Unfazed by bears Binance is on an exploratory spree; Details

Sahana Kiran
Source – Pixabay

While lay-offs and bankruptcy cases are the new normal amidst the bear market, Binance did not budge. The world’s largest cryptocurrency exchange has been making a lot of noise. From listing job opportunities to garnering licenses across the globe, the platform is at the top of its game. Earlier this week, Changpeng Zhao aka CZ, the CEO of the exchange managed to amass a meeting with the President of Côte d’Ivoire.

Côte d’Ivoire, a country on the Southern Coast of West Africa, has been a prominent investment destination. Taking this into consideration, Binance’s CZ went on to meet President Alassane Ouattara.

During this meeting, Zhao urged the government to include crypto-related activities in commercial exchanges in the region. Issues about the economy and crypto were also discussed during the meeting.

It should be noted that Binance already entails a prominent presence in the region, and the latest move is expected to elevate its existence in the area further.

Binance encountered a streak of bad luck during 2021. The crypto exchange was ousted from several regions, citing licensing issues. While this painted Binance in the wrong color, it managed to reclaim its reputation in no time, and it continues to do so.

Over the last couple of months, Binance has managed to acquire licenses from an array of governments. CZ traveled to El Salvador, Abu Dhabi, the Philippines, Paris, and several other places. It looks like Zhao and Binance would persist in their exploratory wing, despite the invasion of bears.

Binance to resume deposits via PIX in Brazil

Back in June, Binance abruptly suspended deposits and withdrawals through PIX.

However, now, in less than a month, the exchange went on to resume these deposits.

Binance had halted this after its partnership with Capitual, a local payment firm, fell apart. As both Binance and Capitual tried to sue each other, customers were worried about their funds. But, the exchange managed to replace Capitual with a prominent Brazilian payments firm, Latam Gateway.