Binance CEO Changpeng Zhao recently told The South China Morning Post that financial institutions are coming “big time.”
The largest crypto exchange is seeing an increasing number of institutional investors, according to Zhao.
The Binance boss adds that traditional financial services firms and traditional venture capital investors are joining the cryptocurrency space:
He believes that the non-fungible token market will be “very sizable,” claiming that Binance’s NFT team is in talks with many creators.While addressing the recent regulatory clampdown, CZ said that Binance had to have a headquarters in order to work with regulators:
When we were implementing a central change, we realized that we needed to have a central presence to work well with regulators.
According to Zhao, Finance, as one of the leaders in the field, has to be prepared for regulatory change
Source:u.today
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