Changpeng Zhao, CEO Founder of Binance – Coins.fr ©
The CEO of Binance at least to collect $1 billion be first funds aim for industry support. The crypto exchange is still in talk with the lender in trouble Genesis worldwide.
In an interview given to Bloomberg This Thursday, Changpeng Zhao let it be known that he intended to raise at least $1 billion be first incentive fund unveiled last week and whose ambition is to help “solid” projects, but influenced by market conditions.
We take a lose-lose approach where different industry players will contribute as they see fit,” CZ explains of the fund, which has already received backing from Justin Sun and rival platform Huobi.
The launch of the fund follows the collapse of ftx, which was still the second largest exchange in the industry at the beginning of November, behind Binance. After contacting his rival, CZ eventually returned.
The crypto tycoon, whose fortune is now estimated at $15 billion from $96 billion at the start of the year, also said that Binance was still in it talk with the struggling crypto lender Genesis worldwide. Monday, the WSJ reported that Binance had not wanted to support the latter for fear that some of its activities would create a conflict of interest.
During the interview, Zhao also returned to the platform’s new round of betting Travel digitally and confirmed that the US branch of Binance participated in the sale. The bankrupt exchange was won by FTX in a first round of bidding in September.