Changpeng Zhao: "Traditional financial funds are flowing into the virtual asset market"
Minseung Kang
Summary
- Changpeng Zhao, co-founder of Binance, stated that traditional financial funds are flowing into the virtual asset market.
- Changpeng Zhao revealed that BNB Chain is connecting Wall Street and virtual assets.
- Cointelegraph reported that BNB is evolving into an independent asset class that connects traditional finance and the digital asset world, encompassing both institutional and retail investors.
Changpeng Zhao (CZ), the co-founder of Binance, stated that traditional financial (TradiFi) funds are flowing into the virtual asset (cryptocurrency) market.
On the 14th (local time), CZ communicated through his X (formerly Twitter), saying, "TradiFi money pouring into crypto." He also included an article mentioning that BNB Chain is connecting Wall Street and virtual assets.
Earlier that day, Binance Coin (BNB) hit an all-time high of $869.4. Cointelegraph reported, "BNB is evolving into an independent asset class that bridges traditional finance and the digital asset world, serving both institutional and retail investors."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
