Changpeng Zhao, CEO of the popular cryptocurrency exchange Binance, said that his company is preparing to carry out several major strategic acquisitions in the new year.
“We are constantly discussing various strategic acquisitions. Some of them are important and designed to have a significant impact. We will report this in a timely manner, ”Zhao emphasized.
He added that last year Binance made “at least nine acquisitions,” but only announced some of them publicly. Among them: the analytical blockchain startup DappReview, the Indian crypto exchange WazirX and the little-known derivative platform JEX.
Also, according to Zhao, in 2020 Binance plans to add support for 180 fiat currencies. According to the information on the site, currently 20 national currency units are represented on the popular exchange.
In addition, Binance is working on a new Token Incentive Initiative (ETOP) initiative. It is a digital alternative to traditional ESOP when employees are shareholders in their own businesses.
Among other things, Zhao expressed confidence that by 2030, blockchain and cryptocurrencies will become ubiquitous and will be used to “pay for unmanned versions of Uber,” “buy things from the other side of the Earth and deliver them with drones,” as well as “finance research on biotechnological systems”. Distributed registry technology, in particular, will be widely involved in identification, in elections, social networks and other areas.