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Binance will launch its own blockchain “in coming months”

Crypto exchange Binance will launch its own blockchain “Binance Chain” in the “coming months,” according to the company’s tweet on December 4:

“Binance is pushing for blockchain adoption and doing many things to help advancement of the industry. E.g. we will have the Binance chain ready in the coming months, on which millions of projects can easily issue tokens.”

According to Forbes, Binance announced their plans during a recent private event in Singapore hosted by Forbes Asia. Speaking at the “Decrypting Blockchain for Business” event, Binance CEO Changpeng Zhao (CZ) stated that the new plans actually indicate an old vision of crypto, which will expectedly lead to increasing its adoption on a global scale.

In order to reach a fundamental “payment adoption increase,” CZ said that the company will be “pushing really hard into that space,” since their “original intent” hasn’t taken off “for some reason.”

Forbes’ author Michael del Castillo, who unveiled the news, quoted CZ saying:

“I think there will be millions of coins and thousands of blockchains.”