Binance in Talks With Facebook About Libra, Confirms Strategy Officer

According to an exclusive interview with Finance Magnates, Binance officials have met with social media behemoth Facebook with regards to its foray into the crypto asset industry. Libra, the firm’s digital currency offering penned for launch in 2020, has been the topic of many debates in the cryptocurrency space since the first official details were presented about it earlier this month. The interview took place between the publication and Binance’s strategy officer at the FinTech Junction Conference in Tel Aviv, Israel, yesterday. During the conversation, Gin Chao confirmed that the wildly-successful trading venue is indeed in discussions with Facebook about its strategy with regards future exchange listings. The strategy officer stated that there is a high likelihood that the social media firm would want to see a secondary market eventually, too. This would likely involve the to-be-released token being listed on exchange platforms such as Binance and others. In commenting on the progress of the talks so far, Chao described them as being at the “preliminary stage.” He also said that the main topics discussed with Facebook so far have been with regards to infrastructure. Finally, Chao confirmed that — presuming Facebook is on board with listing Libra at regular digital currency exchanges — Binance would indeed be interested in offering relevant trading pairs. Many digital asset analysts have argued that onboarding new people to Bitcoin and other crypto assets will be much easier when Libra is available. There is hope that the current barrier to entry will be reduced. However, for this to be the case, Libra will need to be listed on exchanges such as Binance. We will bring you more on this story as it develops. What do you think? Will Facebook’s Libra eventually see trading pairs at exchanges such as Binance? We’d love to hear your thoughts in the comments.