Binance CEO-Changpeng “CZ” Zhao announces ambitious plans. Taking to Twitter, he wrote: "We want to identify and invest in one or two targets in each economic sector." The goal: Bring these traditional companies into the crypto space.
In April 2020, Binance bought Coinmarketcap , a company that provides data on the current prices of all major cryptocurrencies .
The crypto exchange also secured a controlling stake in one of the world's largest credit card payment processors, Swipe , in December 2021 .
In February 2022, Binance bought large stakes in Forbes , one of the most established financial magazines in the world. Zhao invested $200 million, making him the media house's second largest stakeholder.
Binance's market value is currently $300 billion. Changpeng Zhao has risen to become the 11th richest person in the world.
Binance is becoming the focus of regulators in more and more countries, for example in Great Britain.
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