Changpeng Zhao aka CZ, the CEO and co-founder of Binance, spoke about the growth of the cryptocurrency market, during an interview with Boxmining at Binance Conference. The CEO also elucidated on the current projects in the space.
The CEO started by speaking about the current state of the cryptocurrency market. He remarked that, at present, the space is “much healthier” in comparison to last year. CZ also stated that there are “tons” of good opportunities to invest in right now than there were during the all-time high of Bitcoin [BTC] and other cryptocurrencies. He said:
“There were tons of bad opportunities to invest and people invest in those but I think today right now there’s lots of really good opportunities the valuations are good […] now they’re really good projects going on and you can see that everybody who’s participating here. They’re very still very enthusiastic […]”
CZ further stated that the cryptocurrency industry continues to grow stronger despite the massive slump in its price. Nonetheless, he did add that the price of Bitcoin [BTC], the largest cryptocurrency in the market, was around $300 two years ago and is currently in $3000 benchmark, adding that this change is “not too bad at all”.
This was followed by CZ speaking about the fundamental changes taking place on Binance such as launching fiat exchanges in 2019. He said:
“I think I said a few times in different places about where we do want to build five to ten Fiat on-ramps around the around different parts of the world. Hopefully, spreading out from different continents so that’s one that goes for – this year which is to get the Fiat on-ramps mark as well”
He went on to say that fiat exchanges are a limited factor for the industry’s growth and that Binance is targeting that particular factor in order to expand the space. Here, he quoted the example of their Jersey market, which is currently “overwhelmed with demand,” adding that, at present, there is a “pent-up demand there”. He added:
“So, at the same time so fiat is one way so right now the way I view it is although most of the money is going fiat so this much the crypto market cat so we need to get the Fiat coming in on the flip side on the other side of it we are working on the decentralized exchange.”
Source
Plagiarism is the copying & pasting of others work without giving credit to the original author or artist. Plagiarized posts are considered spam.
Spam is discouraged by the community, and may result in action from the cheetah bot.
More information and tips on sharing content.
If you believe this comment is in error, please contact us in #disputes on Discord
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://ambcrypto.com/bitcoin-btc-and-other-cryptocurrencies-price-saw-a-massive-fall-since-ath-but-industry-is-growing-very-strong-says-cz/
Hello @crypto7866! This is a friendly reminder that you have 3000 Partiko Points unclaimed in your Partiko account!
Partiko is a fast and beautiful mobile app for Steem, and it’s the most popular Steem mobile app out there! Download Partiko using the link below and login using SteemConnect to claim your 3000 Partiko points! You can easily convert them into Steem token!
https://partiko.app/referral/partiko
Dear crypto7866:
We are SteemBet, the next generation STEEM based gaming platform. We are honored to invite you to join our first fantastic dice game, which is just the beginning of SteemBet game series. Our dividend system has now launched. The prize pool has already accumulated 2,000 STEEM and more than 60 players have participated in staking mining token SBT. A huge reward of 40,000 STEEM is awaiting! Join us NOW with other 500 STEEM users to loot HUGE dividend reward!!
SteemBet Team
Official Website
https://steem-bet.com
Discord Server
https://discord.gg/95cBN3W
Telegram Group
https://t.me/steembet
Congratulations @crypto7866! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!
Congratulations @crypto7866! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 200 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPSupport the HiveBuzz project. Vote for our proposal!