Binance in Libra-Listing and Node-operation of interested

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Juli 1, 2019

The Bitcoin exchange Binance has been in talks with Facebook. It is a question of Libra. The company is considering a Listing of the Facebook Stable Coin. Also, the operation of a Libra-Node is not entirely excluded.

By Anton Livshits
At the 1. July 2019BTC$capital 10,291,00 -8.35%part Facebook Twitter LinkedIn xing mail

Facebook’s planned Stable Coin is slowly taking shape. As part of the unveiling of Libra, the Tech group, also announced the first Node operators for the Libra network. Among this exclusive Club of well-known companies such as PayPal, eBay, Visa, and Spotify, therefore. However, it seems that the traditional players in the crypto-world wanted a piece of the Libra cake. This is, at least in the case of Binance the case. The Bitcoin exchange is said to be in talks with Facebook. This follows from two Interviews with Gin Chao, Chief Strategy Officer at Binance. The Interviews arose in the context of the FinTech Junction Conference in Tel Aviv on may 27. June.

Binance to Libra lists

Chao explained to Finance Magnates that Binance was in official talks with Facebook. This is a possible Listing of Libra on the Bitcoin stock exchange. According to Chao Libra will be traded initially on a private Blockchain. Sooner or later Facebook would look for, however, in addition, a secondary market:

currencies benefit from a secondary market, therefore, it would be in your best interest, is listed.

negotiations with Facebook are, according to the Interview in a „preparatory stage“. Accordingly, it would be at the moment primarily to issues of infrastructure. Chao believes that in addition to a Listing of Libra on other crypto-exchanges. Such a move would ultimately be in the interest of Facebook.

Binance Libra would like to Node to be

Other Statements of Chao suggest, however, that a much more direct involvement of Binance. The chief strategist explained to crypto potato, that his company was also interested in the operation of a Libra-Node. According to Chao Binance draw such a step definitely in consideration. Whether these plans will be of no avail, he leaves open, however. Reminder:in Order to operate a Node, companies need to assign tens of millions of dollars on Facbeook. The money is about to come the hedge of Libra to Good. In the Interview, Chao expressed, moreover, some General thoughts on Libra. He seems to be the crypto currency to be fundamentally inclined:

It is a good thing, for sure. Each Time a company with the weight, the size, the resources, and the effect of Facebook brings in, it validates both the Blockchain as well, in this case, the crypto currencies themselves. So regardless of whether or not Libra will be incredibly successful or not, it is already a good thing.

Chao also welcomed the global Approach of Facebook. That the proposed Stable Coin is covered, not only by the US Dollar but also other currencies, he described as a step in the right direction.

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