Binance CEO says theres pain and risk in the bear market, but also opportunity Bloomberg

Binance could spend over $1 billion on investment deals by the end of the year.Despite the market downturn, the exchange could spend a significant amount of cash on investments in the next three months, exchange CEO Changpeng Zhao told Bloomberg in an interview. Beyond these investments, Binance has made investments in 67 projects, with a total investment of $325 million. Binance’s VC arm has invested in various projects, including multiple investment in Aptos, the company founded by ex-Meta employees. When asked about acquiring crypto lenders, Zhao said: “Many of them, they just take a user’s money and give it to somebody else.