Binance is eyeing opportunities in non-crypto industries with plans to go on an acquisition spree, the Financial Times reported.

See related article: UK regulator may cancel Eqonex’s registration over Binance, Bifinity ties

Fast facts

  • Binance founder and CEO Changpeng Zhao told the Financial Times that the crypto exchange is targeting industries such as retail, e-commerce and gaming.
  • However, Zhao said he had no intention to grow the company into a conglomerate but instead bring traditional industries to crypto.
  • Last month, Binance paid US$200 million for a stake in Forbes and two seats on the media outlet’s board.

See related article: Binance launches fiat-to-crypto service Bifinity