just a speculative and risky asset, but as the future of the world’s financial services. Today, with the entry of several financial and non-financial institutions into the crypto-space, many around the world are speculating what its role will be in […] The post First mover better prepared for world domination, says Binance’s CZ as he hints at Facebook-Tencent rat race appeared first on AMBCrypto.

2019-7-9 13:00


New Binance Report Says Bitcoin Has Decorrelated with Other Crypto Assets During Q2 of 2019

Over the course of Q2 2019, Bitcoin is finding itself in a unique predicament, as a new study from Binance indicates that it is now less correlated with other cryptocurrencies. Binance’s Research report was released on July 5th, crediting this decorrelation to a possible “flight-to-quality” from the bull run that the market has been experiencing […]

2019-7-6 03:17


CZ discusses ban on U.S citizens using Binance; says exchange was never targeting U.S users

Binance has been one of the world’s leading crypto-exchanges over the past few years. Under Changpeng Zhao, the Malta-based exchange has prided itself on its business transparency. Although the company holds a dominant position in the cryptospace, mainstream acceptance depends on its absorption by domestic and international audiences.

2019-7-1 15:30


Binance CEO CZ: Indian Bill Against Cryptocurrency will Push Privacy Coin Adoption Forward

The bill proposed by the Indian government against the use of cryptocurrency in any form has attracted attention in the crypto verse. While some have said it will lead to further adoption instead of discouraging it, Binance CEO Changepeng ‘CZ’ Zhao says it is likely to drive the adoption of privacy coins to the Indian […] The post Binance CEO CZ: Indian Bill Against Cryptocurrency will Push Privacy Coin Adoption Forward appeared first on ZyCrypto.

2019-6-8 16:18


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