One of the world's largest crypto exchanges by trading volume wants to set up fiat-to-crypto trading platforms on almost every continent.
Binance founder and CEO Zhao Changpeng closed out the first day of CoinDesk's Consensus Singapore event with a fireside chat, where he discussed a range of topics, including how he grew Binance from a startup with a $15 million initial coin offering to one of the world's largest crypto exchanges and his future vision for the platform.
During the conversation with CoinDesk's Pete Rizzo, Zhao indicated that by this time next year, he wants the company to launch five to 10 fiat-to-crypto exchanges, with ideally two per continent.
These plans falls in line with Binance's current efforts to roll out an exchange in Singapore that supports local fiat-to-crypto trading services.
Having conducted closed testing on Tuesday, CZ said he hopes the platform could be up and running within months, though he added that working with banks and regulators is much harder than just with cryptocurrencies. —— 🤔Do you think this could help boost cryptocurrency adoption?