In the era of zero interest rates, Binance's strategic layout! Appointing the Honorary Dean of the Institute of Digital Economics, known as the "Father of Digital Economy," to research and promote Binance Pool and OTC.

The non-profit educational institution Binance Academy of the cryptocurrency exchange Binance announced on March 29 that it has established a blockchain research institute in Shanghai, China, to further promote the large-scale development of blockchain technology. Furthermore, they also operate the Binance mining pool and OTC platform.

In the Era of Zero Interest Rates, Binance Keeps Moving: Launches Mining Pool and OTC Platform

Education has always been an opportunity to drive Binance's cryptocurrency trading business. In addition to the formal expansion of Binance Academy, Binance founder CZ also announced the launch of "Binance Pool." He also mentioned that Binance's financial services now include Staking, earning interest, savings, and lending.

https://twitter.com/cz_binance/status/1245361117301358592

Furthermore, on the afternoon of the 2nd, Binance also launched an "OTC over-the-counter trading platform" that allows trading of cryptocurrencies equivalent to a minimum of 10,000 USDT off-exchange, supporting 25 different currencies. The announcement also stated: "Our trading platform respects privacy. Transaction details can only be found in your account's 'Distribution History.' Our OTC trading will remain confidential and will not have a significant impact on the market."

In the era of zero interest rates, whether cryptocurrency exchanges will take on the role of "people's banks" remains to be seen with time.