Changpeng Zhao predicts global adoption of cryptocurrencies in 2022

According to the founder of Binance, this field is set for explosive growth and large-scale adoption in various spheres of life

12.01.2022 - 11:05

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What’s new? The Fortune India website has published an interview with Changpeng Zhao, the founder of the largest cryptocurrency exchange Binance. According to the entrepreneur, the cryptocurrency industry is expected to see explosive growth and global adoption in 2022.

News source on the Fortune India website

What other statements have been made? Changpeng Zhao noted that the last year was remembered for the growth of the decentralized finance (DeFi) and non-fungible tokens (NFT) market. In 2022, social finance (SocialFi) and gaming finance (GameFi) will be the major growth drivers. In addition, recognition and acceptance of cryptocurrencies by the various states may grow from the current 5% to 20%.

Changpeng Zhao also highlighted a number of the challenges that need to be addressed in the near future. These include project and capital liquidity, risk management, and security issues.

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