Binance Not Looking Back: CZ Puts Focus on Web 3.0 — Unmoved by Stocks
Binance celebrated its 5th anniversary with a $444 quarterly BNB burn.
Though others announced lay offs, Binance opened 2,000 job positions despite the bear market.
Binance announced TikTok’s biggest star, Khaby Lame, as a Web 3.0 ambassador.
Changpeng Zhao sstates clearly: “We have no plans of doing stock trading”.
Changpeng “CZ” Zhao, the CEO of Binance, has been the center of attention a number of times throughout the lingering crypto turmoil, but not for negative reasons. On the contrary, Binance has been named as one of a handful of companies in the crypto game still capable of, and willing to lend a helping hand, even raising the bar.
Receiving as many as 50 requests per day from struggling crypto firms, CZ has even been working on Sundays, which according to him is “when the mind is clearest”. Adopting a long-term approach to crypto, Binance is looking to acquire companies, but is not keen on adopting complex loan plans or flash bailouts. “Keep it simple” is the motto, as said by the new “BinanceMan” Khaby Lame.
— Binance (@binance) June 30, 2022
Crypto Is Here to Stay
CZ forecasts that the price of Bitcoin (BTC)