Zhao Changpeng: Very optimistic about investment opportunities in the Middle East, RWA is difficult to form sufficient trading volume in the secondary market

2024-11-05 11:43:25

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ChainCatcher news, according to Caixin reports, former Binance CEO Zhao Changpeng stated at the second Gulf Investment Forum held in Bahrain: "Many people do not know the benefits here."

Zhao Changpeng also mentioned that he has learned that Hong Kong peers are actively exploring RWA, but the price fluctuations of real-world assets are relatively small, making it difficult to form sufficient trading volume in the secondary market, and liquidity tends to gradually shrink. We need to wait for innovators to propose use cases that truly bring liquidity.

In addition, Zhao Changpeng expressed great optimism about investment opportunities in the Middle East, focusing not only on blockchain investments but also strategically positioning in AI, biotechnology, and other fields in the GCC countries.

It is reported that after obtaining the cryptocurrency service provider license granted by the Central Bank of Bahrain, Binance has also received approval for a banking license from the CBB, which means Binance has legal currency entry and exit channels in the region.

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