The cryptocurrency crash can continue as long as it wants, but that will never change Changpeng Zhao’s enthusiasm. He has already expressed his confidence in this property. However, his current activities are proof of his claims. The sector is gradually recovering from the crypto winter and Binance proves once again why it is the largest crypto exchange in the world.
Binance, always more activity to stay on top
Being number one has its pros and cons. As the first, you have an obligation to look daily for ways to maintain your position. In this case, no break is allowed. The more you develop, the more difficult the task becomes. Binance is in the same position.
As the world’s most popular crypto exchange, CZ Company cannot afford to rest on its laurels. The continuous activities of this platform are proof that success has strict setbacks. After announcing that he was ready for crypto winter, Changpeng Zhao launched a series of activities that put him in front of Coinbase.
In its expansion program, Binance has expanded into many territories. However, its investments are what have the cryptocurrency giant talking. Having recently launched BAB, its KYC token announcement investment in Lifeform, a provider of decentralized visual digital identity (DID) solutions.
According to Mia Mai, Director of Investments at Binance Labs, this investment will allow future users of Web3 to enjoy a symbiotic ecosystem.
New terms of use for a better investment!
The evolution of the crypto sector is pushing companies operating in this area to review their general terms of use (T&U). If Binance is one of the best trading platforms in the world, it is undoubtedly because of the way the company operates.
For further optimization, Binance France has updated its privacy policy. Among other things, compliance with the prescribed rules. Indeed, Binance has said it has the right to suspend accounts and freeze assets deemed fraudulent. However, the latest changes made to the site would hurt the platform.
According to Tigran Gambaryan, Binance would lose almost 90% of its users after the implementation “ Know your customer “. Recall, so far investors are mixed about this option. Crypto is meant to be decentralized and provide anonymity. Therefore, if this claim is true, the best exchange platform in the world could find itself in a bad state.
Despite the difficulties in the sector, Changpeng Zhao maintains a leading position with his Binance platform. Some statements surprised investors, and the CEO wants to apologize. Indeed, he stated that these allegations were false and that the company had not lost any funds. As a result, he can afford to continue his activities with ease. His investment in Lifeform is proof that nothing, at this point, can stop CZ in its tracks.
Receive a digest of news from the cryptocurrency world by subscribing to our new daily and weekly newsletter so you don’t miss anything important from Cointribune!
The world is changing and adaptation is the best weapon to survive in this wavy universe. As a manager of the crypto community at the base, I am interested in everything directly or indirectly related to the blockchain and its derivatives. To share my experience and spread the word about a field that fascinates me, nothing better than writing informative and relaxed articles at the same time.
