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Despite the long-lasted crypto winter, blockchain developments continue to make headlines almost daily.
Similarly, the world’s largest crypto exchange by trading volume, Binance, has spent a considerable fortune on investments and acquisitions and continues to pour money even in worse market situations. Chengpeng Zhao (CZ), the crypto exchange founder, has revealed that there is still so much left to build, and the company’s spending is expected to reach 1 billion by ending this year.
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Without providing specific figures, CZ uncovered during the announcement that the company had marked profits during this bear time. He further pointed to cryptocurrency’s prices have plunged more than 50% compared to last year’s bull market.
In 2022, Binance invested $325 million into 67 projects. Notably, the company’s backed devel
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