As Binance expands with acquisitions and consolidates its market dominance, some wonder at the extent of CEO Changpeng Zhao’s ambitions.
Zhao said in a recent interviu that Binance is looking to expand into traditional markets through a series of acquisitions. He said the company is actively searching for a handful of companies across different economic sectors to bring into crypto. Zhao said that integrating cryptocurrencies into even a single firm could stimulate others in the industry to do the same.
Binance initiated the first part of this strategy with a foray into publishing earlier this year. The $200 million it invested in business magazine "Forbes" earned it a pair of seats on the century-old periodical’s board. Now, Binance has additional industries in mind, some of which have immediate use-cases for crypto like retail, e-commerce and gaming.
Source: https://beincrypto.com/has-binance-bitten-more-than-can-chew-plans-global-dominance/