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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