{"id":81320,"date":"2023-07-06T10:42:58","date_gmt":"2023-07-06T07:42:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81320"},"modified":"2025-09-11T22:09:01","modified_gmt":"2025-09-11T19:09:01","slug":"binance-chief-signals-platform-readiness-for-a-new-bitcoin-rally","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-chief-signals-platform-readiness-for-a-new-bitcoin-rally\/","title":{"rendered":"Binance chief signals platform readiness for a new Bitcoin rally"},"content":{"rendered":"<p>Binance chief Changpeng Zhao (CZ) <a href=\\\"https:\/\/twitter.com\/binance\/status\/1676553357014585344\\\">said<\/a> that the platform is conducting \\&#8221;a major preparation\\&#8221; for a period of heightened trading activity.<\/p>\n<p><!--more--><\/p>\n<p>He believes this could happen in the next 6\u201318 months.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>\u201cLooking at historical patterns, we want to be ready for higher volumes,\u201d he said.<\/cite><\/p><\/blockquote>\n<p>The head of Binance said that activity on the market has already started to rise. In June, trading volume on centralized exchanges <a href=\"https:\/\/u1f987.com\/en\/news\/trading-volume-on-centralized-exchanges-rose-14-2-in-june\">rose<\/a> by 14.2%, reaching $2.71 trillion.<\/p>\n<p>Zhao suggested that the next bull market could begin in 2025. One of the drivers of the rally will be Bitcoin&#8217;s halving, which is expected to occur around April 2024.<\/p>\n<p>If the bear market drags on, the exchange will have no problems, according to the Binance CEO. Overall, he remains positive about the crypto industry.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>\u201cWe are still at a very early stage. I think the market still has room to grow,\u201d Zhao said.<\/cite><\/p><\/blockquote>\n<p>CZ does not see a danger in the entry of big companies like BlackRock into the crypto market.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\"><p>\n<cite>\u201cAnyone coming to the crypto market attracts more people. Will such companies compete with us? Yes, probably. But, to be honest, look at our user base. The overlap is minimal,\u201d Zhao said.<\/cite><\/p><\/blockquote>\n<p>This month <a href=\"https:\/\/u1f987.com\/en\/news\/nasdaq-updates-its-filing-for-blackrocks-bitcoin-etf-listing\">BlackRock<\/a> together with other <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-and-others-amend-filings-for-bitcoin-etf-after-sec-reaction\">major companies<\/a> filed applications to register a Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>.<\/p>\n<p>As reported on June 5, <span data-descr=\\\"U.S. Securities and Exchange Commission\\\" class=\\\"old_tooltip\\\">SEC<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/sec-files-suit-against-binance-and-changpeng-zhao\">filed<\/a> a lawsuit against Binance and Changpeng Zhao. After that, Binance.US&#8217;s market share in the United States <a href=\"https:\/\/u1f987.com\/en\/news\/binance-us-market-share-in-the-united-states-falls-to-a-record-low\">fell<\/a> to its lowest level since December 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Changpeng Zhao said that the platform is conducting &#8220;a major preparation&#8221; for a period of heightened trading activity.<\/p>\n","protected":false},"author":1,"featured_media":81321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,935],"class_list":["post-81320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-changpeng-zhao"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81320"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81320\/revisions"}],"predecessor-version":[{"id":81322,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81320\/revisions\/81322"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81321"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}