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June 28, 2022

Binance Executives Continue To Load Up On Bitcoin

The largest cryptocurrency exchange in the world, Binance, and its executives have shown strong support for Bitcoin despite its price decline amid intense market pressure. Brian Shroder, CEO of Binance, stated that he will continue to purchase Bitcoin during price declines, just as he did when Bitcoin was at $29,000 and $19,000.

Business Insider reported on June 28 that Binance.US CEO Brian Shroder intends to continue supporting Bitcoin and accumulating it during price declines.

Shroder remains bullish on Bitcoin despite its price plummeting by 70 percent. His orders to purchase Bitcoin (BTC) at $29,000 and $19,000 were executed successfully.

“I continue to buy, I’m continuing my personal investment journey, and obviously I believe in crypto for the long term on a personal and professional level.”

In fact, Binance’s CEO “CZ” has always supported Bitcoin, holding a bullish long-term outlook on the industry. The CEO of Binance disclosed that he holds no fiat currency, only cryptocurrencies.

Brian Shroder, the CEO of the United States, invests in over 30 distinct digital assets. There are a number of intriguing projects, coins, and tokens associated with technology-related crypto assets. The token’s utility, governance structure, and economics are distinct.

In addition, Shroder is optimistic about Helium because of its utility for Internet of Things devices. The blockchain-powered wireless network transmits and receives data to and from the internet, and rewards users who host device hotspots with HNT tokens.

Since November’s all-time high, the price of Helium’s HNT tokens has decreased by 80 percent. Currently, the price is $10.90 per unit.

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After recently announcing zero-fee trading for Bitcoin, the U.S. CEO announced his exclusive support for Bitcoin.

Brian Shroder intends to cultivate favorable user sentiment toward Bitcoin trading in order to attract new users to his platform. Similar to Robinhood, Binance.US would not earn a spread on its no-fee transactions. Instead, the exchange will generate revenue from new staking services and other sources.