Binance announced plan to invest in various sectors of the economy

According to the exchange’s head Changpeng Zhao, this will accelerate the integration of cryptocurrencies into the traditional financial system

10.03.2022 - 07:20

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What’s new? Changpeng Zhao, the founder of the world’s largest cryptocurrency exchange Binance, has announced plans for further investments by the platform in an interview with the Financial Times. According to him, the exchange is considering buying companies focused on the traditional market.

The full version of the interview on the Financial Times website

What is the reasoning behind this decision? The investments in companies unrelated to cryptocurrencies will allow Binance to create an infrastructure for the full-scale adoption of digital assets. In this, the exchange will test various sectors of the economy to find the most promising integration options.

“We want to identify and invest in one or two targets in every economic sector and try to bring them into crypto,” Zhao stressed.

Binance continues to work on the development of digital innovations and their adaptation. Earlier, the exchange launched a new payments company, Bifinity. Its main goal is to unite businesses, merchants, and consumers with the world of cryptocurrencies and blockchain technologies.

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