Binance’s Zhao flags possible $1 billion for distressed assets- Bloomberg News.
Cryptocurrency exchange Binance is aiming for a roughly $1 billion fund for the potential purchase of distressed assets in the digital sector, Bloomberg News reported on Thursday, citing an interview with Chief Executive Officer Changpeng Zhao.
Zhao hinted at the possibility of allocating more funds in the interview. “If that’s not enough we can allocate more”, he said.
