Mainstream and Crypto Bear Markets Have Not Stopped Binance Expansion

the 2018 crypto bear market was not nearly as widespread as the current economic difficulties. Coronavirus prevention measures and fears have caused significant mainstream market downturns, business difficulties, and lay offs. 

Binance, however, still shows growth. Yi mentioned the “Open Platform” Binance started in 2020, also noting the company’s desire to lend its liquidity and systems via Binance’s cloud and broker program.

He additionally mentioned the exchange’s work with smart contracts in 2020 on Binance Chain.

Binance has already done a lot in 2020

Binance has posted a number of headlines in 2020 alone, touting various features and additions, including Bitcoin options trading. 

“During the bearish markets this year, we continued to develop and expand,” He said, pointing toward the outfit’s acquisition of CoinMarketCap, as well as Binance’s work with African payment platform Bundle. 

“For people who believe in blockchain, there is no difference between bulls and bears,” He said, adding:

“We have been steadily recruiting excellent talent and developing new businesses, undeniably. We believe that in this current moment, it is easier to find outstanding talent and investment/M&A opportunities.”

Binance recently surpassed 1,000 employees, a staggering 2,000% increase from its 50-person starting roster.   

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