Binance, one of the largest crypto exchanges, has expressed support for FB’s crypto project Libra.
Facebook’s Libra has certainly grasped the minds of many crypto players. And Binance is the latest company to fall prey to its potential.
During a talk at the FinTech Junction Conference in Tel Aviv, Gin Chao, Binance’s strategy officer, has brought up the much-anticipated Libra coin. He admitted that the project is extremely exciting and can enhance crypto adoption.
According to him, the exchange is holding discussions with FB about its listing. Specifically, he stated that, “We have had an official dialogue with Facebook, however, from what we understand the potential to be, that would lead them to want a secondary market. Currencies benefit from a secondary market, so it would be in their best interest to want to be listed.”
He also praised the project because of FB’s size, saying that “Any time a company with the weight, size, resources, and impact of Facebook gets involved, it validates both blockchain and [cryptocurrencies]. So whether or not Libra becomes incredibly successful, it’s already a good thing.”
The exchange has been in the loop for the past few weeks. Specifically, it unveiled the next IEO for Binance Launchpad: Elrond Network (ERD).It also included crypto wallet Arax and blockchain network Lition on its Binance Chain.