Changpeng Zhao: Binance Has No Plans to Add Stock Trading Service

Changpeng Zhao, CEO of crypto exchange Binance, has said that the exchange bills itself as a “pure” Web3 company with no interest in adding stock trading to its product line.

He has not evaluated the platforms whose management decided to take this step. According to him, such an option is contrary to the philosophy of Binance.

Zhao has noted that despite the lucrative nature of stock trading, he prefers to focus on building more Web3 tools. He has added:

“We are not going back, we are moving forward.”

The Binance CEO has revealed that the platform is looking into several companies as potential acquisition targets during the bear market.