No Plans To Enter Bitcoin (BTC) Mining, CZ Says
Changpeng “CZ” Zhao, prominent Bitcoiner (BTC) and CEO of the world’s leading crypto ecosystem Binance (BNB), discussed his daily routine, Web3 prospects in Dubai, and some details of Binance’s road map in a recent “ask me anything” session.
Binance (BNB) CEO says the company will not begin mining Bitcoin (BTC). Binance (BNB), the world’s largest cryptocurrency exchange, is not involved in cryptocurrency mining and has no plans to become so. This decision was made due to the unique nature of Bitcoin (BTC) mining as a business.
CZ also claims that it requires too much hardware and expertise to use. As a result, many competitors in the mining sector have a greater advantage than Binance (BNB).
(With inputs from Shikha Singh)
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