Binance CEO: The Exchange is Ready for a New BTC Rally
Binance CEO Changpeng Zhao “CZ” has commented that Binance is preparing for a period of increased trading activity, which he can see happening in the next 6-18 months.
He said that by looking at historical patterns, the platform wants to be ready for higher volumes.
Trading volume on centralized exchanges rose 14.2% to $2.71 trillion in June, foreshadowing the possible start of the bull market in 2025.
CZ remains optimistic, saying the crypto industry is still at a very early stage and has room to grow.
He also does not fear competition caused by large companies such as BlackRock entering the market, citing the minimal overlap of Binance’s user base and such firms.
Nevertheless, the SEC recently sued Binance and Changpeng Zhao, which resulted in Binance.US’s market share in the US going to its lowest level since December 2020.
