Binance Could Invest $1 Billion By Year End

According to the statements made by Binance CEO Changpeng Zhao, the company may spend $1 billion on investment deals alone by the end of this year.

Zhao, CEO of Binance, one of the largest cryptocurrency exchanges in the world, said that while this year is only a few months away, they will be able to invest significant amounts in various organizations by the end of the year.

Speaking to Bloomberg, Zhao said that as Binance, there are currently 67 different projects in total. 325 million dollars stated that they are investing.

Binance’s investment arm has so far invested in several projects, including Aptos, which was founded by former Meta’s employees.

Changpeng Zhao also has some in the cryptocurrency industry. to lending platforms also brought criticism. Zhao, “Most of these platforms take people’s money and transfer that money to someone else. There is not much added value there. We want to see products that people can actually use.” said.

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