Binance aims to add 180 coins in 2020… Will the Saudi riyal be on the list?
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Answer Binance aims to add 180 coins in 2020… Will the Saudi riyal be on the list?
Binance is one of the most important companies in the cryptocurrency arena.
In an effort to bring more audiences to the crypto arena, Binance said that it aims to enable the trading of fiat currencies in exchange for digital currencies and is working to add 180 coins during the year 2020, as stated by Mr. Changping Zhao, CEO of the company, speaking about the goals for the year 2020. .
Will the Saudi riyal currency be among the list of 180 currencies that Binance seeks to target?
Binance has added support for 19 coins over the last two months, while three more coins will be added next week, according to a report. stated Its CEO, Binance.
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CZ stated:
We believe fiat currencies will coexist with cryptocurrencies for a long time to come.
The once-cold banks and payment service providers are starting to provide services to crypto companies.
The CEO added:
Again, just as some players in the crypto market do not like banks, we believe that working with traditional banks and financial institutions is essential to bring more people into the crypto arena.
He also revealed that Binance is in talks about two major acquisitions that will have a huge impact and resonance in the crypto community.
The CEO did not specify any other details about these acquisitions.
Czechoslovakia indicated:
The company plans to further decentralize its work in every way, from our team structure, work locations, processes, products and services.
We are crafting a new incentive structure to replace traditional ESOPs (Employee Stock Ownership), as we are more like a community than a company, we will share this new idea with the world once we get to all the details.
He added that they hope to have the Binance network fully open source, improve their blockchain network and improve the Binance DEX decentralized platform in 2020.
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According to the CEO, the token and source code of the Binance DEX is not open since they are waiting for other centralized exchanges to release their decentralized platforms first to encourage them to innovate as well.
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