Home Cryptocurrency News 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 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

4 Easy Steps to Master the Art of Trading

Newcomers should develop some basic knowledge about the market so that they can be able to take the right step in the right position....

Building Healthy Money Habits in the Trading Profession

Trading has become a global profession in contemporary times. People are becoming more self-conscious about money as the world has fallen due to the...

IOTA Coin – Future and Predictions

Introduction to IOTA Coin IOTA is a dispersed ledger structured to record and implement transactions between machines and devices on the Internet of Things (IoT)...

Super Lottery: NordFX Gives Away 100,000 USD to Traders

The $100,000 Super Lottery was launched by the brokerage company NordFX among its clients on April 1. The name speaks for itself: 100 cash...

Is Zcash Still a Better Option Than Monero and Dash?

Transaction data of most cryptocurrencies like Bitcoin are distributed on a public ledger that anyone can view. It is the rising concern over the...