Binance Will Endure any Crypto Bear Market, Says CZ
The crypto market has been going through several downturns since it was established. Nonetheless, after a huge increase in value and adoption, the current bear market has posed to be very dangerous for the platform in comparison with the former ones. Simultaneous with the mounting number of bankrupt institutions, this scenario has been worsening continuously so much so that the crypto community is under great stress.
Related: Binance Acquires Japanese Bitcoin Exchange ‘Sakura’
Binance CEO Assures that the Company Will Endure the Crypto Winter
Nevertheless, Changpeng Zhao – the CEO of the crypto exchange – has guaranteed the consumers that it would survive regardless of the extent of the bear market. The executive was of the view that the financial position of the company is resilient. Zhao also added that the crypto exchange would endure every type of winter in the crypto world. Keeping in view the present conditions of the market, the CEO indicated that brought to the front that the crypto industry experiencing a historical moment.
The chief executive officer additionally provided a gist of the company’s future. He noted that though the platform expects that a few of the coming months would be rough, it would deal with the difficult time. As per him, they are making great efforts to prepare for that. Nevertheless, the crypto exchange has been successful in coping with that worse situation.
As a result, the platform is standing at the position of the biggest crypto exchange across the globe in the case of trading volume. In the previous 24 hours, the daily volume of the crypto exchange has reached $15,997,326,455 along with an upsurge of more than 75%. After it, Coinbase occupies the 2nd spot in the ranking, with a regular trading volume of up to $1,865,198,992 worth.
Armstrong of Coinbase Raises Staff’s Momentum, Says the Firm Will Lead the Market
Analogous to Changpeng Zhao of Binance, Brian Armstrong (the chief executive officer of Coinbase) noted down a memo to the staff of his crypto exchange. Though the shares of Coinbase were at their all-time low, a certain extent of fear was expressed by the employees of the crypto exchange. But, the executive showed a very optimistic view in the respective memo. He claimed that the platform would play the role of a leader in the market.
