Changpeng Zhao, CEO and Founder of Binance – Coins.fr ©
CEO binance Like to collect at least $1 billion for him funds Aims to Industry support. Cryptocurrency exchange is still in talks With the lender in trouble Genesis Global.
In an interview given to bloomberg this thursday, Changpeng Zhao To know that he intended to arise At least $1 billion for him stimulus fund Unveiled last week His ambition is to help projects that are “strong” but affected by market conditions.
We take a loss-making approach where different players will contribute to the industry as they wish.” He made it clear CZ on the fund, which has already received backing from Justin Sun and rival platform Huobi.
The launch of the fund follows a crash FTX, which was, at the beginning of November, still the second largest exchange in the sector after Binance. after Connect it For his rival, CZ was doing Finally back off.
encryption pole her wealth Now estimated at $15 billion from $96 billion at the start of the year, he said binance was still in talks With a distressed crypto lender Genesis Global. Monday , Wall Street Journal I mentioned that Binance Do not want to support the latter For fear that some of its activities may lead to a conflict of interest.
during the interview, Chow He also returned to the platform’s new betting round digital travel confirmed that Binance US branch Participate in the sale. bankrupt exchange Which won by FTX In the first round of bidding in September.