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CEO Of Binance Zhao Is Considering Purchasing Banks, Reports Says

According to an interview Zhao gave to Bloomberg at the Web Summit conference in Lisbon, Binance founder and CEO Changpeng Zhao is considering perhaps purchasing banks as a means of bridging the gap between the worlds of traditional finance and crypto.

Zhao added that investing in banks is a wise move for Binance since, when the crypto exchange partners with a bank, Binance frequently attracts a large number of new users, raising the bank’s value.

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