The number of institutions on the crypto market grew by 60%

The head of the largest crypto exchange Binance reported that in the third quarter of 2020 alone, the number of corporateBinance platform customers grew by 60% when compared to the previous period.

In his article “Industry Trends and Forecasts for 2021,” Changpeng Zhao noted that since the beginning of 2020, the number of institutional investors on the platform has increased by 46%.

And although at the end of 2020 there were high expectations for a strong growth in the use of BTC and cryptocurrencies as a means of payment, this did not happen.

“The main reason for this may be the fact thatthat the existing fiat payment systems are more familiar to many users. In this direction, the best strategy may be to combine traditional payment instruments with cryptocurrencies. "

There was also information about the growth in the number of international payments using stablecoins. According to the head of Binance, in 2021 we will see a boom in this direction.

"Making cross-border payments using stablecoins or any other cryptocurrency has become easier and cheaper than traditional methods."

Before that, he said that Binance is holding from 30up to 50 acquisitions and purchases of other projects (M&A). Changpeng Zhao is confident that the company will continue to actively invest in the industry in 2021.

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