Media: Binance is in talks with Facebook about the Libra cryptocurrency Binance is in talks with Facebook about the Libra cryptocurrency project. Finance Magnates writes about this with reference to a statement by Jin Chao, chief strategist at Binance.

Media: Binance Talks With Facebook Over Libra Cryptocurrency

Representatives Binance exchanges are in talks with Facebook regarding cryptocurrency project Libra. About writes this Finance Magnates citing a statement from Binance Chief Strategy Officer Jin Chao.

At a fintech conference in Tel Aviv on Thursday, Chao announced that they are in the early stages of negotiations with a cryptocurrency developer..

“We are in dialogue with Facebook at the official level,” he said. - With regard to the listing, they are going to be based on the so-called "private chain". This means they will not be looking for liquidity from the outside. However, as far as we understand the prospects, they will want to enter the secondary market. Currencies take advantage of the secondary market, so it is in their best interest to be listed. ".

Chao also said that talks with the social network are "predominantly focused on infrastructure work." He expects other exchanges to contact the company to discuss Libra's prospects..

“It’s in Facebook’s interest not only to list on our exchange,” he added. “It’s in their interest to be listed on other exchanges too, and this may happen. Once they go public, we probably want to list their coin. ".

Earlier, several Libra partners spoke about doubts in connection with the pressure of regulators on the project..

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