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Binance CEO on Staking, Futures, Venus, Lending, BNB Price, and Euro Stablecoins


On Wednesday (August 28), Changpeng Zhao (aka "CZ"), Co-Founder and CEO of Binance, answered questions on a wide range of Binance-related topics in a Periscope "Ask Me Anything" (AMA) session; in this article, we focus on the main highlights of this AMA.

Staking Support 

Binance currently supports staking for NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT),  Stellar (XLM), Komodo (KMD), Algorand (ALGO), Qtum (QTUM), and Startis (STRAT).

CZ believes this will be considered "a necessary feature" for exchanges in the future, and that it does not make sense for the users of a centralized exchange to use third-party staking providers.

Binance's Upcoming Futures Platform 

Binance has invested in two futures platforms: one they bought and one they built themselves (with some outside help). CZ says "both of them are kind of ready," and that Binance is trying to decide which one to release. However, it is possible that Binance will release both since "they are slightly different products." CZ also says that "both products are very competitive in terms of features."

Project "Venus"

This is an initiative that was announced on August 19. This is how the Chinese version of Binance's announcement explained the motivations behind this project:

"in the past, the company has actively communicated with the regulatory authorities in many countries and regions around the world to establish a global, multi-dimensional customer network and compliance system"; "as the world's top blockchain enterprise, the company has already reserved the public chain technology and cross-border payment system for safe operation of new stable coins"; and Binance hopes "to realize an ideal, that is, to break the financial hegemony, reshape the world financial system, let the late-develop...
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