Binance CEO is Still Bullish About Crypto Market, Elaborates on Bitcoin (BTC) Trends

  • Changpeng Zhao, the CEO of Binance, the world's largest crypto exchange in terms of trading volume, recently shared his views and insights about the digital asset market.
  • Zhao's comments came during an interview with host of CNBC's Crypto Trader show, Ran NeuNer.

Bitcoin Price Make A Parabolic Shape

In a recent talk with CNBC’s Ran NeuNer, Changpeng Zhao also known in the crypto community as CEO of crypto exchange, Binance, CZ has expounded on Bitcoin [BTC] trends, his bullish sentiment towards the market, along with plans in place for Binance.

When BTC first started trending upwards, many leaders and crypto fanatics were making their cases as to why this might be. One way of understanding said trend, was looking closely at how the giant was performing. An interesting pattern found, which has been previously reported by Bitcoin Exchange Guide [BEG] was its parabolic shape.

According to reports, CZ shared that the rise in the crypto market was potentially due to FOMO (Fear of Missing Out) on Bitcoin price's upward trend. The giant has gained 110% since talks of the crypto winters finally coming to an end, but eventually was left fluctuating in with 1000$ differences.

All-Time High in Number of Orders Being Submitted

CZ has noticed significant all-time highs being attained. More specifically, he shared that:

“I think we saw more stablecoin deposits in the last few days and not only that, the trading volume per transaction, the number of orders, that are being submitted that has reached an all-time high.”

Speaking on how Binance has been performing, CZ disclosed that the exchange has seen more orders being placed since 2017, adding that while the overall trading volume was less, transactions surged along with the number of new users going up as well.

What’s to come for Binance? Amidst CZ’s bullish sentiment, what’s to come includes a margin trading for Binance, along with a competition in place and a TestNet in the process to assess overall security and rid the system of any presence of bugs.

On June 7, 2019, CZ took to Twitter to express his viewpoint on the recent, outrageous news regarding India’s stance on cryptocurrencies. In particular, a Bill has been passed that anyone participating in crypto activities will be given a jail-term of 10 years to which CZ tweeted:

“That Bill in India will really push privacy coin adoption forward.”

NeuNer also tweeted about this new bill and was definitely upset with the country’s decision. More specifically, he shared: “This is so f*cking stupid. One of the biggest industries that could receive the Indian economy in tech and specifically blockchain. What a bunch of idiots.”

Bitcoin (BTC) Live Price

1 BTC/USD =$11,593.5348 change ~ -2.31%

Coin Market Cap

$213.95 Billion

24 Hour Volume

$6.24 Billion

24 Hour VWAP

$11.66 K

24 Hour Change


Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Omar Faridi
Omar Faridi
I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development, and scams orchestrated under the guise of ICOs. My academic background includes an undergraduate degree in Computer Science, with a minor in Mathematics from the University of Nevada, Las Vegas. I also possess a Master of Science degree in Psychology from the University of Phoenix. I've been writing about cryptocurrencies and distributed ledger technology (DLT)-based platforms since December of 2017. To date, I have written about 800 articles - which have all been published. I have also edited about 300 articles. While completing my academic coursework, I engaged in independent study programs focused on public-key cryptography and quantum computing. My professional work experience includes working as an application developer for the University of Houston, data storage specialist at Dell EMC, and as Teacher of Mathematics in the United States, China, Kuwait, and Pakistan.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


Please enter your comment!
Please enter your name here


Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

DeFi App Aave Creates First Credit Delegation Loan to DeversiFi Decentralized Exchange

DeFi lending platform, Aave completes its first-ever ‘credit delegation’ as DeversiFi borrows over $230,000 without posting collateral. The service agreement was signed on...

Bitcoin Futures Trading at a High Premium; Already Hitting $12,000 on CME

Bitcoin has yet again gained momentum, with people expecting for $12k to hit soon. According to analyst Mati Greenspan, for a sustainable rally, a...

Polkadot (DOT) Launches The First Parachain Implementation Testnet, Rococo

Polkadot introduces parachain functionality with Rococo testnet, a Proof of Authority (PoA) network, allowing users to send direct messages to the Relay Chain and...

Bitcoin Self-Custody Provider Casa Now Allows Users to Buy BTC via Apple Pay

Bitcoin self custody service provider, Casa now allows its customers to buy and hold their own bitcoin. Selling BTC is not supported yet. According...

Four Top Chinese State-Owned Banks Are Testing The Chinese Digital Yuan Project (DCEP)

In an unconfirmed report, four Chinese state-owned banks are gradually testing the ‘digital renminbi’ wallet app and Digital Currency/Electronic Payment (DCEP) system in different...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today