Binance CEO eyes '50 to 100 deals' as crypto slump shakes industry
— Number, Deals, Binance, Industry, Slump, Founder, Million, Crypto, Ceo, Shakes, Eyes, Firms, Financial, Trading, Finance — 1 min read
Binance CEO Changpeng Zhao says a number of crypto firms are insolvent, but it's a small number in the grand scheme of things. FTX founder Sam Bankman-Fried has emerged as the industry’s most active player offering financial relief to embattled firms. Binance is currently “looking at 50 to 100 deals,” Zhao, known as 'CZ' by the industry, said Binance has already done "quite a few" deals. The firm is seeing “a lot of opportunities in the market” on the hiring front, M&A, and is also exploring lowered trading fees with its U.S. subsidiary offering zero-fee bitcoin trading last week. In the last month alone, bitcoin (BTC-USD) is down more than 25% Source