While layoffs and bankruptcies are the new norm amid the bear market, Binance hasn’t budged. The world’s largest cryptocurrency exchange has been making a lot of noise. From posting jobs to getting licenses around the world, the platform is at the top. Earlier this week, Changpeng Zhao aka CZ, the CEO of the exchange, managed to meet with the president of Côte d’Ivoire.
Ivory Coast, a country on the southern coast of West Africa, has been a prominent investment destination. Taking this into account, Binance’s CZ proceeded to meet with President Alassane Ouattara.
During this meeting, Zhao urged the government to include crypto-related activities in commercial exchanges in the region. During the meeting, issues about the economy and crypto were also discussed.
It should be noted that Binance already brings prominence to the region, and the latest move is expected to further increase its existence in the area.
Binance had a bit of bad luck in 2021. The crypto exchange was evicted from several regions, citing licensing issues. Although this Binance painted the wrong color, it managed to regain its reputation in no time, and it continues to do so.
Over the past few months, Binance has managed to acquire licenses from a large number of governments. CZ traveled to the rescued oner, Abu Dhabithe Philippines, Paris and several other places. It looks like Zhao and Binance would persist in their scout wing, despite the bear invasion.
Binance resumes deposits via PIX in Brazil
In June, Binance abruptly stopped making deposits and withdrawals via PIX.
But now, in less than a month, the exchange moved on to resume these deposits.
Binance had stopped doing this after its partnership with Capitual, a local payments company, fell apart. As both Binance and Capitual tried to sue each other, customers were concerned about their money. But the exchange managed to replace Capitual with a prominent Brazilian payment company, Latam Gateway.