Binance positions itself as a “pure” Web3 company, which is not interested in adding to its product line the ability to trade stocks. In an interview Decrypt said the CEO of the Bitcoin exchange, Changpeng Zhao.
The top executive declined to assess platforms that have chosen this path. He said such an option runs counter to Binance’s philosophy.
Zhao noted that, despite the profitable nature of stock trading, he would rather focus on building more Web3 tools.
«We are not going back, we are moving forward», — he explained.
The Binance CEO said the bitcoin exchange is studying several companies as potential targets for acquisition during the bear market.
In Zhao’s view, deals would be simpler than complex debt structures or buyouts. He explained that he would never have gone down the path chosen by Alameda Research при поддержке Voyager Digital.
Earlier, the Binance CEO said he was in talks with more than 50 companies about their “rescue”.
As a reminder, on 14 October 2021 the bitcoin exchange прекратила support for tokenized stocks.
That was preceded by regulatory pressure from the United Kingdom and Germany, which began checks into the service’s compliance with local law.
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