Binance Expands, Employees Take Salaries In BNB

AUGUST 19, 2018 BY CHRIS PERROTTA

Binance expands their borders to Liechtenstein by partnering with Liechtenstein Cryptoassets Exchange to add a fiat-crypto exchange. Also, Binance CEO, Changpeng Zhao, calls his employees who receive their salaries in Binance Coin (BNB), “Smart People.”

Binance CEO, Changpeng Zhao, tells TechCrunch founder, Michael Arrington, that “90% of Binance employees choose to receive their salaries in BNB tokens. Smart people.” This conversation was held at Liechtenstein Cryptoassets Exchange’s event on August 17th in Vaduz, Liechtenstein. If the crypto markets can return to a bullish sentiment then getting a salary in one of the most stable cryptocurrencies could be very smart. Binance Coin (BNB) is a much better position in 2018 compared to most coins (off about 58% from its all-time high of $24 in January), even Bitcoin (off 67% from its all-time high of $20,000).

Binance has also announced a fiat-crypto exchange in Liechtenstein. This exchange will be very similar to traditional exchanges as it will include KYC, AML, and legal requirements. They will be offering trading pairs with Swiss Francs (CHF) and Euros (EUR) against major cryptocurrency pairs, no exact coins have been announced yet.

“We welcome Binance LCX to Liechtenstein. Blockchain technologies are laying the basis for an entirely new industry. We are confident that Liechtenstein’s existing and future legal framework and practice provide a robust foundation for the Binance LCX and other Blockchain companies to provide exceptional services here in Liechtenstein.” -Adrian Hasler, Prime Minister of Liechtenstein

Binance seems to be targeting all countries that are friendly towards cryptocurrencies, Malta, Liechtenstein, Uganda, and Bermuda. Hopefully in the future they will expand to more countries and help spread cryptocurrency adoption.