Why the CEO of the world’s largest crypto exchange backed Musk’s takeover on Twitter

Binance CEO and Founder Changpeng Zhao has been making headlines outside of his typical web3 wheelhouse as an investor in Elon Musk’s takeover of Twitter. Zhao, who invested 500 million dollars, told an audience at the Web Summit in Lisbon, Portugal this week that he would consider joining the social media company’s board of directors if asked by Musk.

But why is he eager to get involved in the messy process of running a social media company when it apparently has nothing to do with crypto, Binance’s core business? Essentially, what’s there for the exchange?

We have tried to answer this question on this Thursday’s episode of Chain reactionwhere we unpack and explain the latest crypto news, drama and trends, breaking things down block by block for those curious about crypto.

You can listen to the full episode below:

In this episode, we also talked about:

Speaking of Zhao, he is one of the speakers who will be joining us on our next crypto event in miami on November 17, and we’ll be sure to ask him about his plans for Twitter. If you want to know more, you can use the promo code REACT for 15% off a general admission ticket to the event.
Chain reaction comes out every Tuesday and Thursday at 12:00 PM PT, so be sure to subscribe us on apple podcast, Spotify or your favorite pod platform to follow the action.

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