Crypto’s Next Frontier: Binance CEO Eyes Fiat Ramps To Unlock User Expansion

At the recent Token2049 event in Singapore, Changpeng “CZ” Zhao, the CEO of Binance, highlighted the challenges in bringing the next 100 million users into the cryptocurrency space. He underscored the critical role of fiat ramps in the expansion of the cryptocurrency market. “Today, to be very frank, it’s actually fiat ramps,” Zhao said at the event. These services, essential in exchanging fiat currencies like the U.S. dollar for cryptocurrencies such as Bitcoin and Ethereum, have seen a decline in providers due to stringent regulations introduced earlier this year. “With tightening regulation…

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