Binance to spend over $1B on investments by end of 2022, CEO says

Binance CEO, Changpeng Zhao, has stated that the global leading digital-asset platform may spend more than $1 billion on investment by the end of this year. Zhao, commonly referred to as CZ within the crypto space, revealed this in an interview with Bloomberg.

The statement from Zhao comes after an attack on the BNB chain, and a day after Binance acquired a license to operate in Kazakhstan.

According to CZ, the bulk of the funds will go to investments and asset purchases.

Binance investment plan

In the recent past, Binance has