Changpeng Zhao, CEO of #Binance , the world's largest cryptocurrency exchange in terms of volume, said that the exchange is making preparations to meet the expected increase in transaction volume in the coming months.
Binance CEO Changpeng Zhao made important statements during the question-answer event held on Twitter Spaces.
According to Zhao, unlike the negative period that started in November last year following the collapse of the FTX exchange, there has been a noticeable increase in trading volumes in recent weeks. The latest increase is attributed to several factors, including new applications for spot #Bitcoin ETFs and the Bitcoin halving event, which is expected to occur in April or May 2024.
The CEO stated that they are preparing the platform for the transaction volume that they expect to increase in the next few months. “Looking at past movements, we want to be prepared for higher volumes.” Zhao said, adding that they are going through an intensive process to prepare their systems for increasing transaction demands in the next 6 to 18 months.
Binance CEO has a positive outlook on market trends
According to Zhao, the next bull run for Bitcoin could occur in 2025, as “the year after the halving in Bitcoin is usually a bull year.” However, Zhao said it is difficult to predict future events.
Stating that they are still at the very beginning and there is still a great potential for the growth of the sector, Zhao said: “That's why I am always in favor of the rise. “I am a project developer, so I always have a positive outlook.” said.
Zhao also stated that Binance has the flexibility and resilience to withstand difficult market conditions if the bear market continues.
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