Binance CEO Spearheads Resurgence Amid Crypto Winter

Binance CEO Spearheads Resurgence Amid Crypto Winter

Binance Coin (BNB) has taken just 19 months to break into the Top 10 Cryptocurrencies in the world, and with a 70% market increase in the last month, the next 19 months are looking even more interesting.

Despite only being founded in 2017, by early 2018 Binance had emerged as the world-leading cryptocurrency currency exchange. Twelve months on and BNB today is one of the highest ranked cryptocurrencies in the world. It is an incredible feat that no-one would have predicted. Well, no one except maybe, Changpeng Zhao.

If you have never heard of Changpeng Zhao, better known simply as CZ Zhao, the CEO of Binance, then you probably will, or at least should do, very soon. He has become an increasingly visible figure in the cryptocurrency world, and for good reason. While all the other big players were enduring the Crypto Winter, his coin was doing the opposite. No more clearly has that been felt than in the last week, where BNB saw a 50% market cap gain which placed them as a top 10 ranked cryptocurrency in the world for the first time ever. CZ Zhao’s forward-thinking ideas combined with a heavy online presence may hold the reason behind why Binance is making such forward steps when everything else around it seems to be slowing down.

Method to the Madness

Binance is well-known for its method of burning 20% of their coin every single quarter. This significant lowering of circulation manipulates the concept of supply and demand perfectly, and as the quantity decreases the price increases. The last time this took place was less than a month ago which correlates perfectly with the market increase and is a testament to the technique. The latest burn was worth $9.4 million. Although this was nearly $8 million less than the previous one, this makes sense following the industry’s troubled months of late. If last month’s progress is anything to go by then who knows what the value of the next burn might be.

This is just scraping the surface of Zhao’s innovation though. Most of his ideas currently seem directed at his business going completely autonomous. He has recently launched a live stream surface to connect with his audience, it was here where he elaborated on a couple of new ideas that work alongside one another and will have would be investors chomping at the bit to get involved with Binance.

The first is Binance Chain, their very own version of blockchain, which the second new platform, Binance DEX, a decentralized exchange will be built on. Binance DEX is set for launch next month and takes things one step further than the existing Binance exchange. Its decentralised make-up ensures a higher level of security and personal ownership of private keys. This will likely entice many to choose it over its competitors, especially as Chao has serious form in this field already.

Chao not only believes in the potential of his currency but the industry as a whole. Last weekend on Twitter he stated his belief that we are still only at the “beginning of the beginning” in this industry. So far, this belief is built on solid ground from his perspective and if he achieves everything he’s laying out, he may be the one to lead the resurgence in cryptocurrencies himself.

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News


For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019

Another 2nd Anniversary Promo Announced at KuCoin, KuMEX FOMO

KuCoin is celebrating their 2nd anniversary and to celebrate they have detailed several new promotions, but it seems they aren’t over yet, with one more outlined for KuMEX FOMO. Earlier this week, we detailed 5 different promotions that will take place over the next 2 weeks, but now there is more which you can get […]

14 September, 2019
Coinbase,Coinbase PRo,Dash,Listings

Dash Set For Monday Coinbase Pro Listing

One of the most popular trading options in the crypto world, Dash, will go live for trading on Coinbase Pro from Monday, 16th September. While official trading will begin the following day at 9 am (PST) on Tuesday, 17th September, users will be able to begin depositing Dash to their Coinbase Pro accounts up to twelve hours […]

14 September, 2019
Exchange Platforms,Kraken,Listings,Tokens

ICX Now Available On Kraken

Kraken has unveiled the latest asset available for trading on their platform, ICX. The San Francisco-based outfit commenced trading for this new token, which was created by the South Korean blockchain project, ICON, yesterday, 12/09/2019.  However, ICON itself is no newbie to industry and in fact, is one of the oldest and largest blockchain ins […]

13 September, 2019
Binance USA,Launch,Updates,USA

Binance USA Opens Its Doors Next Week

The much-anticipated US trader targeted platform from Binance, Binance USA, will begin opening its door to traders from next week. The news has come at the perfect time for US traders who had previously been going about their day to day trading activity on the generic international Binance platform. This is because after Binance updated […]

12 September, 2019
Closure,Exchange Platforms,Updates

Ethfinex Reveal Further Details on Closure

Last month, Ethinex revealed that they would be shutting up shop in their existing format and rebranding as DeversiFi. While the transition period is on-going, they have detailed some important information about the final closure of their existing operational format. The first point of note in regards to this is the fact that a date […]

11 September, 2019
Exchange Platforms,Giveaway,KuCoin,Promotion

KuCoin Offer 2nd Anniversary Promotions Worth $450,000 to Users

KuCoin are about to celebrate their second anniversary and they want to thanks users with a flurry of new promotions offered on a number of crypto assets over the next two weeks. These new promotions cover a wide range of different trading options, eligibility requests and time limits. With this in mind, they should be enticing to a wide number […]

10 September, 2019
CEO,Exchange Platforms,localbitcoins

LocalBitcoins Name New CEO

Peer-to-peer trading platform, LocalBitcoins has had a shake around in boardroom, with Sebastian Sonntag being named as the new CEO. He will be taking over the reins from Nikolaus Kangas, who is the brother of Jeremias Kangas who founded the exchange platform back in 2012, after being “convinced of Bitcoin’s importance in a global economy”. […]

9 September, 2019