Zhao Changpeng: Plans to acquire banks to narrow the gap between traditional finance and cryptocurrency
According to CoinDesk, Binance founder Zhao Changpeng stated in an interview with Bloomberg that they are planning to acquire a bank to bridge the gap between traditional finance and cryptocurrency. He mentioned that they are open to either minority equity investments or full acquisitions. Zhao Changpeng noted that when cryptocurrency exchanges collaborate with banks, it typically attracts many new users, thereby increasing the valuation of the bank.
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According to a report by CoinDesk here, Binance founder Zhao Changpeng stated in an interview with Bloomberg that he plans to acquire banks to bridge the gap between traditional finance and cryptocurrency, and is open to either minority equity investments or full acquisitions. Zhao Changpeng mentioned that when cryptocurrency exchanges collaborate with banks, it typically attracts many new users, thus increasing the bank's valuation.
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