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Libra: Binance in talks with Facebook

The biggest crypto-exchange in the world, Binance, has revealed preliminary talks that with the multinational Facebook about its future Libra cryptocurrency.

During an interview with FinanceMagnates, Binance CSO’s Gin Chao said his company had begun discussions with Facebook. « We have had official dialogue with Facebook. With regarding to listings specifically, right now they are going to be on a so-called ‘private chain.’ So that means they won’t be looking for external liquidity. However, from what we understand, this would potentially lead to the creation of a secondary market », he said.

According to Chao, Facebook would also be interested in listing its token on other crypto-exchanges. « It would also be in their interest to register it on other exchanges and that’s probably going to happen. So, if they decide to go on a public blockchain […], we would probably want to list them », he concluded.

Last May, The Financial Times reported that Facebook had spoken with two of the largest US cryptocurrency trading platforms, Coinbase and Gemini.

Libra Foundation is already supported by PayPal, Uber, Visa and about twenty major companies.


2019-07-02T09:00:16+00:00July 2nd, 2019|