Binance Prepares for Increased Activity and a Bull Market.
06 Jul 2023, 15:44
Binance Prepares for Increased Activity and a Bull Market
The head of Binance, Changpeng Zhao (CZ), says his cryptocurrency exchange is preparing for an increase in market activity. He thinks it could happen in the next six to 18 months. Zhao notes that market activity has already begun to increase, with the amount of transactions on centralized exchanges rising 14.2% in June to $2.71 trillion.
Zhao suggests that the next period of price growth (the so-called "bull market") could begin in 2025. He points to one of the reasons for such a rally - the bitcoin halving, which is expected in April 2024.
The CEO of Binance is confident that his exchange will have no problems even if the fall in prices in the market will last a long time (the so-called "bear market"). Overall, he remains optimistic about the cryptocurrency industry.
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