Binance founder Changpeng Zhao said that the company is open to cooperation with Malaysian cryptocurrency exchanges to accelerate the adoption of digital assets in the country.
Binance CEO and Founder Changpeng Zhao spoke at the Cryptocurrency Market Trends and Future Opportunities conference organized by the Malaysian cryptocurrency exchange MX Global. He said that Binance’s strategy to go global is based on the development of local partnerships with leading cryptocurrency companies in the countries where the exchange operates.
Such an approach will require greater efforts from Binance to build secure ecosystems for dealing with regulators. However, the efforts of the exchange are ultimately justified, as they contribute to the mass adoption of digital assets in the country.
“User protection costs a lot of money in the short term, but it will be a big win in the long term,” Zhao said. “Instead of competing, technology companies and Malaysian cryptocurrency exchanges should work together to spread the word about crypto assets.”
So, in March, Binance invested in the Malaysian cryptocurrency exchange MX Global. Earlier, the Malaysian regulator demanded that the exchange close all cryptocurrency trading operations in the country.
Source: Bits
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