Binance CEO Changpeng Zhao held a live stream today, answering questions about the future of the company, Binance Coin, Binance Chain, a new decentralized exchange, etc
During the event, Zhao commented on possible cooperation between Binance and Ripple’s crypto company as well as apply xRapid payment solution to its services. He said that the company is currently introducing additional functionality and thereby has to cooperate with various partners. And whereas they do not work with xRapid so far, they would be glad to become partners with Ripple in the future.
Notably, Ripple entered into agreements with Bittrex, Bitso, Coins (dot) ph, Bitstamp, Euro Exim Bank which help to ensure the liquidity of xRapid.
One of the market players also asked Zhao whereas Binance would be able to survive another year of the bearish market. The CEO replied that the exchange would be able to survive for as many years as possible, regardless of whether they are bullish or bearish. He stressed that the financial situation in Binance is very stable. The market analytics show that the company capitalization reaches some $1.14 billion now. He also mentioned that the crypto industry will keep on expanding with or without the introduction of a Bitcoin ETF, it only needs some more new entrepreneurs.
Pursuant to Zhao, the Binance team is currently focused on implementing BinanceDEX decentralized exchange and Binance Chain blockchain, which can be used to issue new crypto assets. In early December, Zhao said the blockchain would be launched in a couple of months.