Home Cryptocurrency Changpeng Zhao Holds First AMA in 2020

Changpeng Zhao Holds First AMA in 2020

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.

Timmy Murphy
Timmy Murphy
Timmy is a crypto and finance analyst. He deals with finance news-stories. He has completed his graduation in accounting and Finance. He is also a blogger and is famous for his finance blog. For any issues, feel free to contact him at email: timmy@forexnews.world

Must Read

Dash Exhibits Upsurge to $106; Intraday Might Observe Marginal Profit

Dash (DASH) reflected strong bearish influence in yesterday’s movement. The drop was massive, but the entire market was spotted making second guesses about the...

Chainlink (LINK) Records 60% Hike in the Last 30 Days

Chainlink exhibited astounding improvement in the price over the last 30 days. In the last few days of January, the currency was trading with...

Will Binance Coin Manage to Cross $24 Under Ongoing Volatility?

Binance Coin (BNB) had not started the year on a good note but later had managed to outsmart the bear pressure at regular intervals....

Singapore-Dollar Pegged Stablecoin Added by Crypto.Com

Crypto.com becomes the first crypto platform to adopt Singapore-dollar pegged stablecoin. It has announced the addition of XSGD to its list of cryptocurrencies.    Primarily, the...

Will Chainlink Continue Its Winning Momentum for the Short-term?

Chainlink (LINK) has not been able to perform well during the start of the year due to the continual bearish pressure in the crypto...