Changpeng Zhao (CZ), CEO of Binance Trading, conducted his first Ask Me Anything (AMA) session of 2020.
CZ talks about Binance’s big plans in 2020. He talked about how coronavirus has affected the bitcoin industry. According to him, he stated that he didn’t realize that Bitcoin specifically would be affected, but there will be a catastrophic effect on the global economy. Binance further donated money to prevent ongoing infestation.
‘BNB Futures’ will be the latest digital asset that is added to Binance. CZ further, talks about the launch of BNB Futures, which will start trading on February 10, 2020. The trading will begin around 3 p.m. that day.
Binance made a declaration about the launch of the Peer 2 Peer market with a 0% fee and Broker program. As of now, CZ is looking for partners and P2P traders.
On talking about Binance’s further plans this year, CZ talked about Binance Chain and Binance DEX, which is still under development, aiming to make the binance chain more diverse.
When asked about the BNB staking, CZ believes that it might not be right now. Though, he still suggests bringing BNB to carry off from Binance’s accord, which is available now.
CZ was also asked about Bitcoin being reduced by a half. He believes that Bitcoin will experience a price increase for a short period. Since the Bitcoin production costs are higher, miners will make more of its sale.
At last, CZ states that according to his predictions, Bitcoin prices will boost up due to the presently going greenhouse gas emission reduction.