Binance aims to transform from a technology giant to a financial services company

Binance CEO, Zhao Changpeng has confirmed the exchange platform’s plans to shift from the innovative technology giant that it is, to a financial services provider, given the company’s history with regulators globally. In an exclusive interview with Squawk Box, Zhao Changpeng addressed the elephant in the room, i.e., Binance’s latest regulator-friendly approach. CZ noted that its become clear that the exchange is on its way to becoming centralized and for that to happen they also need to adapt to a centralized structure and shift the company’s focus to financial services over innovative technological advancements.