August 18, 2022

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Binance is eyeing as many as 100 transactions in the crypto space amid a bear market, according to CEO Changpeng Zhao

Binance is eyeing as many as 100 transactions in the crypto space amid a bear market, according to CEO Changpeng Zhao

Changpeng Zhao, CEO of Binance, says the largest crypto exchange by volume is currently looking for deals in the crypto market.

Zhao says Yahoo! Funding that is Binance seek In 50-100 crypto trades at the moment with more to be announced soon.

“We are already seeing a lot of opportunities in the market. So we are increasing our hiring, increasing our [merger and acquisition] activities, we are looking to lower the fees on our platforms in order to make it easier for our users during this time.”

The CEO says some deals have already been signed without being announced.

“we I did quite a few already. The smaller ones we don’t usually advertise. We respect his privacy aspects. We tend to advertise the bigger companies…just because someone isn’t making news doesn’t mean there are no deals going on.”

Zhao says they don’t always like to go public with their involvement in a project if it is able to recover on its own with a loan or minority investment.

The CEO also says he believes there should be clear regulatory guidelines for cash reserves for different types of companies in the crypto space. He also believes that there should be “transparency and disclosure” requirements.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrency or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured image: Shutterstock/cherezoff