We all know that the cryptocurrency markets have been in a major decline this year, and that certainly hasn’t slowed, especially considering that Bitcoin has crashed 15% just in the last day, and the cryptocurrency markets have lost 40% of its value in the last 12 days. However, that hasn’t slowed the success of the world’s largest cryptocurrency exchange by daily volume, Binance, still expects to net more profit than ever.
When asked in a recent interview about Binance’s upcoming goals – Zhao was elusive, stating that Binance focuses more on a ten-year plan in the long term, and three months in the short term. However, he did point out that he believed 2019 would be a large year for cryptocurrency adoption in general, and that this was a focus, rather than Binance as an exchange, or the BNB token. He sums it up by stating: “Anything that helps the industry get bigger will be good.”
Zhao also pointed out that despite the fact that Binance is a cryptocurrency exchange; he wanted people to know that the company was working to help the overall future blockchain infrastructure.
He referenced Binance’s recent investment in TravelByBit as an example of helping to build the infrastructure. For those that are unaware, Binance recently invested in the Australian startup, which allows more world travelers to use cryptocurrency as a form of payment and more shops to accept cryptocurrency, as well.
Zhao elaborated by pointing out that ultimately, he hoped that Binance becomes the kind of infrastructure provider that embeds itself in the culture the same way Google has managed to. He stated that: “Eventually, I want people to think of Binance as a verb. Google used to be a name, now I ‘google’ something.”
He ended the interview by stating: “Today, if you drive on the road, you don’t think about driving on a road, you just drive. You find a road and you drive on it. We want to be the road.”
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