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Binance is all set up to take off with its new Strategy Officer

Gin Chao, a former strategic executive at Dell and the National Basketball Association is now a strategy officer of the world’s leading cryptocurrency exchange, Binance.

Chao, who has been recently seen sharing his view on the blockchain in the ‘Future Blockchain Summit’ in Dubai, is a perfect match to head the Finance global strategy.

Chao’s focus will on these key points:

  • Overseeing and leading the initiatives in corporate development along with the venture investment and its legal departments.
  • To create and manage strategies in the area and projects which can open the gateways for further betterment such as Binance’s Venture Capital Arm, Binance Labs and its fiat-to-crypto gateways. 

Binance Labs is a social impact fund and an initiative to develop, invest and to empower the Blockchain and cryptocurrency entrepreneurs project and communities.

Previous year, Vertex Ventures China’s Managing Partner, Choon Chong Tay praised CZ and said that, “he is one of the most well respected entrepreneurs in blockchain with high inspiration to build and promote the blockchain ecosystem.” In the same year, Vertex Ventures Networks, which is a group of venture capital funds globally made a strategic investment in Binance. 

Binance exchange’s boom on its decentralised platform Binance DEX

Recently Binance, which is the largest crypto exchange platform, has introduced its own ‘Trust Wallet’ on its decentralized platform known a Binance DEX. 

Now, through this platform Binance DEX, users will be able to exchange cryptocurrency in a flawless manner and the funds will be in their own safekeeping.

The man behind the idea of Trust Wallet

Victor Radchenko, the founder of a multi-currency crypto wallet and DApp Browser- Trust Wallet, which is later on acquired by Binance Exchange for their users to be able to control over their own digital assets. 

Victor’s statement on Binance DEX, Trust Wallet, “One of the essential need of a working crypto economy is to have the ability to swap or exchange your digital assets.” 

He further added, “This and the ability to always stay in control of your own money. Binance chain and Binance DEX fulfill both these needs.”

According to the Bloomberg report, Zhao Changpeng, the CEO of Binance said, “Now we have both a decentralised and centralised solution for custody.” 

Malta-based Binance said in the statement  that, “The company has built a reputation for security and has held itself to the guiding principles that it will never access user wallets, hold private keys, and ask for personal information,” 

“The Trust Wallet brand and team will retain the autonomy and freedom to develop the core product while benefiting from the increased synergy from Binance.” further added.

What is Trust Wallet and how it works?

It is a decentralised mobile wallet with a clear interface and high level of security designed to facilitate the adoption of cryptocurrencies for users with any level of knowledge of the Blockchain. 

Trust Wallet, which is supported by Binance DEX helps their users to trade its cryptocurrency directly on the platform while staying in full control of their digital assets.


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