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The Pomp Podcast

#261: CZ explains Why Binance is Paying A Rumored $400 Million for CoinMarketCap

The Pomp Podcast

Anthony Pompliano

Investing, Business

4.62K Ratings

🗓️ 5 April 2020

⏱️ 61 minutes

🧾️ Download transcript

Summary

CZ is the founder of Binance, the largest cryptocurrency exchange in the world by volume. In this conversation, Anthony and CZ discuss how COVID-19 is impacting Binance, why CZ is paying a rumored $400 million for CoinMarketCap, what trends Binance is seeing in non-US countries, and why CZ wants to potentially turn Binance into a Decentralized Autonomous Organization. =============================== TaxBit is a refund-maximizing, cryptocurrency tax software you can depend on. Visit taxbit.com/invite/pomp and receive 10% off your tax plan today by signing up for a free trial. =============================== Blockset by BRD is your hosted blockchain infrastructure. Blockset enables enterprises and developers around the globe to deliver high-quality blockchain-based applications in a fraction of the time, at a fraction of the cost. Using the services provided by Blockset, businesses can build professional custody solutions, accurate and near real-time portfolio management solutions, auditing platforms, commercial block explorers, and much more: blockset.com ===============================

Transcript

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0:00.0

What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to Off the Chain, simply the best podcasting crypto. Let's kick this thing off.

0:11.1

CZ is the founder of Binance, the largest cryptocurrency exchange in the world by volume.

0:16.4

In this conversation, we discussed how COVID-19 is impacting Binance, why CZ is paying $400 million for coin market cap, what trends Binance is seeing in non-U.S. countries, and why CZ wants to potentially turn Binance into a decentralized, autonomous organization.

0:34.1

I really enjoyed this conversation, and CZ was fantastic as always.

0:38.3

Before we get into this episode, though, I want to talk about the two sponsors.

0:41.3

The first is Tax Bit. Tax Bit automate your cryptocurrency taxes, enabling you to effortlessly track, calculate, and report your transactions.

0:49.3

They make it super simple. You can easily connect your exchanges to securely sync your transactions and run them through

0:55.3

TaxBits tax engine. Generate your completed tax forms with a single click. The company was founded

1:00.7

by tax attorneys and CPAs. TaxBid is the most trusted cryptocurrency tax solution. So you can get 10%

1:06.4

off your tax plan today with a free trial by going to taxbit.com slash invite slash pomp again taxbit.com

1:13.8

slash invite slash pomp so they've got live support with experts whenever you need it they're

1:18.8

experts on hand who have experienced facilitating thousands of crypto tax filings and irish

1:23.2

crypto tax audits tax bit is where crypto taxes get done simply. So head on over taxbit.com

1:29.7

slash invite slash pomp. Now, the second sponsor is a new one, block set. If you're building in

1:34.8

the blockchain space, then I want everyone to know about block set. Their goal is to enable the next

1:39.1

wave of developers and business leaders to build amazing applications. Block set is built by BRD or Bread, the first wallet in the app store from 2014 and one of the

1:48.7

largest in the space today.

1:50.3

They've taken the architecture and knowledge they've gained over the past six years

1:53.3

to create BlockSet, a robust, reliable, and strategic B2B offering for developers and enterprises.

1:59.5

So thanks to BlockSet, we can all build with crypto assets at light speed using their unified

2:03.9

API that has data from all the major chains.

2:06.9

It acts as a hosted blockchain infrastructure, and it ultimately enables high-quality apps

...

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