The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Binance CEO: Bitcoin (BTC) Up 2 Million Times in 7 Years, Massive Crypto Exchange Roll Out Underway

by Daily Hodl Staff
September 20, 2018
in Trading

Binance founder and CEO Changpeng Zhao (CZ) revealed major plans to roll out more cryptocurrency exchanges across the globe while speaking at Consensus: Singapore 2018.

He says, if all goes according to plan, Binance may have as many as 5-10 fiat-to-crypto exchanges around the world, with two on each continent, except for North America, by this time next year.

Getting mobbed with selfies and "keep up the good work man!" encouragements after the talk at #ConsensusSingapore. Many thanks for the support! @binance is still a baby, lots of areas to grow and improve. pic.twitter.com/U0UEL2dYD3

— CZ Binance (@cz_binance) September 19, 2018

The bullish CEO sees a bright future for Bitcoin and cryptocurrencies. He confirmed that Binance earned $200 million in profits in Q1 this year. Q2 profits dropped to $150 million, and Q3 profits are on track to match Q2.

From $0.003 in the first transaction of BTC in 2010, to $6000 support in 2018, BTC has grown 2,000,000 times in the last 7 years. Let's dare the crypto market will do 1/2000th of that in the next few years? 1000x. https://t.co/bv97TT5hTE

— CZ Binance (@cz_binance) September 20, 2018

Zhao says the company works very closely with regulators in countries where it operates. Based in Malta, after a move earlier this year from Japan, Zhao says, “We are fully compliant. But in countries where we feel we are not welcome, we move out. We will chose to work in favorable jurisdictions.” In addition to Malta, Binance is building infrastructure in Jersey and Liechtenstein.

[the_ad id="42537"] [the_ad id="42536"]

“We find it easier to work with smaller countries, where we can get access to top government officials, including the prime minister in some cases. These countries also appreciate the fact that we are bringing them some revenue. US $100 million means a lot more to them than the bigger countries,” he said.

Binance, which declined, among other exchanges, to participate in an initiative exploring crypto trading platforms, was called out by the New York Attorney General in a new report. The AG has recommended that Binance be investigated for possible violations.

The report, which notes security issues, market manipulation concerns and consumer risks, has stirred controversy for singling out exchanges, even those out of its jurisdiction, that refused to participate or answer any voluntary questions.

In the midst of the controversy, Zhao is pointing out systemic issues and money-laundering concerns within the traditional banking industry.

Wow, that's more than the entire crypto market cap. https://t.co/vt4Mxw8kJB

— CZ Binance (@cz_binance) September 20, 2018

Zhao continues to push back on claims that crypto is dead or that Bitcoin can’t be trusted.

He bought his first Bitcoin after reportedly selling his house in 2014, and promptly watched the price plunge from $600 to $200. He hodled and advocates for calm during price swings.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Cardano’s Top NFT Marketplace JPG.Store Announces Plans To Empower More Artists Globally
    March 27, 2023
  • Narwhal Finance Secures $1 Million in Seed Funding Led by Animoca Ventures
    March 24, 2023
  • Sports Prediction App Pooky Launches Full Version of Its Play-and-Earn Game
    March 23, 2023
  • StormGain Launches StormGain DEX for User-Friendly Decentralized Crypto Trading
    March 23, 2023
  • KyberSwap Announces First-Ever ARB Token Liquidity Pools, Liquidity Mining and Trading Campaigns on Arbitrum
    March 22, 2023
  • Metacade Presale Hits Final Stage Before Listings, Raising Over $500,000 in Under 24 Hours
    March 22, 2023
  • Yesports Launches the Largest Esports Marketplace for Gaming Expansion Into Web3 Alongside 40+ Partners
    March 21, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$27,874.47
$27,874.47
0.6%
Ethereum
$1,757.68
$1,757.68
0.49%
Cardano
$0.350163
$0.350163
2.11%
XRP
$0.460312
$0.460312
0.06%
Dogecoin
$0.073653
$0.073653
2.21%

Spotlight

  • Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase
    March 24, 2023
  • Popular Crypto Analyst Says Bitcoin’s Short-Term Volatility a Distraction From Upward Macro Trend
    March 24, 2023
  • Ethereum (ETH) Competitor Avalanche (AVAX) Suffers Brief Network Outage Amid Upgrade
    March 24, 2023
  • Top Crypto Analyst Benjamin Cowen Maps Path Forward for Bitcoin (BTC) – Here Are His Targets
    March 24, 2023
NBX Warsaw Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl