In a revealing ‘Ask Me Anything’ (AMA) the CEO of Binance, Changpeng Zhao hinted at a new direction for the major cryptocurrency exchange. Zhao did not give away much, but said that in the next 10 days, they would be unveiling a new product – the keyword being Binance Cloud.’
Not much else could be gleaned from the AMA, but, a job posting on Binance called for a Senior Cloud Engineer, indicating that the company is looking into the cloud, and perhaps even a decentralized cloud.
This was further backed up by the CEO who soon after the AMA concluded tweeted a picture of clouds. This is a step removed from traditional advancements within the cryptocurrency space, but the AMA went on to outline future moves and plans for the company.
Looking to the future
Binance has long been one of the leading lights in the cryptocurrency space, especially in regards to exchanges. Crypto exchanges have had a mixed reputation, but Binance has attempted to be more than just one thing.
The movement towards the cloud is one thing, that will be revealed soon, but there are also other suggestions that Binance is looking to diversify what it does.
For one, they intend to keep adding different fiat gateways, having announced a Latin America one in December of last year which allowed Argentinian and Brazilians to buy crypto with their native currencies.
More so, Binance is also looking to grow and decentralize further, and is looking to do so without their enigmatic CEO at the head of the table. They seem to be honing in on some major hires, as he hinted at multinational high tech transportation hiring coming soon, Zhao even outlined that the company is well known to many.
But overall, Binance is still on a mission to “Increase the freedom of money” and all the moves and advancements are ultimately aimed at this through cryptocurrency, Zhao even said, with the market recovering, they plan to do more listings.