June 28, 2022
In an interview with Yahoo Finance, the Binance CEO discussed the crypto market volatility and announced Binance’s plans to support insolvent projects amid the bearish market environment.
CZ Discusses Crypto Volatility Support Plans
Founder and CEO of Binance, Changpeng Zhao (CZ), was on Yahoo Finance’s Live broadcast to discuss several interesting topics in the cryptocurrency market.
The Binance CEO talked about the present bear market, including Binance’s plans to support crypto firms and lower fees on its platforms for users. During the short interview on Friday, June 24, Zhao revealed that the recent price correction sets the scene for more opportunities in the crypto market.
“Markets do go down in cycles, even stock markets go in cycles as well. So we actually see a lot of opportunity in the market. So we are increasing our hiring and increasing our M&A activities,” Zhao disclosed. “We’re looking at lowering fees on our platforms so that we make it easier for our users during this period.”
According to CZ, Binance will not bail out every struggling project and asset but will try to assist some promising ones with loans, minority investments, and more. Thus, users should expect more activity from the industry-leading exchange platform during this period.
Binance launched a new product in the crypto space as part of its plans to be more active in the bear market. The protocol, on June 23, announced “Binance Institutional,” a new product offering institutions solutions and services. Visit the product page to learn more.
What is Binance:
Binance positions itself as the world’s leading blockchain ecosystem and crypto-asset infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. The Binance platform aims to increase the freedom of money for users and features a comprehensive portfolio of crypto-asset products and offerings, including trading and finance, education, data and research, social good, investment and incubation, decentralization, and infrastructure solutions.
Where to find Binance:
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