During a video link at Consensus 2022, CZ, the CEO of Binance, said that the world’s largest cryptocurrency exchange is in a good place right now.
“We have a lot of money saved up, and we are even hiring more people right now. Binance is also stepping up its mergers and acquisitions (M&A) activity. During bull markets, everyone starts their own projects and pays everyone else crazy amounts of money. Now that the market is more stable, if we are in a crypto winter, we will use that to our full advantage.
CZ also pointed out that Binance is cheap and doesn’t spend money on expensive advertising like Super Bowl ads or buying the naming rights to stadiums and sports venues. This seemed to be a jab at other exchanges.