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Binance wants to have two exchanges per contintent, says CGO Ted Lin

www.chepicap.com 18 June 2019 09:30, UTC
Reading time: ~2 m

Binance's Chief Growth Officer has claimed that the company wants to continue expanding its global presence. In an interview with Cryptonews.com, Ted Lin claimed that two Binance exchanges per continent is a strong possibility for sometime in the future.

Lin recently made an appearance at the Crypto Compare event, where Chepicap was able to get hold of him for an interview. He claimed that mass adoption was an important goal for Binance, and that infrastructure was gradually being built to accomodate the range of different uses for crypto. 

Lin also referred to the establishment of new crypto-to-fiat exchanges, and he has made clear just how much of a presence Binance wants to have in the near future. As for the specific locations, Lin claims that the company prefers to set up new bases "where there is no existing, effective, or convenient facilities available. We're not so much in a hurry to jump into a place where there are multiple facilities already [just] to compete."

Although regulatory clarity is still relatively rare for most regions, Binance's expansion is unlikely to be held back permanently by legal difficulties. Lin believes that jurisdictions "who are in hurry to ban it already did. And the funny thing is we have not seen any regulator rushing to the green light side of things. They're really taking the time to understand the overall scope of the technology before they decide."

Binance recently announced that it would be launching a new version of its trading platform for U.S. traders. In the short term, this means that it will soon be ceasing to offer trading opportunities to one of its most popular national markets, and many have claimed that this could have a significant effect on crypto prices, particularly for altcoins.

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