Binance is planning an acquisition spree to push in to new markets as its massive digital assets trading unit comes under sustained regulatory scrutiny.
The crypto company, one of the biggest in the digital asset industry, is looking to scoop up businesses that operate in traditional markets following its investment earlier this year in US business publication Forbes, Binance chief executive Changpeng Zhao said in an interview.
“We want to identify and invest in one or two targets in every economic sector and try to bring them into crypto,” said Zhao, adding that pushing a single company in an industry, such as media, to embrace crypto will amp up competition and pressure other incumbent groups to do the same.
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