Changpeng Zhao, the CEO of leading global crypto exchange has confirmed today, that the exchange company is self sufficient and does not take loans from others.
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He made the revelation during in a response to a tweet question that requested to know the company status.
“Does Binance aim to expand its influence and be better than all other crypto exchanges?”
Despite the Crypto winter, Binance, the world’s largest crypto exchange, says it has a healthy war chest capable of seeing it through this bear market. Consequently, the company listed over 900 global job openings in May.
The crypto market has been hit hard recently, from the Russian-Ukraine war to growing inflation and China’s covid lockdown. Consequently, several crypto firms have announced measures to cope with the current price slump amid wide-ranging macro headwinds. The steps employed range from job cuts to rescinding offers of employment and reduction in hiring.