Binance Founder Reveals Crypto-Friendly Bank Investment Plans
Changpeng Zhao, the founder of Binance, the world’s largest cryptocurrency exchange, recently discussed his company’s strategy to invest in banks in order to influence their policies and encourage a more crypto-friendly approach. Zhao made these remarks during his appearance on the Bankless podcast hosted by Ryan Sean Adams and David Hoffman. The podcast covered various topics, including the recent controversy involving Ledger, a crypto wallet maker, the global regulatory landscape, and the negative sentiment surrounding Binance.
During the podcast, a question from a viewer caught the attention of David Hoffman. The question asked if Binance could purchase a bank and transform it into a crypto-friendly institution. In response, Zhao acknowledged that his company had considered acquiring a bank to streamline payment-related services. However, he explained that the plan was ultimately abandoned for several reasons.
